King to receive extra £45m of public money as crown estate income soars

Royal accounts show estate made 1.1bn profit, meaning sovereign grant will rise to 132m for 2025-26

King Charles is set for a huge 45m pay rise with an increase of more than 50% in his official annual income, official accounts reveal.

Profits of 1.1bn from the crown estate - a percentage of which funds the monarchy - mean the sovereign grant, which supports the official duties of the royal family, will rise from 86m in 2024-25 to 132m in 2025-26.