Prince Charles's income up to £19.7m

Prince CharlesPrince Charles's income rose by an above-inflation 4.9% to total £19.7m last year according to the annual review published by his office. By designating more than half that total as official expenditure, the prince was able to claim tax relief. His total tax bill was £4.4m.
The 24-page report shows that almost £18m of the prince's income came from his Duchy of Cornwall estate, mainly due to profits from his bonds portfolio. Funding from Government departments came to £354,000, with grants-in-aid accounting for just over £1.6m.

While the prince travelled 9,000 fewer miles this year on Royal duties – a total of 34,000 – and halved the amount of foreign travel undertaken, the cost of travel rose £388,000 to just over £1m. That breaks down to a cost of £31.50 a mile compared with the previous year's £16.13.

Butlers and valets

The prince's personal spending went up 50% to £2.5m and he took on 10 extra members of staff, bringing the total to 159. Unlike the prince, those staff – who include butlers, valets, dressers and housekeepers – received no increase as their salaries were frozen.

The report also stressed the charity work the prince and his family carry out, claiming they had helped to raise £123m directly or indirectly for 20 core charities. There's no indication of how this figure is calculated. Personal charitable donations of £800,000 are also listed in the report.

Other costs listed include £155,000, a rise of 24%, on the upkeep of gardens which the report says were used for official entertaining; £323,000 on official entertaining, a rise of 28%; and £207,000 on office equipment. All those payments, plus the total staff bill of £6.4m, are tax exempt.


The news of rising costs, especially on travel, has prompted anti-monarchy group Republic to call for a Parliamentary probe into his finances. The group said: "Charles's spending is spiralling out of control. Why on earth are taxpayers continuing to fund his lavish lifestyle when public services are being cut?"

The prince's office counters by saying that much of his travel is done at the request of the Government and Foreign Office, and that "expenditure has increased almost entirely because His Royal Highness increased his personal donations to charity".
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