AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)

Prince Harry and his wife Meghan's new home in Windsor cost £2.4 million ($3.05 million, 2.7 million euros) of taxpayers' money to renovate, royal accounts showed Tuesday, prompting criticism from anti-monarchy campaigners.
Queen Elizabeth II's grandson and his wife moved into Frogmore Cottage on the Windsor Castle estate before the birth of their son Archie on May 6.
The residence, west of London, had been split into five separate homes but was turned back into one property in a six-month refurbishment ahead of their move-in.
"The property had not been the subject of work for some years and had already been earmarked for renovation," said Michael Stevens, who runs the monarchy's accounts.
"The building was returned to a single residence and outdated infrastructure was replaced to guarantee the long-term future of the property.
"All fixtures and fittings were paid for by their royal highnesses," added Stevens, whose title is Keeper of the Privy Purse.
The cost was revealed as the British monarchy published its accounts for the last financial year.
The monarchy is paid for using a slice of the profits from the land it owns, the rest of which go to the government.
The monarchy's official expenditure in the financial year 2018-2019 was £67 million, including souping up the 1801-built Frogmore Cottage - an increase of almost £20 million on the previous financial year.
The renovation and rise in overall spending provoked condemnation from campaigners who want to abolish the monarchy. "This year's increases are outrageous at a time of widespread spending cuts," Graham Smith, from the Republic campaign group, told The Sun newspaper. "If even one school or hospital is facing cuts, we cannot justify spending a penny on the royals."
Under a deal dating back to 1760, profits from the Crown Estate - the monarch's hereditary land and property portfolio - are surrendered to the Treasury, which in return funds the monarchy's running costs through the sovereign grant.
The grant is not income for the royals but pays for the monarch's household staff, property maintenance, official travel, housekeeping and hospitality. The grant amounts to 15 percent of the Crown Estate profits.
For 10 years starting last year, there is an additional 10 percent to cover the reservicing of Buckingham Palace, Queen Elizabeth's official residence in London.
The sovereign grant for 2018-2019 was £82.2 million - up from £76.1 million the previous year. The £82.2 million comprised of a £49.3 million core grant plus a further £32.9 million for the Buckingham Palace reservicing, replacing old wiring, water pipes and boilers, some of which has not been done since the 1950s.

Copyright Agence France-Presse, 2019

Comments

Comments are closed.