[Jan Fisher]

King Charles is getting a pay rise, and it’s a doozy.

While millions struggle to pay everyday bills and put food on the table King Charles is in line to an estimated 45 per cent pay rise come 2025.

That’s an estimate only as the exact figure is calculated on profits from a government portfolio known as the crown estate. Just to give you an idea of the figures involved, the crown received 86.3 million pounds in 2022.

The details are too complex to go into here, but the basic outcome is Charles is in for one hell of a boost to his bank balance in a couple of years.

The size of the increase used to be decided publicly by parliament, but a cozy little system has the decision now handed to the trio of the PM, chancellor and keeper of the privy purse.

Just in case you are wondering if he needs it, well Charles and Prince William already receive about 40 million pounds income a year from the estates they own.

Do you think King Charles needs a pay rise?

[Cosmo]

It’s not a case of the King’s need, it’s the same model that works here: screw the workers and reward the CEO for being so smart for doing it. Qantas is a great local example, Telstra especially under its earlier US CEO, AMP gave one of its earlier CEOs a $2million leaving present for screwing up. Medibank Private gave it’s already well remunerated CEO a $2,000,000 bonus this year after releasing millions of members details to the world. These bonuses have nothing to do with performance and not unlike the King’s arrangement they are usually cozy deals with a few board members.
A $1 million bonus to the CEO is the same cost of giving nearly a thousand workers a $20 a week pay rise but when was the last time you heard either the RBA or an employer’s group warn that CEO pay rises would push up inflation?

[Tigerb]

Yes , a monster pay rise for a monsterous and useless monarchy . Belongs in the dark ages. UK needs to wake up and dump this system if they are to ever get their house back in order.

[Author]

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