This bill updates how much money the King gets each year to run the royal palaces and support official duties. It reduces the grant from £137.9 million to £99.9 million starting 2027-28, and lets the Treasury lower it further if needed.
A Bill to Specify the amount of the Sovereign Grant for the financial year 2027-28 and the percentage of the income account net surplus of the Crown Estate to be used by the Royal Trustees to determine the amount of the Sovereign Grant in subsequent financial years; to confer a duty and a power on the Treasury to specify the amount of the Sovereign Grant in subsequent financial years in certain circumstances; and for connected purposes.
Status: In Progress
Current House: Unassigned
Stage: 3rd reading
Sponsored by: John Healey, Lord Pitt-Watson
Introduced: 2026-09-01