King Charles to divert Crown Estate windfall to 'public good'

King Charles has asked for a surge in profits from a £1bn per year Crown Estate offshore wind farm deal to be used for the "wider public good", rather than for the Royal Family.

The Sovereign Grant, which pays the running costs of the Royal Household, is currently based on 25% of Crown Estate profits.

Those profits will see a big increase with payments from six new wind farms.

King Charles is proposing to reduce the royal slice of these higher earnings.

It would mean a higher proportion of these increased profits being kept by the Treasury for public spending.