In announcing that Prince Andrew would no longer use his title or honours, Buckingham Palace hoped to shift the spotlight away from his friendship with Jeffrey Epstein, and the accusations of sexual abuse he has faced (and denied).
The media were encouraged to focus instead on King Charles’s visit to the Vatican, and the royal family’s good works. But this strategy has failed. Revelations about Prince Andrew’s living arrangements and finances have whetted the appetite for more.
One such revelation is his royal residence. Andrew has a 75-year lease from the crown estate on Royal Lodge, a large house in Windsor Great Park. The Times published the lease, revealing that he paid £1 million for it plus a minimum of £7.5 million in refurbishments. In return for this very large upfront cost, Andrew pays an annual rent of “one peppercorn (if demanded)”.
The crown estate is a statutory corporation operating under the Crown Estate Act 1961 (as amended in 2025), which manages a huge property portfolio including Regent Street in London and most of the foreshore around the coast, generating a big income from wind farms.
Its net revenue profit – which in 2023-24 amounted to £1.1 billion – is paid to the Treasury. The government uses 12% of the profits to fund the sovereign grant, which provides financial support for the monarchy.
Read more: Why Prince Andrew is still a prince – and how his remaining titles could be removed
Since 2019, when he ceased to be a working royal, Prince Andrew no longer receives any public funding from the sovereign grant. Mysteries about his sources of income may be hard for the palace to dispel without being more transparent about the royal finances more generally.
One particular area of interest is the Duchy of Lancaster, which last year provided King Charles with £27 million of his income. The palace website states that this is “a portfolio of land, property and assets held in trust for the sovereign. Its main purpose is to provide an independent source of income, and is used mainly to pay for official expenditure not met by the Sovereign Grant (primarily to meet expenses incurred by other members of the Royal Family).”
Prior to the sovereign grant, the monarchy was funded through the civil list. This was an annual sum of money voted by parliament, which included the annuities received by other members of the royal family.
Since the Sovereign Grant Act 2011, those annuities are no longer published. The Duchy of Lancaster’s annual report and accounts gives lots of detail about the Duchy’s income, but none about its expenditure.
The Liberal Democrat leader Sir Ed Davey MP has called for a select committee inquiry to “properly scrutinise” the crown estate, and Baroness (Margaret) Hodge, former chair of the public accounts committee, has called for greater transparency about the royal finances.
What next for Andrew?
The nine commissioners who manage the crown estate’s holdings are property experts who operate independently of government and the crown. They cannot simply terminate Prince Andrew’s lease, but there is mounting pressure on him to relinquish the lease voluntarily.
When it comes to his remaining titles, both the palace and UK government will be desperate to close the story down and move on. The government took the line that it was all a matter for the king and the palace.
Sir Alan Campbell, leader of the House of Commons, said: “The question of [Andrew’s] titles is primarily a question for His Majesty. I know there has been speculation about legislation, but the palace has been clear it recognises that there are other matters this House needs to be getting on with, and we are guided in this by the palace.”
In practice, the palace will also be guided by the government, which will be keen to avoid legislation if at all possible. Short of legislation, there is little more the palace can do.
The king could issue letters patent declaring that Prince Andrew is no longer His Royal Highness. He could also give an undertaking that Andrew would never be called upon to serve as a counsellor of state, deputising for the monarch in his absence.
If public anger remained unabated, and legislation was deemed unavoidable, a short bill could be prepared to strip Andrew of his peerage titles and remove him as a counsellor of state. It could be passed relatively quickly: the Counsellors of State Act 2022, which added Princess Anne and Prince Edward to the list of potential counsellors of state, went through all its Commons stages in a single day.
The finances are trickier. The Commons public accounts committee may hold a single evidence session just on Andrew’s finances, or launch a wider inquiry.
It may be hard to avoid the latter. Having made public the lease on Royal Lodge, the crown estate may find it difficult to refuse to disclose the leases on other properties occupied by the royal family, or other information about its finances.
If parliament decides to launch a wider inquiry, the payments to other members of the royal family funded by the Duchy of Lancaster would be an obvious place to start.
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Robert Hazell does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
This article was originally published on The Conversation. Read the original article.
