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UK royals' spending up 17%, mostly for palace overhaul costs

A dog walker passes a quiet Buckingham Palace, in London, March 23, 2021. Royal accounts show the British monarchy’s publicly-funded spending rose to 102.4 million pounds ($124 million) in the past year, with the renovation of Buckingham Palace taking up a large part of the expenses. The palace’s annual Sovereign Grant report showed that royal spending went up by 14.9 million pounds, or 17%, compared to the previous year, a report published Thursday, June 30, 2022 showed. Associated Press

LONDON — The British monarchy's publicly-funded spending rose by 17% to 102.4 million pounds ($124 million) in the past year, with the renovation of Buckingham Palace taking up a large part of the expenses, royal accounts published Thursday showed.

The palace’s annual Sovereign Grant report showed that royal spending went up by 14.9 million pounds compared to the previous year.

Critics described the spending as excessive amid Britain’s cost-of-living crisis.

Property maintenance accounted for a big chunk of the spending — about 64 million pounds — because of a 10-year project to overhaul pipes, wiring and electricals at Buckingham Palace.

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