Monday 15 June 2026
FTSE 100 10,488.34 +1.79%S&P 500 7,431.46 +2.26%Nasdaq 25,888.84 +2.86%Dow 51,202.26 +2.57%Nikkei 225 69,317.50 +4.99%Gold $4,362.30 +2.91%Silver 70.82 +4.19%Brent Crude Oil $83.11 -4.83%Dollar Index 99.54 -0.21%GBP/USD 1.3428 +0.10%GBP/EUR 1.1566 -0.16%GBP/AUD 1.8988 -0.23%Bitcoin (USD) $65,598 -0.17%Ethereum (USD) 1,720.52 -0.23%FTSE 100 10,488.34 +1.79%S&P 500 7,431.46 +2.26%Nasdaq 25,888.84 +2.86%Dow 51,202.26 +2.57%Nikkei 225 69,317.50 +4.99%Gold $4,362.30 +2.91%Silver 70.82 +4.19%Brent Crude Oil $83.11 -4.83%Dollar Index 99.54 -0.21%GBP/USD 1.3428 +0.10%GBP/EUR 1.1566 -0.16%GBP/AUD 1.8988 -0.23%Bitcoin (USD) $65,598 -0.17%Ethereum (USD) 1,720.52 -0.23%
Advertisement
Follow News in 60 on Facebook
UK Weather
London 16°C Partly CloudyBirmingham 12°C Partly cloudyManchester 13°C Partly CloudyNewcastle 13°C OvercastBristol 18°C Partly CloudyCardiff 16°C CloudyEdinburgh 12°C Partly cloudyBelfast 13°C Overcast

Royal Finances Under Scrutiny as Andrew Sub-Lets Cottages

Advertisement
Follow News in 60 on Facebook

A recent report by the National Audit Office has revealed that Andrew Mountbatten-Windsor, the Duke of York, was sub-letting three cottages on the Royal Lodge estate, which he leases from the Crown Estate. This arrangement has raised eyebrows, particularly as it involves public funding for royal properties. The report highlights that while Andrew has moved to Sandringham, he retains the lease on Royal Lodge until 2026, allowing him to continue profiting from these sub-lettings.

The implications of this arrangement extend beyond mere financial transactions. Critics argue that public money is being used to subsidise luxury living for non-working royals, with former Home Office minister Norman Baker calling it “outrageous.” This scrutiny comes at a time when the monarchy faces increasing pressure to justify its funding and relevance in modern society.

Moreover, the report indicates that the King pays for the accommodation of Andrew’s daughters, Princesses Eugenie and Beatrice, in royal palaces, further complicating the financial landscape of royal residences. The public’s perception of royal privilege may shift as more details emerge, potentially leading to calls for reform in how royal properties are managed and funded.

As the Public Accounts Committee prepares to investigate further, the future of royal finances hangs in the balance. This could lead to significant changes in how the monarchy operates, particularly regarding transparency and accountability in its financial dealings.

Source: BBC News

Read more Money news →

Leave a comment

Your email address will not be published. Required fields are marked *