Prince Andrew's 'Rent' is the Ultimate Peppercorn: A Financial Fiasco that's Leaving UK Politicians Red-Faced
The royal who once reigned with pomp and circumstance now finds himself in a peculiar financial bind. Prince Andrew Windsor, formerly known as Andrew Mountbatten, has been paying an astonishingly low rent of "one peppercorn" per year for the 30-room Royal Lodge on Windsor Castle's grounds - a figure that translates to a mere $1.
According to experts, this quaint arrangement dates back centuries when a peppercorn was used as a symbolic sum in English real estate deals. It appears that Prince Andrew has been taking full advantage of this archaic tradition, with one source estimating that the annual peppercorn payment could buy a small grinder's worth of peppercorns.
However, with Prince Andrew facing serious allegations related to his association with convicted pedophile Jeffrey Epstein, lawmakers are now demanding answers about the royal's financial arrangements. "There is considerable and understandable public interest in the spending of public money in relation to Prince Andrew," said MP Geoffrey Clifton-Brown in a letter to the Treasury and Crown.
Despite being stripped of his royal titles in October, Prince Andrew was still receiving taxpayer support for his living expenses at the Royal Lodge. The exact nature of this arrangement remains unclear, with Buckingham Palace stating that the king will privately fund Prince Andrew's life going forward.
Meanwhile, Prince Harry and Prince William are set to move into Frogmore Cottage and Adelaide Cottage, respectively, leaving their former homes on the Windsor grounds behind. It appears that Prince Andrew has been demanding two homes in exchange for his departure from the Royal Lodge - a peculiar twist in this already complicated saga.
As the royal family navigates these unprecedented challenges, one thing is clear: Prince Andrew's financial future is far from certain, and it remains to be seen how he will manage without his royal privileges.
The royal who once reigned with pomp and circumstance now finds himself in a peculiar financial bind. Prince Andrew Windsor, formerly known as Andrew Mountbatten, has been paying an astonishingly low rent of "one peppercorn" per year for the 30-room Royal Lodge on Windsor Castle's grounds - a figure that translates to a mere $1.
According to experts, this quaint arrangement dates back centuries when a peppercorn was used as a symbolic sum in English real estate deals. It appears that Prince Andrew has been taking full advantage of this archaic tradition, with one source estimating that the annual peppercorn payment could buy a small grinder's worth of peppercorns.
However, with Prince Andrew facing serious allegations related to his association with convicted pedophile Jeffrey Epstein, lawmakers are now demanding answers about the royal's financial arrangements. "There is considerable and understandable public interest in the spending of public money in relation to Prince Andrew," said MP Geoffrey Clifton-Brown in a letter to the Treasury and Crown.
Despite being stripped of his royal titles in October, Prince Andrew was still receiving taxpayer support for his living expenses at the Royal Lodge. The exact nature of this arrangement remains unclear, with Buckingham Palace stating that the king will privately fund Prince Andrew's life going forward.
Meanwhile, Prince Harry and Prince William are set to move into Frogmore Cottage and Adelaide Cottage, respectively, leaving their former homes on the Windsor grounds behind. It appears that Prince Andrew has been demanding two homes in exchange for his departure from the Royal Lodge - a peculiar twist in this already complicated saga.
As the royal family navigates these unprecedented challenges, one thing is clear: Prince Andrew's financial future is far from certain, and it remains to be seen how he will manage without his royal privileges.