King Charles’s property manager’s pay rise comes despite mandate to redirect profits towards ‘public good’

King Charles’s property manager has tripled the pay of its chief executive in three years despite a mandate to return income to the Treasury “for the benefit of the nation”.

The crown estate, an ancient portfolio of land and property across England and Wales, paid Dan Labbad almost £1.6m last year, up by two-thirds from the year before when he took home a pay packet of £945,000.