King Charles to take smaller cut from crown estate as windfarm profits soar

Sovereign grant to shrink from 25% to 12% of crown estate's profits, after monarch asked for money to be used for public good'

King Charles has agreed to take a smaller share of the crown estate's profits ahead of a multibillion-pound windfall from Britain's offshore windfarms.

The Treasury said it would halve the proportion of the crown estate's profits paid to the royal household through the sovereign grant, which will fall from 25% in recent years to 12% from next year.