The Queen Camilawife of Carlos III, will not receive the income that the British Parliament assigned annually to the previous monarch consort of the United Kingdom, Prince Philip, who each year received 359,000 pounds (419,000 euros) for his official commitments.
This is clear from a report released this Friday by the so-called National Audit Office (NAO) on the finances of the Royal House of this country, which reveals that the activities carried out by the wife of Carlos III will be paid for with money extracted from the so-called Sovereign Fund. and that the consort will not be assigned a separate payment.
The independent report carried out by the Royal Household regulator examines the funding structures of the royal family as part of the NAO’s work to improve transparency.
The document outlines several considerations for the future and suggests that the new reign of Carlos III, with a schedule that is expected to be more hectic than that of his mother, Isabel II, in her later years, could “substantially alter the needs of future funding”.
The report compares Camilla’s situation with that of her late father-in-law, the Duke of Edinburgh, and confirms that “Queen Camilla will not receive a separate annual income” but that her official activities “will be financed from the Sovereign Fund.”
The father of Carlos III continued to receive the aforementioned sum of 359,000 pounds each year despite changes in the way in which royal activities were paid for by the taxpayer.
In this way, the old Civil List, from which Elizabeth II received a payment and various subsidies from the Government to cover official expenses, was replaced by the aforementioned Sovereign Fund, which is based on a percentage of the benefits of the Crown Estate (land and British crown property).
However, a new legislation introduced in 2011 maintained a clause that affected Prince Felipe, who retired from his activities in 2017 and died in 2021, so that he could continue to receive his annual income for life.
The report also points out that the future program of official acts of King Carlos III could affect future financing.
“Each king and queen have their own interests and priorities that affect their schedule of activities,” the document states.
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In this way, the report recalls that the late Elizabeth II “cut expenses on events and travel in recent years, partly due to the global Covid-19 pandemic.”
“It can be reasonably assumed that the King will organize more events and travel to more engagements within the UK and abroad at the request of the Government,” that text anticipates.