November 2nd 2024.
According to sources, the King has made the decision to end Prince Andrew's yearly allowance. This decision comes after recent reports that the Duke of York has lost his rumored £1 million annual allowance. It is believed that the King has instructed the Keeper of the Privy Purse, his finance director, to put an end to the Duke's personal allowance.
Not only has the King stopped providing financial support for Prince Andrew's personal expenses, but he has also cut off funding for his private security detail and his 30-room Royal Lodge mansion in Windsor. Sources close to the royal family have revealed that the King no longer sees the Duke as a financial burden.
This move by the King is said to be in line with the late Queen's wishes to resolve the "Andrew issue" once and for all. The King's decision has been documented in royal writer Robert Hardman's book, Charles III: New King. New Court. The Inside Story.
It is no secret that Andrew, who has long been considered the Queen's favorite son, has been facing backlash and scrutiny since his disastrous Newsnight interview in 2019. The interview delved into his relationship with the late convicted sex offender Jeffrey Epstein. As a result, the Duke stepped back from his role as a frontline royal and has since faced numerous challenges and controversies.
Despite the King's decision to cut off his financial support, Prince Andrew remains a member of the royal family. He will continue to carry out his duties as a Duke, but without the financial assistance from the King. This marks a significant change in the Duke's financial standing within the royal family and is seen as a way for the King to distance himself from the controversies surrounding Prince Andrew.
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