Public finance stories

Jun 25, 2026

King Charles III will not live at Buckingham Palace after £369 million refurbishment, reveals tax payments in historic first

King Charles III announced he will not move into Buckingham Palace after its 10-year, £369 million renovation completes in 2027, ending nearly 200 years of it serving as the monarch's primary residence. Separately, Buckingham Palace released the King's tax details for the first time in modern history, showing he has paid over £13 million ($17 million) in taxes.

Jun 25, 20266 sources

Jun 22, 2026

Germany proposes major pension reform linking retirement age to life expectancy

German Chancellor Friedrich Merz is pushing a comprehensive 33-point pension reform plan that would gradually raise the retirement age in line with life expectancy and require increased contributions, drawing mixed reactions from across the political spectrum.

Jun 22, 20263 sources