King Charles is planning on asking more members of the Royal Family to vacate their London accommodation as he plans to let the houses out for profit, according to sources. Some royals enjoy subisided accommodation in the capital, or their "London pads", but now Charles is King this is about to change.
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The source told the Evening Standard of the eviction plans and said: "Properties will be let at commercial rates going forward and to people outside the family. Where it is in a palace environment they will of course be security vetted."
The insider did not state what royals were at risk, or which London residences would be targeted.
A number of members of the Firm currently live at either Kensington Palace or St James's Palace in Westminster which are both split into a series of apartments.
Princess Anne, the King's sister, uses St James's Palace as her official London residence when she is in the capital.
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The Prince of Wales and Princess Alexandra also use the Palace as their London residence.
Princess Beatrice, the eldest daughter of Prince Andrew, lives in St James's Palace in a spacious four-bedroom apartment.
She lives their with her husband, Edoardo Mapelli Mozzie and their daughter Sienna Elizabeth.
Eduardo's son Christopher Woolfe, who is known as "Wolfie" also lives with them.
Kensington Palace is home to a larger number of royals, including the Duke and Duchess of Gloucester, the Duke and Duchess of Kent and Prince and Princess Michael of Kent.
This move from the King forms part of his wider plan to slim down and modernise the monarchy, as Charles wishes to phase out subsidised rents for royals and expect them to pay their own way.
Vice-Admiral Sir Tony Johnstone-Burt, Master of the Household, and the Keeper of the Privy Purse Sir Michael Stevens, responsible for finance, will carry out the changes to transform what is described as a "top-heavy royal household".
It is said Camilla will take charge of the fine details to ensure the Firm begins to run in the "Clarence House way".
One senior figure said: "It is not about cuts, it is about getting the best value for money from those on the payroll. Sometimes less is more."
Another source added: "The King is not some sort of housing association for distant relatives."
It is believed Charles is keen for the royals to no longer be so financially dependent on the Crown, particularly if they are not working members of the Firm.
He wants funds from the Duchy of Lancaster, the portfolio of land, property and assets held in trust for the King, and the Sovereign Grant that pays for royal travel on official engagements, to be spent in a more efficient manner.
He also wants to pay his staff competitive salaries and pensions so that he gets the best people for the jobs.
The source added: "There will be staff cutbacks. That has already started. The buzz phrase is 'value for money'."2023-03-24T12:56:31Z dg43tfdfdgfd