King Charles III has decided to retire the historic Royal Train, a cherished mode of transport used by Queen Elizabeth II, as part of efforts to modernize the monarchy and reduce expenses.

The decision to discontinue the train service was announced by James Chalmers, the Treasurer for King Charles III, in the annual budget report released on June 30, 2025.

The decommissioning will occur ahead of a maintenance contract ending in early 2027, with the royal family planning to rely on two new helicopters for travel.

Royal travel costs have risen significantly, totaling £4.7 million, with expensive trips including a £401,000 state visit to Samoa by the King and Queen.

Despite the Sovereign Grant remaining steady at £86.3 million for the fourth consecutive year, royal travel expenses increased by £500,000, highlighting ongoing financial management challenges.

This decision reflects a broader effort by King Charles to slim down the monarchy and address public concerns about the costs associated with royal expenditures.

The royal accounts also highlighted green initiatives, such as the conversion of official vehicles to bio-fuel and an impressive 84% recycling rate of royal household waste.

William's Duchy of Cornwall reported a private income of nearly £23 million and is reviewing its rent policies for charities, waiving rents for grassroots organizations.

Campaign group Republic has criticized the monarchy's costs, advocating for greater transparency and government accountability regarding royal expenditures.

The annual accounts covered a challenging year for the royal family, following significant health challenges faced by King Charles and the Princess of Wales.

Despite controversies surrounding royal funding, experts argue that it is relatively small compared to the overall state budget and provides significant cultural benefits to the UK.

The Duchy of Cornwall has published its Annual Report, emphasizing a commitment to Net Zero by 2032 and investments in community development and environmental initiatives.