Crown estate makes more than £1bn profit for third year running

King Charles’s property management firm has posted a £1.2bn profit for the third year in a row, driven by the surge in offshore windfarms. This windfall is thanks to energy bills funding these renewable projects, which have become a significant revenue source for the Crown Estate. While the profits are substantial, questions remain about King Charles’s tax obligations and the future of the monarchy’s properties, especially with Buckingham Palace still undergoing a costly refurbishment. This ongoing financial success underscores the shift towards renewable energy and its broader implications for national budgets and environmental policy.