Royals cost each taxpayer 62p

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The total cost of keeping the monarchy in the year to March 31 fell by 0.3% to £37.3 million, royal accountants said.

The fall in expenditure was mainly due to a reduction in the refurbishment costs at the Palace of Holyroodhouse in Scotland, offset by increased costs in dealing with a greater number of freedom of information inquiries.

The accounts revealed the Royal Household is following the "leadership" of the Prince of Wales and has started to calculate its carbon footprint and ways to reduce it.

Charles's own financial figures were released this week, showing he is carbon neutral and has cut his CO2 emissions by 9% over the last year.

The report included for the first time the heir to the throne's carbon footprint, which was found to be 3,425 tonnes of CO2.

Keeper of the Privy Purse Alan Reid said: "Following the leadership of the Prince of Wales, the Royal Household has started working on measuring its carbon footprint and is developing further action plans for reducing it.

"Success has been achieved in reducing carbon emissions on gas and electricity by 1,000 tonnes, or 12% during the year, through lower energy consumption and the introduction of a new combined heat and power plant at Windsor Castle."