Buckingham Palace spending tops £100 million as repair work is ramped up | ITV News

ITV News published this video item, entitled “Buckingham Palace spending tops £100 million as repair work is ramped up | ITV News” – below is their description.

Spending by the Royal Family exceeded its income from public funds last year and topped £100 million as the programme of repair works on Buckingham Palace was stepped up.

The Royal Household spent £16.1 million more than it earned from the Sovereign Grant – the publicly funded part of the Royal Family’s income.

The annual report of palace finances shows it received £51.8 million for the day-to-day running of the monarchy and an extra £34.5 million for the Buckingham Palace redevelopment – referred to by the household as “reservicing”.

Read more here: https://www.itv.com/news/2022-06-29/buckingham-palace-spending-tops-100-million-as-repair-work-is-ramped-up

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