As the world eagerly anticipates the coronation of King Charles III on May 6, 2023, there has been much speculation regarding the cost of the event and who will be responsible for footing the bill.
The ceremony will take place at Westminster Abbey in London, and it will be officiated by the Archbishop of Canterbury. The coronation will be attended by many notable figures, including Prince William, Kate Middleton, and their children, as well as members of royal families from around the world.
The Coronation is reportedly costing the British taxpayer £100 million.
King Charles reportedly has a personal net worth of £600 million.
RT if you agree that this is an obscene waste of public funds, especially during a cost of living crisis. pic.twitter.com/pyhAI20f0n— Lord Raven 🐦 (@John_Ravenn) April 19, 2023
It has been reported that the Operation Golden Orb committee, which is responsible for planning the coronation, has estimated that the event will cost around £100 million. However, this figure has yet to be confirmed.
King Charles III has expressed his desire for the ceremony to be mindful of the cost of living crisis, and he has requested that the event be scaled down and modernized compared to his mother’s coronation in 1953.
Also read | Will there be a King Charles coronation medal?
The committee has reportedly attempted to keep costs down, but certain factors, such as security, have made this challenging. Despite this, it has been suggested that the worldwide TV rights to the event will more than cover the cost of the ceremony and will provide a significant boost to tourism. In fact, hotels are already being booked out for the coronation weekend.
It is worth noting that, unlike royal weddings which are paid for by the Royal Family, coronation ceremonies are funded by the UK government, which is in turn funded by the British taxpayer. As the sovereign is the Head of State, the government pays for the event.
At least 80% of people won’t watch and don’t care about King Charles and his coronation.
So why are we expected to pay £100m+ when we already give him £1m a day? pic.twitter.com/dC8C32EpMe
— BladeoftheSun (@BladeoftheS) April 20, 2023
Cabinet Office minister Oliver Dowden has emphasized that the King and the government are mindful of ensuring that the taxpayer receives value for money when it comes to the coronation. In light of this, it is likely that efforts will continue to be made to keep costs down where possible.
Also read | How the St. Edward’s Crown is helping King Charles prepare for his coronation
The coronation of King Charles III is an eagerly awaited event, and much attention has been focused on the cost of the ceremony and who will be paying for it. While there have been suggestions that the event may cost around £100 million, efforts are being made to ensure that the taxpayer receives value for money. Nonetheless, it is clear that the coronation will be a significant boost to tourism and will be an unforgettable moment in British history.
