The Duke and Duchess of Sussex's surprise announcement that they plan to step back from royal duties and 'transition into a new working model' has raised many questions -- not least, how they plan to support themselves.
According to the statement, the couple receive 5 percent of their income from the Sovereign Grant -- a lump sum of UK taxpayers' money given to the Queen every year -- and 95 percent from the Duchy of Cornwall, the private estate controlled by Prince Charles, Harry's father.
In exchange for this public support, the Queen surrenders the revenue from the Crown Estate, a collection of UK properties and farms that generate hundreds of millions of pounds a year, to the government. Under the current structure and financing arrangements the couple are not allowed to earn any income in any form.of public money spent on renovations to Frogmore Cottage,
The duchy was established by King Edward III in 1337 in a charter that ruled that each future Duke of Cornwall would be the monarch's eldest surviving son and heir to the UK throne, currently Prince Charles. She rose to fame as Rachel Zane in the US legal drama Suits, but her popularity also grew through her hugely popular Instagram account and her successful lifestyle blog -- The Tig -- both of which have since been closed.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Prince Harry and Meghan to ‘step back’ from roles as senior royal family members‘We now plan to balance our time between the United Kingdom and North America’
Read more »
Prince Harry and Meghan 'stepping back' as senior royalsPrince Harry and his wife Meghan have announced they plan to step back from their roles as 'senior' members of the Royal Family while working to become 'financially independent.'
Read more »
Prince Harry and Meghan officially thank CanadaJanice Charette, Canada's High Commission to the U.K., discusses the royal couple's vacation and their deep connection to Canada.
Read more »
‘Thank you’ Canada: Prince Harry and Meghan delighted by hospitality during B.C. holiday stay'Thank you' Canada: Prince Harry and Meghan delighted by hospitality during B.C. holiday stay
Read more »
'What a beautiful place you live': Harry and Meghan thank Canada for holiday stayThe Duke and Duchess of Sussex made their return to official duties Tuesday with a visit to Canada House in London, England, thanking the staff for their holiday stay in British Columbia, which they called ‘beautiful.’
Read more »