Britain’s sovereign public estate overseen by Crown Estate Commissioners
The National Audit Office has disclosed that Andrew Mountbatten-Windsor received income from subletting three cottages on the Royal Lodge estate while paying a peppercorn rent. The report notes it does not reveal how much rent was charged or income generated. The findings prompt MPs to press for reform and a public inquiry into royal finances. The issue is part of wider scrutiny of royal housing arrangements and the Crown Estate.
The monarchy remains under public and parliamentary scrutiny as new royal accounts disclose how much tax the King has paid and how royal funds are allocated. The Sovereign Grant, Duchy of Lancaster income, and private assets are outlined, with transparency urged amid ongoing questions about deductibles and private wealth.
The Crown Estate has posted a drop in revenue account profit to £487m for the year, down from £1.1bn, with most of the decline tied to fading offshore wind option fees as wind farm projects move into construction. Net asset value, however, rose to £16.7bn amid higher property values. Marine profits rose to £175m, while real estate and development profits increased to £258m.