Meghan Markle and Prince Harry Announce Move to North America, Step Back From Royal Duties
Prince Harry and Meghan Markle have announced their plans to move to North America and are working to become financially independent. Read their bombshell statement here.The couple, who are parents to son Archie Harrison, took to their Instagram to announce that they are taking a step back as senior members of the royal family. They also noted that they're working to "become financially independent.
LONDON— Prince Harry and Meghan Markle’ s surprise decision to quit front-line royal duties has resurfaced an awkward question that Queen Elizabeth has spent years working to smooth over: How is Britain’ s extended royal clan financed ? At a summit at the monarch’ s Sandringham Estate on
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LONDON—Prince Harry and Meghan Markle’s surprise decision to quit front-line royal duties has resurfaced an awkward question that Queen Elizabeth has spent years working to smooth over: How is Britain’s extended royal clan financed?
At a summit at the monarch’s Sandringham Estate on Monday, the 93-year-old queen presided over a meeting to determine how the Duke and Duchess of Sussex can both leave the monarchy while retaining a royal status of sorts after their decision plunged the House of Windsor into confusion.
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The queen said in a statement following the gathering that she was “supportive” of the couple and gave her blessing for them to step back from royal duties to divide their time between the U.K. and Canada. But she added a transition period was needed. “These are complex matters for my family to resolve,” the statement added.
The couple say they want to become financially independent. But given the web of tax, security implications, royal protocol and the political sensitivity of royal finances, it is unclear whether that is possible. Minor members of the royal family have struggled in the past to monetize their links to the monarchy without getting embroiled in scandal or cheapening the royal brand.
Trudeau: Harry and Meghan's Canada move still needs to be worked out
Canada's Prime Minister Justin Trudeau has said there are "still lots of discussions to have" over Harry and Meghan's plans to move to Canada.Speaking to Canadian television network Global News on Monday, Justin Trudeau said there were still details to iron, both in the U.K. and Canada, including security costs.
Prince Harry and Meghan did not consult any royal about making their personal statement, BBC royal correspondent Jonny Dymond was told by palace sources. Buckingham Palace was "blindsided", he said, as talks about their future had begun but were in very early stages.
MEGHAN MARKLE and Prince Harry celebrated sixth-month anniversary of their son Archie Harrison Mountbatten-Windsor' s birth on November 6. But how is the marriage between the Duke and Duchess of Sussex proving to a problem for the royal finances ?
Over the last three decades, the queen has undertaken a balancing act to ensure the monarchy both maintains pomp while avoiding alienating taxpayers who help bankroll the franchise.
She has trimmed excess expense and excess royals, including her younger sons Prince Andrew and Prince Edward, who since the early 1990s haven’t received annual taxpayer grants. They remain, however, still largely under the royal wing and receive funding from the Queen’s private income.
The Duke and Duchess of Sussex say they want to break that mold. On their website they speak of their desire for a “new working model.” They have already applied to trademark “Sussex Royal,” covering a host of items including socks and greeting cards.
However, on their website they state that they expect to keep state-funded security and continue to live in a cottage owned by the Queen and refurbished at a £2.4 million ($3.1 million) cost to taxpayers. They also want to split time between Canada and the U.K., raising logistical questions including whether Prince Harry would have to pay income tax on his earnings.
Meghan Markle and Prince Harry ‘Decided It Wasn’t Necessary’ for Her to Join the Royal Meeting
Prince Harry met with Queen Elizabeth II, Prince Charles, and Prince William on Monday.Harry met with his grandmother, Queen Elizabeth II, his father, Prince Charles, and his brother, Prince William, at Sandringham Estate in Norfolk, England, while his wife and son Archie were thousands of miles away on Vancouver Island in Canada. There was some speculation that Meghan might call in to the meeting, but now royal reporters are clarifying that the 38-year-old duchess was not directly involved in Monday's discussion.
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Meghan Markle and Prince Harry ’ s candid and emotional revelations about the pressures of life in the royal spotlight are being felt by Prince William. William is reportedly “worried” about his brother Harry and sister-in-law Meghan after they opened up about ongoing tabloid rumors and the onslaught of
It isn’t easy outside the royal fold. The Queen’s youngest son, Prince Edward, ran a television production company which has since closed. Prince Edward continues to take part in royal engagements and receives funds from his mother.
Prince Andrew was re-styled as the U.K.’s special envoy for trade but that ended after he struck up a friendship with convicted sex offender Jeffrey Epstein. Last year, he announced he would no longer carry out his trade duties.
Prince Harry and Ms. Markle benefit from having more star power than the other royals. One reason palace officials were so upset by the announcement is that the couple were seen as an asset the family could have used. “They are both very talented,” said one former aide. “This is a real shame.”
Britain’s royals are rich, but not extremely so, said David McClure, an author who has written about royal finances. “They are millionaires, not billionaires,” he says. How rich the family exactly is remains subject to conjecture. Their private investments are largely shielded from public view.
Much of the British monarchy’s wealth is concentrated in the hands of the Queen and Prince Charles, much of whose diverse land holdings are held in trust and help bankroll an extended royal family.
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Prince Harry , Duke of Sussex, KCVO ADC (born Henry Charles Albert David; 15 September 1984) is a member of the British royal family. He is the younger son of Charles, Prince of Wales, and Diana
Prince Harry is worried about Ms. Markle’ s safety and is deeply disappointed that he has not been able to protect her. It is not right that a few months into a relationship with him that Ms. Markle should be subjected to such a storm. He knows commentators will say this is ‘the price she has to pay’ and that
Prince Harry, for instance, is largely funded by his father Prince Charles through the Duchy of Cornwall, the estate of the first in line to the throne. He also inherited money from his mother, the late Princess Diana, and the Queen’s mother.
In 1760, the British monarchy handed over revenue from large tracts of land to Parliament in return for an income from government. Today, that taxpayer payment, known as the sovereign grant, covers the cost of royal duties and maintains several palaces, including Buckingham Palace.
Last year, it amounted £82.2 million. This is fixed as a proportion of the profits made by these lands, which was initially set at 15% but has been temporarily increased to 25% since 2017 to help renovate Buckingham Palace.
The Queen supplements this with two other sources of income: her personal wealth, which is not publicly disclosed, and the Duchy of Lancaster, founded in the 13th century, which comprises £548.6 million of net assets, held in trust mostly in real estate.
Payment to the monarch from the Duchy of Lancaster increased from £13.3 million in 2009 to £20.7 million in 2019. That gives the Queen more financial freedom to support her wider family without recourse to taxpayer money, said Mr. McClure.
Prince Charles meanwhile lives mainly off the Duchy of Cornwall. The Duchy, which dates back to the 14th Century, paid out £21.6 million to him last year on £923.8 million of net assets.
Britain's Harry and Meghan will no longer be working members of royal family - palace
Prince Harry and his wife Meghan will no longer be working members of Britain's royal family and they will not use their "royal highness" titles, Buckingham Palace said on Saturday. © Thomson Reuters Britain's Prince Harry and Meghan, Duchess of Sussex, arrive to attend the WellChild Awards Ceremony in London, Britain, October 15, 2019. REUTERS/Toby Melville/Pool "Harry, Meghan and Archie will always be much loved members of my family," Queen Elizabeth said in a statement, referring to the couple's son.
Prince Harry , the grandson of Queen Elizabeth II, and his wife Meghan on Wednesday said they would leave their roles as senior royals . The pair also said they would seek to become financially independent, and that they would spend more of their time in North America. "We intend to step back
Prince Harry joined his regiment on 8th May 2006, before reporting to The Armour Centre at Bovington in Dorset to begin the Troop Leaders’ Course, his special-to-arm training to become an armoured reconnaissance troop leader. This second phase of his preparatory training included instruction in
The Duchy, which pays no corporation tax, has seen its revenue trend up over recent years. The Duchy of Cornwall funds both Prince William and Prince Harry. Who together received around £5 million last year from their father.
In the 1990s, the House of Windsor went through a rough patch. Prince Charles and Prince Andrew both were divorced. The royal family also botched a response to Princess Diana’s death in a car crash.
That fueled growing media hostility to the taxpayer money handed to the monarchy. Buckingham Palace has since worked hard to push the issue of the royal’s finances onto the back burner.
The family dispensed with the royal yacht. The Queen and Prince Charles volunteered to pay income tax. Expenditures at Buckingham Palace was cut.
The number of royal patronages and affiliations with charities meanwhile has swelled during the queen’s 67-year reign. “It gets them out among the people,” said Frank Prochashka, a historian and monarchy expert at Oxford University. “They know that is what is going to keep them going.”
Royal advisers pushed a new generation of royals to the fore to give the monarchy a more modern feel. Prince Harry and Ms. Markle’s wedding in 2018 marked a high-water mark for a rebrand of the House of Windsor, marrying tradition with a U.S.-born television star.
Last year, royal advisers were already looking at ways to carve out a new role for Prince Harry and Ms. Markle, according to one person close to the family. However, the couple wanted to accelerate the de-merger from the family, the person says, amid growing media scrutiny of their private lives.
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Oprah Winfrey Says She Supports Meghan Markle and Prince Harry's Royal Exit '1,000 Percent' .
Oprah Winfrey Supports Meghan Markle and Prince Harry's Royal Exit '1000%'Oprah Winfrey supports Meghan Markle and Prince Harry‘s royal exit “1,000 percent.