Charles receives an annual private income from the Duchy of Lancaster landed estate of £27 million, while William is entitled to more than £23 million a year from the Duchy of Cornwall.

Republic, which backs an elected head of state, is urging the Government to abolish the ancient Duchy portfolios and pass all revenue and assets to a new national estate to support local communities.

Charles receives an annual private income from the Duchy of Lancaster landed estate of £27 million, while William is entitled to more than £23 million a year from the Duchy of Cornwall.

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