Beautiful Virgin Islands

Tuesday, Jun 03, 2025

Meghan, Prince Harry Have Fulfilled "Debt Obligations" On UK Home: Report

Meghan, Prince Harry Have Fulfilled "Debt Obligations" On UK Home: Report

The couple, the Duke and Duchess of Sussex, have faced criticism from some British media after they spent 2.4 million pounds on refurbishing Frogmore Cottage, set within the grounds of Queen Elizabeth's Windsor Castle west of London.

Britain's Prince Harry and his wife Meghan have met their "obligations" in regards to their British home and no more payments on the property will be needed for the time being, a senior Buckingham Palace source has said.

The couple, the Duke and Duchess of Sussex, have faced criticism from some British media after they spent 2.4 million pounds on refurbishing Frogmore Cottage, set within the grounds of Queen Elizabeth's Windsor Castle west of London, before they quit their roles as working royals at the end of March.

Harry, 36, and Meghan, 39, now live in California with their son Archie but have kept the Windsor home as their British base.

Earlier this month, their spokesperson confirmed they had made a contribution to cover its renovation costs, and the palace source, speaking on condition of anonymity, said that payment also covered rent, set at a commercial rate, which they owed from April.

"They have fulfilled their current obligations, their debt obligations in relation to Frogmore Cottage, and they have made a payment that will recognise that they have paid for the rental of that property for a number of years," the source said.

"There will be a point in the future when they would be expected to make further payments."

The disclosure comes as royal accounts released on Friday showed the queen's finances will take a hit over the next few years because of the coronavirus pandemic.

The Sovereign Grant, a taxpayer-funded contribution which covers staffing costs, upkeep of palaces and travel expenses, is based on 15 percent of surplus revenue from the Crown Estate, a property portfolio belonging to the monarchy, from two years previously.

In 2016, this was raised to 25 percent for a decade to pay for a major 10-year overhaul of Buckingham Palace. That provided the queen with 82.4 million pounds for the financial year 2019-20.

However, the Crown Estate's revenues have been hit by the COVID pandemic, meaning the Sovereign Grant figure of 86.3 million for 2021-2 would be frozen for the following year, as the funding formula means it cannot fall in absolute terms.

Michael Stevens, the queen's treasurer, known as Keeper of the Privy Purse, said they now forecast there would be a 20 million pound shortfall in the 369 million pound budget for the work at Buckingham Palace.

He also said they faced losing five million pounds per year for the next three years from other income, mainly the Royal Collection Trust which gets its funding from ticket sales to royal palaces that were closed during the coronavirus lockdown.

"In responding to both these financial challenges we have no intention of asking for extra funding and will look to manage the impact through our own efforts and efficiencies," Stevens said.

Among action being taken is a recruitment freeze for all but essential roles, and a payment freeze for all staff since April.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
China Accuses US of Violating Trade Truce
Panama Port Owner Balances US-China Pressures
France Implements Nationwide Outdoor Smoking Ban to Protect Children
German Chancellor Merz Keeps Putin Guessing on Missile Strategy
Mandelson Criticizes UK's 'Fetish' for Abandoning EU Regulations
British Fishing Boat Owner Fined €30,000 by French Authorities
Dutch government falls as far-right leader Wilders quits coalition
Harvard Urges US to Unfreeze Funds for Public Health Research
Businessman Mauled by Lion at Luxury Namibian Lodge
Researchers Consider New Destinations Beyond the U.S.
53-Year-Old Doctor Claims Biological Age of 23
Trump Struggles to Secure Trade Deals With China and Europe
Russia to Return 6,000 Corpses Under Ukraine Prisoner Swap Deal
Microsoft Lays Off Hundreds More Amid Restructuring
Harvey Weinstein’s Publicist Embraces Notoriety
Macron and Meloni Seek Unity Despite Tensions
Trump Administration Accused of Obstructing Deportation Cases
Newark Mayor Sues Over Arrest at Immigration Facility
Center-Left Candidate Projected to Win South Korean Presidency
Trump’s Tariffs Predicted to Stall Global Economic Growth
South Korea’s President-Elect Expected to Take Softer Line on Trump and North Korea
Trump’s China Strategy Remains a Geopolitical Puzzle
Ukraine Executes Long-Range Drone Strikes on Russian Airbases
Conservative Karol Nawrocki wins Poland’s presidential election
Study Identifies Potential Radicalization Risk Among Over One Million Muslims in Germany
Good news: Annalena Baerbock Elected President of the UN General Assembly
Apple Appeals EU Law Over User Data Sharing Requirements
South Africa: "First Black Bank" Collapses after Being Looted by Owners
Poland will now withdraw from the EU migration pact after pro-Trump nationalist wins Election
"That's Disgusting, Don’t Say It Again": The Trump Joke That Made the President Boil
Trump Cancels NASA Nominee Over Democratic Donations
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OnlyFans for Sale: From Lockdown Lifeline to Eight-Billion-Dollar Empire
Mayor’s Security Officer Implicated | Shocking New Details Emerge in NYC Kidnapping Case
Hegseth Warns of Potential Chinese Military Action Against Taiwan
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Jamie Dimon Warns U.S. Bond Market Faces Pressure from Rising Debt
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Taylor Swift Gains Ownership of Her First Six Albums
Bangkok Ranked World's Top City for Remote Work in 2025
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
×