- For more financial news, go to the News24 Business front page.
Britain said it would cut the proportion of funds going to the royal family from the Crown Estates to 12% from 25% next year to reflect the rising profits the estate receives from offshore wind.
Under the changes, the royal household's budget will be 24 million pounds ($30.99 million) lower next year and 130 million lower in both 2025 and 2026, than if the rate had remained at 25%. ($1 = 0.7745 pounds)