It has always been known that if you belong to the royal family, the economy is not a problem, since they live with great luxuries that not everyone could afford. Each one of the members spends a great amount of money, which could be worrying the current king. King Charles III would be facing a terrible crisis for money.
Several international media have stated that according to an annual report on the finances of the royal family, it has been shown that the goal of minimizing the family’s expenses is still a change that has not yet been achieved due to the momentous royal changes, so King Charles III would be secretly facing this terrible crisis of what the cost of living of the royal members implies.
According to what has been known, the main issues that have not allowed the king to meet his goal have been the death of Queen Elizabeth II, and the incredible remodeling of Buckingham Palace that has skyrocketed due to the inflation that took these family expenses to more than 135 million dollars in the last fiscal year.
The ceremonies were also a cost that King Charles III had to cover, and for which he had to resort to a reserve fund that has been maintained for several years.
Another factor that prevented the target from being met is that Britain’s double-digit inflation has been steadily rising. So far it is not known exactly how strong will be the measures that the king would like to implement to reduce the massive expenses that the palace has every year.
