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Buckingham Palace’s New Role
Description
Buckingham Palace, once the royal family’s permanent home for over a century, is being reimagined as a public-facing hub rather than a private residence—despite a £370 million renovation set to finish in 2027. King Charles and Queen Camilla have permanently chosen to stay at Clarence House, signaling a historic break from tradition. The palace will now serve as the King’s main office and a more accessible venue for the public, while Charles has also become the first monarch to publicly reveal he’s paid over £30 million in taxes since 2022. Meanwhile, the Sovereign Grant—funding royal duties—will be reduced after 2027, reflecting a push for fiscal responsibility. In a related move, Prince William’s Duchy of Cornwall is redirecting prison rent into community projects, marking a new era of royal assets serving public good.
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