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| Prince Charles' public funding drops by 48% | |
| (35 minutes later) | |
| Public funding for the Prince of Wales fell from £2.2m to £1.2m in the last financial year, Clarence House says. | |
| The prince's overseas travel bill for 2012-13 was reportedly much reduced as countries he visited funded his travel expenses. | |
| Official accounts show that his total income last year was £20.2m. | |
| Prince Charles' private income from the Duchy of Cornwall went up by 4% to just over £19m, BBC royal correspondent Peter Hunt said. | Prince Charles' private income from the Duchy of Cornwall went up by 4% to just over £19m, BBC royal correspondent Peter Hunt said. |
| Officials say that more than half of his after-tax income from the duchy is spent on official and charitable duties, our correspondent added. | Officials say that more than half of his after-tax income from the duchy is spent on official and charitable duties, our correspondent added. |
| The 48% fall follows an 11.8% increase in 2011-12. | |
| The prince allocated £11m to "official expenditure" and £2.5m to "non-official expenditure". He also paid £4.4m in tax. | |
| He employs more than 148 staff at an annual cost of £6.3m, including chefs, valets, and gardeners and more than 125 staff to support his official and charitable activities. | |
| "In 2012-13, the Prince of Wales undertook a total of 657 official engagements, of which 154 were overseas, and the Duchess of Cornwall undertook 277 engagements, of which 122 were overseas," the prince's annual report said. | |
| On Thursday, Buckingham Palace accounts revealed that government spending on the monarchy rose by almost £1m to £33.3m in the last financial year. | |
| The Queen's official expenditure increased by £900,000 in 2012-13. |