Calls for inquiry into all royal finances after Andrew subletting revelations Campaigners are demanding a public inquiry and significant reforms to royal finances after Prince Andrew received an undisclosed private income from subletting Royal Lodge cottages while paying a nominal rent. A National Audit Office report confirmed the income but did not ascertain the exact amount, fueling calls for a comprehensive investigation into all royal finances, not just Prince Andrew’s. Concerns are also raised about other royals benefiting from publicly owned properties and subsidized accommodation.

• Prince Andrew received undisclosed private income from subletting Royal Lodge cottages while paying a peppercorn rent.
• The National Audit Office (NAO) confirmed the rental income but could not determine the exact amount charged.
• Campaign groups and former ministers are calling for a public inquiry into all royal finances and a reform of royal accommodation.
• Princesses Beatrice and Eugenie also live in royal palaces with their rent privately paid by King Charles.
• The Crown Estate, a public property portfolio, is managed for public benefit, with profits going to the Treasury.
• A proportion of Crown Estate profits, the Sovereign Grant, funds royal official duties.
• Prince Andrew paid a £1m premium and £7.5m for renovations for his Royal Lodge lease.
• Sources suggest subletting did not generate profit but covered maintenance costs.
• Concerns are raised about the perception of royals receiving favorable deals or profiting from publicly owned property.
• The complexity of royal property ownership and funding mechanisms hinders public understanding.