The King (Sort Of) Reveals His Finances
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What is the main topic discussed in this episode?
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Hello. Slightly longer episode of Newscast than usual, and that's because the second half of the pod is going to be a big look back at the events of the week, which we normally do every week, but most weeks aren't like this one's been. And the first half will be Daniela Ralph, senior royal correspondent, talking about what we've gleaned about King Charles's finances. So those are the two things coming your way on a bumper edition of Newscast. Newscast.
Newscast from the BBC.
I will resign as leader of the Labour Party.
And what will you do?
Hello, it's Adam in the Newscast Studio. And first of all, we're going to focus on Matters Royal because the royal accounts have come out. And actually, there are quite a few news stories in there. Not least the fact the king, for the first time ever, has revealed how much tax he has paid. A thing that he does on a voluntary basis since his mother started doing that in the 1990s. The person who can bring us all the details because she's been peering into the spreadsheets is senior royal correspondent, Daniela Ralph. Hi, Daniela.
Hi, Adam.
So you're actually slap bang in between Clarence House and Buckingham Palace.
Yes.
Yeah, that's right. So Buckingham Palace behind me, everyone knows that's there. Clarence House is behind the camera. We can't see it. It's always slightly hidden and shielded by the trees. It's harder to spot, but it is literally just across the road from Buckingham Palace. Much smaller, much more private, a little bit hidden away, but just across the road.
And we'll talk about King Charles's finances in a second, but just sticking to his lodgings, is it quite a surprise that he and the Queen are going to stay there rather than moving into his mum's old apartment?
Not really, because they've never lived in Buckingham Palace. So the fact that they hadn't really shown a great deal of interest in moving in was perhaps a sign that they weren't that keen to do it in the first place. But I think actually just hearing the team at Buckingham Palace say it and say that the monarch will not be living in Buckingham Palace the first time that has happened since the reign of Queen Victoria, it's still a thing. You know, it's still quite a moment. Because I think for a lot of people visiting Buckingham Palace, there is a magic. in knowing that perhaps the king or the queen might be there. You know, when you walk around to have a look, I don't know about you, but when I've been in, you sometimes think, oh, is this their bedroom?
Have they walked here? What are they doing in there? Should we peek behind the curtain? There's all of that kind of stuff.
What did King Charles reveal about his finances?
And is that perhaps lost when you know that the monarch isn't going to live there? Maybe a little bit, but ultimately, It was a very personal decision from the King and Queen. They wanted to stay at Clarence House. It's where they've lived for more than 20 years. You've got to remember as well, there are two people in their late 70s. The King is living with cancer and the bottom line is they didn't want to live above the shop and they didn't want the upheaval of moving themselves and their staff to Buckingham Palace. So they have chosen to stay living at Clarence House. But Buckingham Palace has still been described by the King's team as monarchy HQ. It's an operational base. of the royal family. We're still going to see garden parties, state banquets, big events.
And there is this chance now that without a monarch in residence on a long-term basis, that the palace could be opened up to the public more often for longer periods of the year, therefore generating more income.
And actually linked to the story about money, a lot of money has been spent over the last few years on the refurbishment of Buckingham Palace. And I suppose this reinforces the fact that that wasn't a glow up for the King's flat. It was getting a public building, which is used for public purposes, up to scratch as opposed to some kind of vanity project like gold wallpaper.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–2:49
2
What did King Charles reveal about his finances?
2:49–15:29
3
What are the implications of King Charles not living in Buckingham Palace?
15:29–22:20
4
How much tax did King Charles pay and why is it significant?
22:20–31:11
5
What are the sources of income for the royal family?
31:11–38:40
6
What is the public reaction to the royal financial disclosures?
38:40–39:21
7
What are the controversies surrounding the royal family's finances?
39:21–45:17
8
How will the royal funding change in the coming years?
45:17–47:37