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The Royal Family is “extremely conscious” of the cost-of-living crisis affecting the nation, with the Prince of Wales paying very close attention to the matter, a royal source has said.

Royal accounts published on Thursday showed the monarchy’s taxpayer-funded spending came to £102.4million during 2021/22 – an increase of £14.9million, or 17 percent, on the previous financial year.

Official royal travel amounted to £4.5million, housekeeping and hospitality to £1.3million, utilities £3.2million and payroll costs £23.7million.

Property maintenance soared by £14.4million to £63.9million, as the 10-year project to renovate Buckingham Palace continued.

Campaign group Republic lambasted the figures, with chief executive Graham Smith saying: “As always, while the rest of us face a cost-of-living crisis and continued squeezes on public services, the royals walk off with hundreds of millions of pounds of taxpayers’ money.”

He added: “We need to put the monarchy on a proper budgetary footing, just like any other public body. We need to slash that budget down to below £10m, and only fund what’s required for the functions of the head of state.”

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