THE monarchy is to receive a boost of more than £45 million, with a 53 per cent jump in its official annual income to more than £130m, officials revealed today.

Soaring profits from the Crown Estate to £1.1 billion means the taxpayer-funded Sovereign Grant, which supports the official duties of the royal family, will increase from £86.3m in 2024-25 to £132m in 2025-26.

Officials said the increase will help fund the final stages of the 10-year £369m renovation of Buckingham Palace, keeping it on time and budget.