‘No one wants to see the Sussex name on a tub of margarine’: Harry and Meghan are told to put a brake on their money-making plans – but friends of Charles warn them he ‘doesn’t have unlimited resources’
- Palace aides will clamp down on couple using their titles to line their pockets
- There are fears Harry and Meghan will ‘cash in’ on royalty as they quit duties
- Prince Charles is also reluctant to foot the bill for his son’s detached lifestyle
Prince Harry and Meghan Markle will be hamstrung with strict rules to prevent them from cashing in on their royal titles as they move to become ‘financially independent’, insiders revealed last night.
After two hours of talks between the Queen and Princes Charles, William and Harry at Sandringham today, Her Majesty allowed the Duke and Duchess of Sussex to quit their Royal roles.
In a historic statement she said: ‘Harry and Meghan have made clear that they do not want to be reliant on public funds in their new lives.’
It appears to give the couple licence to pursue private commercial deals, with experts predicting their global brand could be worth an eye-watering £400million.
But aides continuing to work around the clock to thrash out a viable funding blueprint are expected to clamp down on Harry and Meghan using their titles to line their pockets.
Prince Harry and Meghan Markle will be hamstrung with strict rules to prevent them from cashing in on their royal titles as they move to become ‘financially independent’, insiders revealed last night
The Duke of Sussex faced the Queen, his brother and his father (pictured leaving tonight) for the first time since quitting as a senior royal with Meghan ‘dialling in’ to support her husband from Canada
One figure told the Daily Mail’s Richard Kay: ‘There will be strict instructions on branding, for example. No one wants to see the Sussexes’ name on a tub of margarine.’
This was a deliberate nod to what happened in the aftermath of Diana’s death when her memorial fund began endorsing cash-raising schemes that appalled the public.
Harry may not also be able to rely on the bank of Dad to prop him up, with sources close to Prince Charles claiming he is not prepared to foot the bill of his youngest son’s new lifestyle.
Harry and Meghan currently get £2million a year from the Prince of Wales’ Sovereign Grant fund.
The first-in-line has already lavished a small fortune on his younger son, from his wedding to the fitting out Frogmore cottage – the Windsor house he is now largely going to vacate when he uproots to North America.
A friend says: ‘He doesn’t have unlimited resources. Harry needs to know that.’
Aides were today believed to have laid bare the punitive taxes Harry could face if he presses ahead with his plan to move to Canada.
Prince Harry (pictured leaving today), Prince William and Prince Charles have left Sandringham tonight in separate cars after more than two hours of crunch talks with the Queen
The Queen (pictured attending church at Sandringham on Sunday), made clear her deep disappointment at Harry and Meghan’s decision to quit in a statement released tonight
But the pair are already millionaires. Their joint wealth is estimated to be around £18million, according to writer David McClure, who has investigated royal finances.
Harry inherited nearly £7 million from his late mother Diana, Princess of Wales, but this will have grown with investment, and he is also thought to have had an inheritance from the Queen Mother, so is believed to have around £10-15 million.
The duchess, said to be worth £2-3 million, pocketed a reported £333,000 per season for six runs of the legal drama Suits, as well as earning an income from feature films and fashion collections.
In a glimpse at what the couple’s new ‘financially independent’ role could be, Meghan brokered a voiceover deal with Disney before going on her Christmas break to Canada.
After her one-to-one with Harry – followed by two hours of ‘calm’ discussions with him, Charles and William – Her Majesty agreed to a ‘transition period’ where the Duke and Duchess would wind down their Royal engagements as they spend more time in Canada.
The Queen’s statement in full this evening after a day of showdown talks to decide the futures of Prince Harry and Meghan Markle
The monarch said: ‘Today my family had very constructive discussions on the future of my grandson and his family.
‘My family and I are entirely supportive of Harry and Meghan’s desire to create a new life as a young family.
‘Although we would have preferred them to remain full-time working members of the Royal Family, we respect and understand their wish to live a more independent life as a family while remaining a valued part of my family.
‘Harry and Meghan have made clear that they do not want to be reliant on public funds in their new lives.
‘It has therefore been agreed that there will be a period of transition in which the Sussexes will spend time in Canada and the UK.
‘These are complex matters for my family to resolve, and there is some more work to be done, but I have asked for final decisions to be reached in the coming days.’
The Queen, who is desperate to chart a way out of the crisis raging through the Family ranks, has ordered courtiers to double down efforts to develops blueprint for the Sussexes future, to be completed within days.
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