LONDON - Buckingham Palace has confirmed the coronation of King Charles III will take place in May next year.

Camilla, the Queen Consort, will also be crowned alongside the King.

The Palace said the date was chosen in consultation with the Government, the Church of England and the Royal Household, but no further details have been given on why it was picked.

It remains to be seen how the ceremony will compare to the late Queen Elizabeth's coronation in 1953, but reports suggest it will be significantly less lavish.

It has not yet been confirmed who will attend the ceremony and whether or not Harry and Meghan will be among those invited, or whether they will be able to attend since it will be their eldest child - Archie's - birthday.

Here is what we know:

When is King Charles III's coronation?

King Charles III's coronation will take place on Saturday 6 May, 2023.

It will take place at the historic Westminster Abbey, where the Coronation Ceremony has taken place for the last 900 years.

Charles' coronation will be rooted in traditions that are over a 1,000 years old, while staying in the spirit of what the monarch's role is in the modern world.

He will be crowned alongside Camilla, the Queen Consort.

Will there be a bank holiday?

The coronation falls on a Saturday and it is yet to be confirmed by the government whether that will mean an additional bank holiday.

Large royal events, such as the Queen's Platinum Jubilee earlier this year, are usually declared bank holidays.

The Telegraph has reported that some officials within the government are worried an extra day off could stifle economic growth, with models putting the cost of an extra bank holiday at £1.36 billion.

However, Business Secretary Jacob Rees-Mogg has publicly supported the idea of a bank holiday to mark the coronation, saying: "The coronation is an important symbolic act with constitutional resonance about the stability of our system.

"To have a day off for that is perfectly reasonable, and the effect on growth will not be enormous."

What about previous coronations?

The late Queen's coronation took place almost 16 months after she ascended to the throne following the death of her father, George VI. He died on 6 February, 1952, and her coronation took place on 2 June, 1953.

George VI's own coronation took place five months after he became king (the date was already set for Edward VIII before he abdicated), but the five preceding monarchs all had to wait at least a year before their ceremony.

What will happen at the coronation?

At the age of 73, Charles is the oldest person in British history to become king.

He will be coronated alongside the Queen Consort at Westminster Abbey in London, in a ceremony carried out by the Archbishop of Canterbury.

The Archbishop will anoint, bless and consecrate the new King, in a ceremony which is both deeply religiously significant and solemn and a day of celebration.

Taking the coronation oath, he will promise to rule according to law, to exercise justice with mercy and to maintain the Church of England. However, it is thought Charles may wish to make the ceremony more inclusive of other faiths.

Charles will receive the orb and sceptres, before the Archbishop places the crown on the King's head.

Does Charles's coronation have a codename?

Yes, it is known as Operation Golden Orb, and plans for the event have been discussed for many years.

The Palace said the ceremony will be “rooted in longstanding traditions and pageantry” but also “reflect the monarch’s role today and look towards the future”.

Charles III will be anointed with holy oil, receive the orb, coronation ring and sceptre, be crowned with the majestic St Edward’s Crown and blessed during the historic ceremony.

What about Camilla?

The Royal Family's website says the Queen Consort - the title given to Charles's wife Camilla by the Queen before she died - is crowned with the King "in a similar but simpler ceremony".