The millionaire amount King Charles III will spend for his coronation party

King Charles III acceded to the throne in September after the death of his mother Elizabeth II, but will not be formally crowned until an official ceremony to be held on May 6th at London’s Westminster Abbey.

Initially it had been assured that the magnitude of the event would be considerably reduced to adapt to the plan to modernize the monarchy that Charles outlined some time ago and which is based on two principles: austerity and fewer people on the list of members of the royal family receiving public funds.

However, it seems that the strategy changed after Buckingham Palace checked the media coverage that Charles’ mother’s funeral received around the world.

The government also agrees that the coronation is a unique opportunity to publicize the institution and promote the ‘Great Britain‘ brand.

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The guest list is likely to be much shorter than the one Queen Elizabeth had at the time; probably 2,000 people, a quarter of the 8,000 who witnessed the late Queen’s coronation.

On the other hand, only elements that are considered old-fashioned or cumbersome will be eliminated from the ceremony, the Daily Telegraph notes, and the idea is for the whole event to be ‘one of a kind‘, without forgoing the gala and ‘in the best tradition of the country’s 1,000-year history’. Despite this, the king is ‘deeply aware’ of the current crisis and the rising cost of living, so he wants to be able to justify every penny.