The official coronation ceremony of King Charles III will take place on Saturday, 6 May, 2023 at Westminster Abbey.
The ceremony will see Charles officially crowned as the reigning monarch haven ascended to the throne following the death of Queen Elizabeth II in September 2022.
In a break from previous plans, Camilla will also be crowned as Queen, after she was initially set to use the title of Queen Consort.
But how much will the coronation cost? Who will cover the cost of the ceremony?
Read on below for everything you need to know about the cost of King Charles’ coronation.
How much will the coronation cost?
The Operation Golden Orb committee, which is in charge of planning the coronation ceremony, estimates that the event could cost around £100million, despite Charles having a smaller guest list of around 2,000 people.
In 1953, Britain was recovering from paying off costs for the Second World War, with food rationing still in place, ye Winston Churchill’s government spent £1.5million on the Queen’s coronation.
‘In today’s money the 1953 coronation cost around £50million but estimates for King Charles’s are twice that because of things like security, which weren’t such a big issue back then
‘But worldwide TV rights will more than cover the cost and it will be a massive boost to tourism. Hotels are already being booked out for the coronation weekend’, a source told The Sun.
Who pays for the coronation?
Because it is a state event, Charles’ coronation will be paid for by the Government, using taxpayers’ money.
Cabinet Office minister Oliver Dowden previously said that the King and the government are ‘mindful of ensuring that there is value for the taxpayer’.
He said: ‘It has always been the case that the government have paid for Coronations. The reason for doing so is that the sovereign is our Head of State and it is important that we mark that properly.
‘It is right that we celebrate this moment in the life of our nation and do so in an appropriate fashion and in away that the nation can come together in celebrating.
‘These are moments in the life of our nation. They bring joy to millions of people. They also mark us out as a nation around the world.
Read More: How much will King Charles’ coronation cost UK taxpayers?