British Taxpayers Paid £72 Million for King Charles III’s Coronation

Written by Kathrine Frich

Nov.23 - 2024 1:26 PM CET

Royal
Photo: Shutterstock
Photo: Shutterstock
Critics argue that the expenses are excessive during a time of financial strain.

Trending Now

TRENDING NOW

The cost of King Charles III’s coronation has sparked debate in the United Kingdom.

Official data reveals that the event, held in May 2023, cost British taxpayers £72 million (approximately €86.5 million).

While the ceremony was celebrated as a historic occasion, critics argue that the expenses are excessive during a time of financial strain.

The Department for Culture, Media and Sport (DCMS) reported spending £50.3 million (around €60.5 million) on the coronation.

The remaining £21.7 million (about €26 million) covered security, managed by the Home Office, according to Digi24.

The coronation took place at Westminster Abbey, attended by global dignitaries, followed by a grand concert at Windsor Castle the next evening.

Although some estimates placed the total cost at over £100 million (approximately €120 million), the confirmed figure has fueled calls for greater accountability from the royal family.

Anti-monarchy groups have criticized the use of public funds, arguing that the monarchy receives disproportionate financial support.

They contend that King Charles, a multimillionaire, could have personally covered much of the expenses.

Recent investigations into royal finances have intensified scrutiny. Reports suggest that the royal family has benefited from tax exemptions and public resources.

Critics have called for transparency and reforms regarding royal assets and spending.

Supporters of the monarchy, however, view the coronation as a rare and significant event.

The DCMS annual report described it as a once-in-a-generation moment that "celebrated and strengthened national identity."

Millions in the UK and around the world watched the event, which the department claimed brought cultural and economic value.