When Prince Harry and Meghan Markle sensationally revealed they were quitting as working royals, they said they would "work to become financially independent". And the latest royal accounts show that they've achieved this goal as it has emerged his Prince Charles is no longer funding the pair. Charles’s bill for his sons and their families no longer lists the Sussexes in the accounts. And a source close to the Prince of Wales said Harry and Meghan "should be congratulated in achieving their goal". To become financially independent, the couple has raked in millions from the private sector - despite using their newfound roles to routinely slam the royal family in global television interviews. Prince Harry and Meghan Markle, who are now financially independent of the Royal Family ( Image: Getty Images) But where exactly do they get their millions from? And more interestingly, how do they spend it? Multi-million business deals Since stepping back from … [Read more...] about How Harry and Meghan make their millions – TV deal, books and Diana’s inheritance
Declaration of source of funds
Taxpayers' spending on the Royal Family topped £100million for the first time, as we forked out £102.4m for them. The UK continues to struggle with the cost of living crisis while spending on royals rose by £15million, or 17 per cent. The Sovereign Grant Report shows that last year, as in-person royal visits resumed following the pandemic, their travel costs rocketed from £1.3m to £4.5m. It comes as the Royal Family are said to be "extremely conscious" of how the cost of living crisis is impacting Britons where families are struggling to heat their homes and feed their kids. Campaign group Republic lambasted the figures, with chief executive Graham Smith saying: "As always, while the rest of us face a cost-of-living crisis and continued squeezes on public services, the royals walk off with hundreds of millions of pounds of taxpayers' money." A royal source said Charles was taking a very close interest in how inflation and the cost-of-living problems were impacting … [Read more...] about 5 huge royal bills YOU paid – Charles’ £15k helicopter trip and £100k for 3 train rides
LONDON (AP) — The British monarchy's publicly-funded spending rose by 17% to 102.4 million pounds ($124 million) in the past year, with the renovation of Buckingham Palace taking up a large part of the expenses, royal accounts published Thursday showed. The palace’s annual Sovereign Grant report showed that royal spending went up by 14.9 million pounds compared to the previous year. Critics described the spending as excessive amid Britain’s cost-of-living crisis. Property maintenance accounted for a big chunk of the spending — about 64 million pounds — because of a 10-year project to overhaul pipes, wiring and electricals at Buckingham Palace. Costs for official tours also went up, as the royals returned to making overseas visits after the lifting of coronavirus restrictions. The most expensive official royal tour in the past year was the trip taken by Prince William and his wife, Kate, to the Caribbean in March that cost about 226,000 pounds. The trip, meant to boost … [Read more...] about UK royals’ spending up 17%, mostly for palace overhaul costs
This is a carousel. Use Next and Previous buttons to navigate 2 NEW YORK (AP) — Despite a growing recognition of the problem, the United States continues to see newspapers die at the rate of two per week, according to a report issued Wednesday on the state of local news. Areas of the country that find themselves without a reliable source of local news tend to be poorer, older and less educated than those covered well, Northwestern University's Medill School of Journalism, Media and Integrated Marketing Communications said. The country had 6,377 newspapers at the end of May, down from 8,891 in 2005, the report said. While the pandemic didn't quite cause the reckoning that some in the industry feared, 360 newspapers have shut down since the end of 2019, all but 24 of them weeklies serving small communities. An estimated 75,000 journalists worked in newspapers in 2006, and now that's down to 31,000, Northwestern said. Annual newspaper revenue slipped … [Read more...] about US newspapers continuing to die at rate of 2 each week
The majority of Britain’s greenhouse gas emissions now come from transport, according to new government figures. Emissions fell by 5 per cent overall between 2015 and 2016, largely due to a decrease in the use of coal for electricity generation. The figures suggest the UK is on track to meet the second carbon budget, which restricts the amount of greenhouse gas the UK can legally emit in a five-year period that ends in 2017. Recommended Most new cars should be electric by 2030, say climate advisers However, critics have accused the transport sector of “failing to play its part” in curbing emissions after they rose by 2 per cent, according to 2016 figures from the Department for Business, Energy and Industrial Strategy (BEIS) – the most recent year for which they are available. Transport now accounts for 26 per cent of the UK’s greenhouse gas emissions, compared to 25 per cent coming from energy supplies. The main sources were petrol and diesel … [Read more...] about Transport becomes most polluting UK sector as greenhouse gas emissions drop overall
The White House’s response to last week’s Supreme Court decision overturning Roe v. Wade , which in 1973 established a constitutional right to abortion, once again has exposed the tension between the conciliatory instincts President Joe Biden developed during his long career in Washington, D.C., and the ferocity of the modern combat between the two major political parties. An array of frustrated Democrats this week openly complained that Biden and other administration officials had failed, in their initial reactions to the ruling, to reflect the urgency and anguish of abortion-rights supporters. Although Biden quickly denounced the decision last week, he has avoided any broader condemnation of the Court’s direction or legitimacy and dismissed proposals for changing its structure. Biden’s aides have stressed the limits of what the executive branch can do to mitigate the impact of the ruling. Most notably, Biden initially refused to endorse rolling back the Senate filibuster in … [Read more...] about Is Biden a Man Out of Time?
Britain will boost defence spending by billions of pounds but still cut thousands of troops from the Army, Boris Johnson said today. Speaking at the NATO Summit in Madrid, the Prime Minister said the UK would lift cash for the armed forces from 2% of GDP to 2.5% by the end of the decade. Based on current figures, the pledge would amount to an extra £55.1bn by 2030, it is understood. But he did not spell out fully how. Grilled by the Mirror, he vowed to press on with cutting the Army by 9,500 soldiers - leaving an Army of just 72,500 soldiers while bolstering their gear. And he refused to back down from dropping the Tory manifesto pledge to raise defence spending "by at least 0.5% above inflation every year of the new Parliament”. It comes after a Cabinet row over defence spending amid the war in Ukraine , with Defence Secretary Ben Wallace calling publicly for it to rise from the middle of the decade. Boris Johnson made the comments at the Nato summit in Madrid … [Read more...] about Boris Johnson pledges to raise UK defence spending to 2.5% – but only by 2030