The King is bidding the "fondest of farewells" to the nine-carriage royal train said to be Queen Elizabeth II's favourite form of transport.  

The announcement comes as part of the latest financial statement from Buckingham Palace which reveals the annual sovereign grant, which supports the duties of the Royal Family and is funded by the taxpayer, remained at £86.3m.  

In today's Sky News Daily, Gareth Barlow is joined by our royal correspondent Rhiannon Mills to dig into the figures.  
 
Plus, Gareth speaks to former Lib Dem MP and author of And What Do You Do? What The Royal Family Don't Want You To Know, Norman Baker, about why he believes the Royal Family offer a bad deal for Britain. 
 
Producer: Natalie Ktena 
Editors: Rosie Gillott and Philly Beaumont