The king is profiting from the deaths of thousands of people in the north-west of England whose assets are secretly being used to upgrade a commercial property empire managed by his hereditary estate, the Guardian can reveal.
The king is profiting from the deaths of thousands of people in the north-west of England whose assets are secretly being used to upgrade a commercial property empire managed by his hereditary estate, the Guardian can reveal. The Duchy of Lancaster, owned by people who died without a will or known next of kin, has collected tens of millions of pounds in recent years under an antiquated system that dates back to feudal times. Over the last 10 years, it has collected more than £60m in the funds.
It has long claimed that, after deducting costs, a large portion of the revenues is given to charity. However, only a small percentage of these revenues is being given to charity. Internal duchy documents seen by the Guardian reveal how funds are secretly being used to finance the renovation of properties that are owned by the king and rented out for profit
King Estate Deaths North-West England Assets Commercial Property Empire Hereditary Duchy Of Lancaster Funds Charity Renovation Properties Rented Out Profit
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
King Charles sets out Sunak’s election dividing lines in first king’s speechSpeech outlines tough approach to criminal justice and green agenda but little legislation on public services
Read more »
‘Not my King’: King Charles booed as he leaves parliamentThe King's address to parliament wasn't all smooth sailing as he was greeted by crowds of anti-monarchy protesters on his route back to Buckingham Palace. The group of Republican activists chanted 'not my king' and 'down with the crown' as the monarch's carriage drove past.
Read more »
Suella Braverman ‘fails to get ban on charities giving tents to homeless included in king’s speech’Today’s king’s speech will be Rishi Sunak’s first as PM, and King Charles’s first as king
Read more »
Suella Braverman fails to get ban on charities giving tents to homeless included in king’s speechToday’s king’s speech will be Rishi Sunak’s first as PM, and King Charles’s first as king
Read more »
Joe Root says he would take England team over the Australian XI despite paltry Cricket World Cup returnFormer England captain Joe Root says, despite England sitting bottom of the Cricket World Cup table, he would rather have England's XI than Australia's heading into their crunch clash.
Read more »