King Charles III Will Need to Keep Costs Down

Sept. 13, 2022 6:03 am ET

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LONDON—King Charles III is promising a slimmed down, less expensive monarchy—an effort especially important at a time when the U.K. economy is struggling and Britons are facing the highest inflation in a generation.

The monarchy and the British government, which provides significant financial support for the institution, have long faced a careful balancing act: Both have worked to maintain the pomp and circumstance of the institution while avoiding looking profligate.

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