Funded yes*, but blood? Come on. Who are the British people shedding blood to defend him from, exactly? Upvoted cause it's amusing, but it's a bit exaggerated.
*The British royal family and how they're funded is a whole thing. If they lost their titles but kept their possessions they'd arguably be richer than they are currently. You could reasonably dispute their right to their possessions, so I'm not gonna argue either way, though.