Kings Charles profits from dead people, according to an investigation by The Guardian.
In response Abolish the Monarchy began to trend on social media platform X.
His wealth was reported earlier this year.
Kings Charles Profits From Dead People
Republic wrote on X: “BREAKING NEWS: @guardian have uncovered that Charles and the Duchy of Lancaster have been using dead people’s cash for their own personal profit.:
How does he profit?
The newspaper reported that the king is profiting from the deaths of thousands of people in the north-west of England.
They claim their assets are secretly being used to upgrade a commercial property empire managed by his hereditary estate,
Financial assets known as bona vacantia, owned by people who died without a will or known next of kin, are then collected by the duchy.
Over the last 10 years, it has collected more than £60m from this archaic system.
After deducting costs, bona vacantia wealth are then donated to charities, it is claimed.
However, only a small percentage of these revenues is being given to charity the paper claims.
Andy Burnham
In response to the story Andy Burnham said: “I think many people in the north-west will be surprised to learn that the savings and assets of friends and neighbours are being taken in this way”
Burnham said in a statement. “I don’t recall this archaic system ever being explained to anyone here nor public consent for it being given.
“This appears to be a bizarre remnant of feudal Britain. While we await the public acts of levelling up that we have been promised, it seems this country still has silent mechanisms of levelling down at work, redistributing wealth in the wrong direction.”
Burnham added: “At the very least, people in the north-west are owed transparency and accountability. They should also have a say on how these proceeds are used. I would call on the government and the Duchy of Lancaster to initiate a public consultation on this issue to work towards a set of arrangements that could command greater public consent.”
Related: King Charles: ‘Insulting’ child sexual abuse payments issue brings past friendship under spotlight
