King Charles III drastically slashed the British monarchy’s expenditure in his first full fiscal year as the head of state. The annual Sovereign Grant tipped the scales at a whopping $138 million dollars from 2022-2023, but this year’s tally came in at a far less bloated $115 million dollars. The 2023-2024 Sovereign Grant, which is public money used to fund only the official actions of the monarch as head of state and royal residence upkeep, fell this year, but His Majesty will be getting a boost for the year 2025-2026, which will include the last stages of funds to finish the decade-long reno…
