Prince Andrew has lost his rumored £1million annual allowance after the King officially cut him off from his finances, it has been claimed.
In recent weeks, Charles has instructed the Keeper of the Privy Purse, his finance director, to end the Duke of York’s annual personal allowance.
The King also no longer pays for a seven-figure personal security detail or to maintain the 30-room Royal Lodge mansion in Windsor, it is understood.
“The Duke is no longer a financial burden for the King,” a source told the Daily Mail.
The reported move, made in royal writer Robert Hardman’s book Charles III: The New King. A new court. The Inside Story, makes the late Queen’s wish to solve the ‘Andrew problem’ once and for all.
Andrew – long touted as Queen Elizabeth II’s ‘favourite son’ – stepped back as a front-line royal in 2019 following a Newsnight interview that damaged his relationship with late pedophile Jeffrey Epstein.
In addition, he was arrested for several years on the claim that he had sex with 17-year-old Virginia Giuffre – who was sold by Epstein – in London in March 2001.
The couple finally settled out of court in 2022 and Andrew accepted that Giuffre was the victim of abuse. He has denied responsibility and has always denied the allegations.
Sources told Mr Hardman that, had he lived another year, the Queen would have forced Andrew down to Frogmore Cottage, the Duke and Duchess’ former home in Sussex.
It is located within the security ‘ring of steel’ of Windsor Castle and will provide rooms for the Duke and his ex-wife Sarah Ferguson – who lives with him.
This would allow the Duke to be protected while not being a burden on the royal purse.
Despite this advice, Andrew reportedly refused to leave the lodge.
Sources close to the Duke have long confirmed that he has an iron lease on the former Queen Mother’s home which runs until 2078 and could remain there.
And after being stripped of his patronage, military association and effectively barred from using the HRH title in public, the Duke is reportedly determined to stick to his home.
But it will come at a considerable cost and there is a question whether Andrew can self-finance the upkeep of the 19th Century listed building.
They also have to pay for the protection of some valuable and historical works of art and furniture on loan from the existing Royal Collection.
Dubbed the “Royal Lodge Siege”, Andrew reportedly insisted that he had ‘other sources of income’ linked to contacts in international trade, enough to cover all his expenses.
‘If they can find the money then that’s up to them, but if not they will find that the King doesn’t have unlimited patience,’ an insider told the Mail.
Family friends claim that Andrew’s ‘boldness’ about the latest developments has ‘damaged’ the family relationship.
Metro.co.uk has contacted Clarence House for comment.
Contact the news team by emailing webnews@metro.co.uk.
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