AGL 38.02 Increased By ▲ 0.08 (0.21%)
AIRLINK 197.36 Increased By ▲ 3.45 (1.78%)
BOP 9.54 Increased By ▲ 0.22 (2.36%)
CNERGY 5.91 Increased By ▲ 0.07 (1.2%)
DCL 8.82 Increased By ▲ 0.14 (1.61%)
DFML 35.74 Decreased By ▼ -0.72 (-1.97%)
DGKC 96.86 Increased By ▲ 4.32 (4.67%)
FCCL 35.25 Increased By ▲ 1.28 (3.77%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 13.17 Increased By ▲ 0.42 (3.29%)
HUBC 127.55 Increased By ▲ 6.94 (5.75%)
HUMNL 13.50 Decreased By ▼ -0.10 (-0.74%)
KEL 5.32 Increased By ▲ 0.10 (1.92%)
KOSM 7.00 Increased By ▲ 0.48 (7.36%)
MLCF 44.70 Increased By ▲ 2.59 (6.15%)
NBP 61.42 Increased By ▲ 1.61 (2.69%)
OGDC 214.67 Increased By ▲ 3.50 (1.66%)
PAEL 38.79 Increased By ▲ 1.21 (3.22%)
PIBTL 8.25 Increased By ▲ 0.18 (2.23%)
PPL 193.08 Increased By ▲ 2.76 (1.45%)
PRL 38.66 Increased By ▲ 0.49 (1.28%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 103.60 Increased By ▲ 5.66 (5.78%)
TELE 8.30 Increased By ▲ 0.08 (0.97%)
TOMCL 35.00 Decreased By ▼ -0.03 (-0.09%)
TPLP 13.30 Decreased By ▼ -0.25 (-1.85%)
TREET 22.16 Decreased By ▼ -0.57 (-2.51%)
TRG 55.59 Increased By ▲ 2.72 (5.14%)
UNITY 32.97 Increased By ▲ 0.01 (0.03%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 342.7 (3.01%)
BR30 36,377 Increased By 1165.1 (3.31%)
KSE100 109,513 Increased By 3238.2 (3.05%)
KSE30 34,513 Increased By 1160.1 (3.48%)

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"The building was returned to a single residence and outdated infrastructure was replaced to guarantee the long-term future of the property.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.