It was reported that King Charles III of England decided to transfer 1 billion pounds sterling annually from the income of the Royal family and Buckingham Palace to the treasury of the British government.
In a statement made by the financial institution known as the “Royal Estate”, to which the land and properties belonging to the British monarchy are affiliated and the services and expenses of the Royal family are covered, details of the decision of King Charles III of England were shared.
In the statement, it was reported that the fund reached an agreement with the German energy company RWE for the establishment and operation of 6 wind farms planned to be operational in the country in 2030.
Within the scope of this agreement, it was stated that King Charles III of England wanted the annual profit of approximately 1 billion pounds sterling to be transferred to the country’s treasury to be used for public benefit.
In the statement, it was noted that three wind farms where electricity will be produced in wind energy are planned to be established in North Wales, Cumbria and Lancashire, and the other three in the North Sea off the coast of Yorkshire and Lincolnshire.
In the statement made by the German energy company RWE, it was noted that the project is planned to serve with a total production capacity of 8 gigawatts in 2030 after a total investment of 15 billion pounds sterling.
In the statement, it was noted that the project is expected to meet the electricity needs of 7 million households in the country.
Inflation in the country hovers near the highest levels of the last 41 years
According to the Office for National Statistics (ONS) data, the Consumer Price Index (CPI) in the country increased by 10.5 percent on an annual basis in December 2022.
After inflation in the country reached the highest level of the last 41 years with 11.1 percent in October last year, it slowed down to 10.7 percent as of November.
Food prices in the UK increased by 16.8 percent on an annual basis in December last year.
The rate in question was recorded as the sharpest increase since September 1977.
