King Charles' coronation cost

Right, how much has King Charles’ coronation actually cost all of us?

Seems like money well spent

King Charles’ coronation is going to be nothing if not a spectacle. He’ll ride in a carriage procession from Buckingham Palace to Westminster Abbey, waving to the public in sacred robes. And, with more than 6,000 armed forces taking part and world leaders flying in from all around the world, during the cost of living crisis, this opulence has everybody asking: How much will the coronation cost? And who’s paying the bill?

So, if you’re sitting on your sofa in your pyjamas asking the same question, here’s everything you need to know:

So, how much has King Charles’ coronation actually cost?

Currently, no exact figure has been published stating how much King Charles’ coronation cost, though it’s estimated to be around £100 million. The Operation Golden Orb committee has said, although they were trying to cut costs and make it a thrifty royal event, it’s still cost a massive amount of money.

Back in 1953 the Queen’s cost £1.5 million which equates to around £50 million today. Of Charles’ coronation, a source told The Sun: “In today’s money the 1953 coronation cost around £50 million but estimates for King Charles’s are twice that because of things like security, which weren’t such a big issue back then.”

And who’s paying for King Charles’ coronation?

Despite inheriting £ 200 million when Queen Elizabeth II died, King Charles isn’t paying, or even contributing, to his coronation. Instead, the whole affair will be paid for by the government, using money from British taxpayers, who are struggling to afford food, heating and electricity during the cost of living crisis.

Reportedly, Charles was paid £86 million by the Sovereign Grant last year and all his homes, including Buckingham Palace and Windsor Castle, are worth an estimated £23 million.

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Featured image credit via Shutterstock.