Official accounts have revealed for the first time how much the King’s 2023 coronation cost UK taxpayers.
According to the accounts, the government spent £72m on the coronation – the first in Britain since Queen Elizabeth II’s in 1953.
The figure includes £50.3m of costs attributed to the Department for Culture, Media and Sport (DCMS), which coordinated the coronation, and £21.7m in costs for the Home Office for the policing of the event.
By comparison, Queen Elizabeth II’s funeral and events during the period of national mourning cost the government an estimated £162m – £74m for the Home Office and £57m for the DCMS as well as costs to the devolved governments.
The figures come from the culture department’s recently released annual report and accounts.
The department said it had “successfully delivered on the central weekend of His Majesty King Charles III’s Coronation, enjoyed by many millions both in the UK and across the globe”.
Image: People walk past a souvenir shop during the coronation. Pic: Reuters
It described the event as a “once-in-a-generation moment” which provided an occasion for the “entire country to come together in celebration”.
Both the King and Queen were crowned at Westminster Abbey in May last year, in a ceremony attended by dignitaries from around the world.
A star-studded concert at Windsor Castle, featuring Take That and stars such as Olly Murs, Katy Perry and Lionel Richie, took place the following night.
Advertisement
It had been described ahead of the event as being a “slimmed-down affair” – with the country still in the grips of the cost-of-living crisis – and accounts show an “underspend” related to the coronation of around £2.8m.
Image: Olly Murs performing at the Coronation Concert. Pic: Reuters
Did coronation boost the economy?
Despite talk of a coronation boost, the UK’s economy actually contracted in the month of May 2023.
However, experts said that was mostly due to the cost of the additional public holiday for the event, which weighed on output.
Each bank holiday costs the UK economy around £2.3bn, with the extra bank holiday for the late Queen’s funeral estimated to have cost around £2.4bn, according to government figures.
With the extra coronation bank holiday, data from the Office for National Statistics (ONS) showed negative growth of 0.1% during May 2023.
However, that was slightly better than economists had predicted ahead of the event.
Prior to the event, economic forecasters, the Centre for Economics and Business Research (CEBR), had predicted a boost of £337m for the UK’s economy due to the coronation – including £104m in extra pub spending and an estimated £223m spend from tourism to the UK during the period.
Hotel revenue was also said to be up by 54% compared to the same point in the previous year, while bookings for UK-bound flights for the coronation weekend jumped by 149% within 24 hours of the day being announced, according to TravelPort.
When the sun sets on Scunthorpe this Saturday, the town’s steelworks will likely have a new boss – Jonathan Reynolds.
The law that parliament will almost certainly approve this weekend hands the business secretary the powers to direct staff at British Steel, order raw materials and, crucially, keep the blast furnaces at the plant open.
This is not full nationalisation.
But it is an extraordinary step.
The Chinese firm Jingye will – on paper – remain the owner of British Steel.
But the UK state will insert itself into the corporate set-up to legally override the wishes of the multinational company.
Please use Chrome browser for a more accessible video player
3:23
Govt to take control of steel plant
A form of martial law invoked and applied to private enterprise.
Image: A general view shows British Steel’s Scunthorpe plant.
Pic Reuters
Political figures in Wales are now questioning why nationalisation wasn’t on the table for this site.
The response from government is that the deal was done by the previous Tory administration and the owners of the South Wales site agreed to the terms.
But there is also a sense that this decision over British Steel is being shaped by the domestic and international political context.
Labour came to power promising to revitalise left-behind communities and inject a sense of pride back into places still reeling from the loss of traditional industry.
With that in mind, it would be politically intolerable to see the UK’s last two blast furnaces closed and thousands of jobs lost in a relatively deprived part of the country.
Image: One of the two blast furnaces at British Steel’s Scunthorpe operation
Reform UK’s position of pushing for full and immediate nationalisation is also relevant, given the party is in electoral pursuit of Labour in many parts of the country where decline in manufacturing has been felt most acutely.
The geo-political situation is perhaps more pressing though.
Just look at the strength of the prime minister’s language in his Downing Street address – “our economic and national security are all on the line”.
The government’s reaction to the turmoil caused by President Donald Trump’s pronouncements on tariffs and security has been to emphasise the need to increase domestic resilience in both business and defence.
Becoming the only G7 nation unable to produce virgin steel at a time when globalisation appears to be in retreat hardly fits with that narrative.
It would also present serious practical questions about the ability of the UK to produce steel for defence and the broader switch to green energy production.
Then there is the intriguing subplot around US-China trade.
While this decision is separate from discussions with the White House on tariffs, one can imagine how a UK move to wrestle control of a site of national importance from its Chinese owner might go down with a US president currently engaged in a fierce trade war with Beijing.
This is a remarkable step from the government, but it is more a punctuation mark than a full answer.
The tension between manufacturing and decarbonisation remains, as do the challenges presented by a global economy appearing to fragment significantly.
But one thing is for sure.
As a political parable about changes to traditional industry and the challenges of globalisation, the saga of British Steel is hard to beat.
Teachers in England are once again gearing up for potential strike action after an overwhelming majority of National Education Union (NEU) members rejected the government’s latest pay offer.
In an electronic ballot, 93.7% of respondents turned down the proposed 2.8% pay rise, labelling it inadequate and unfunded.
If the pay offer had been accepted, schools would have had to find the money from existing budgets to pay for the increase – with many saying they are already overstretched.
Some 83% of teachers said they would be willing to take industrial action to secure a better deal.
Image: Daniel Kebede, general secretary of the NEU. Pic: PA
The vote, which included 134,487 teachers in state schools across England (a turnout of 47.2%), was a clear signal that union leaders are not backing down.
In a statement after the vote, Education Secretary Bridget Phillipson said a move towards industrial action by teaching unions “would be indefensible”, given work being done to increase school attendance and urged the NEU to “put children first”.
NEU general secretary Daniel Kebede said years of what he called “real-terms pay cuts” had left the profession in crisis.
He also took aim at the government’s decision not to fund the offer centrally.
“This will only make things worse,” Mr Kebede said. “Our members tell us every day of the desperate state their schools are in due to lack of funding.”
The union says the offer falls below inflation and lags behind private-sector wage growth.
But critics argue strike threats will only cause more damage to students still recovering from the disruption of the pandemic.
The union’s national executive is due to meet at its Harrogate conference next week, and all eyes will be on whether full-blown strike action will be announced.
Those unfamiliar with Scotland’s so-called ‘ferry fiasco’ would barely believe it is a true story.
The new vessels cost quadruple their original price tag, one was delivered seven years late, the other is still being built, and both are too big to fit the main harbour for their daily journeys to and from the Isle of Arran.
But in this latest chapter of the scandal, the unbelievable is very much part of the script. And, as Sky News has been hearing, the consequences are brutal.
“It is completely and utterly nuts,” one exasperated campaigner exclaims as we stand overlooking the deserted Ardrossan Harbour on Scotland’s mainland.
Image: The town has been hit hard by the temporary closure of the harbour
Image: The new ferries are too big for the harbour’s jetty and require an £80m upgrade
Image: Ferries are being diverted along the coast to Troon and locals say businesses in Ardrossan are suffering
Ardrossan, on the Ayrshire coast, has been the main port for the ferry service to and from Arran for decades. It is the quickest, most efficient route.
But the 30-year-old ferry serving the islands for generations is failing and two new bespoke-designed ones were ordered, with them due to enter service from 2017.
Image: Ardrossan has operated a ferry service to and from Arran for decades, as it is the quickest, most efficient route
The original £100m cost ballooned to £400m, the shipyard was bought by taxpayers amid financial crisis, one vessel finally started carrying passengers in January 2025 while the other is still being built.
More on Scotland
Related Topics:
And to add insult to injury, both are too big for Ardrossan Harbour’s jetty to cope with and require an £80m upgrade.
In the meantime, services are being diverted along the coast to Troon.
Image: Ardrossan is the innocent victim of several costly blunders linked to the new ferry service
Protest as tensions rise in ‘ghost town’
Ardrossan was promised it would remain the primary port for connectivity to Arran. But now the community is in limbo and is fearing for its future.
Christine Cowie, from Save Ardrossan Harbour, told Sky News: “It is completely and utterly nuts.
“Why anybody would commission a ferry which doesn’t fit the harbour for the route it is meant for is crazy. I cannot understand it at all.
“Ardrossan is like an extension of Arran. A lot of people come here to the dentist and use other businesses they don’t have on the island which are losing money since the ferries have gone away.”
Image: Christine Cowie from Save Ardrossan Harbour says Ardrossan is fearing for its future
A botched design process, mismanagement and a string of costly blunders have given the project the label of one of the biggest procurement disasters in the history of Scottish devolution.
People from Arran are joining Ardrossan campaigners on the mainland for a protest on Saturday. Hundreds are expected to gather as tensions boil over.
The group’s chairwoman Frances Gilmour said Ardrossan has become a “ghost town”.
She said: “It is so quiet. It is spooky. It’s frankly a disgrace. Businesses are suffering.
“Economically, this is the route. This is the economic route. We have the infrastructure. We just need the berths fixed.”
Image: Frances Gilmour thinks Ardrossan has become a ‘ghost town’
The 33-year-old MV Caledonian Isles, which has been away over the winter for extensive repairs, is expected to return to Ardrossan next month. But locals question how reliable and sustainable that vessel is.
On the edge of the once bustling harbour carpark is the Bute MOT garage.
Manager Scott Revans says they rely on customers from Arran previously hopping off the ferry and leaving their car for repairs at their centre.
He told Sky News: “The harbour is a ghost town. We’d get the passing trade doing whatever customers need from batteries to punctures. It has had an impact on us.”
Image: Scott Revans, who manages a garage, has been hit by a drop in passing trade from Arran
Could taxpayers pick up the bill?
Ardrossan Harbour is owned by private company Peel Ports.
The Scottish government is currently exploring buying the port, but the talks are a secret, with campaigners feeling left in the dark.
No one involved in the discussions would answer questions from Sky News about when they expect to alert communities to the next steps.
Image: One of the two new ferries, the Glen Sannox, entered service in January but is too big to fit the main harbour. Pic: PA
A spokesman for the Scottish government agency Transport Scotland said: “We absolutely understand people and communities’ views in favour of retaining Ardrossan as the mainland port and remain committed to ensuring the Arran ferry service is fit for the future.
“The Scottish government has instructed officials… to explore options on purchasing Ardrossan Port.
“We will of course update parliament once there is progress and an outcome to report, however, it would be inappropriate to get in the way of these complex and sensitive discussions.”
Jim McSporran, port director at Peel Ports Clydeport, said: “Peel Ports Group welcomes the Scottish government’s statement that it intends to explore the potential purchase of Ardrossan Harbour.
“Regardless of the outcome of this process, our willingness to invest in the harbour remains steadfast. We take comfort that the port continues to operate this lifeline route and that it remains the port of choice for the people and businesses of Arran and Ardrossan.”