King Charles moved to stop the flow of cash to Prince Andrew after he promised to cut down on royal expenses following his ascension to the throne, the Daily Mail reported.
Two years after stepping into the royal shoes of his late mother, Queen Elizabeth II, and pledging to promote a slimmed-down monarchy — mainly by reducing Prince Andrew's "allowance" — King Charles’s plans are in motion.
A new book by royal biographer Robert Hardman, "Charles III: New King. New Court. The Inside Story", claims that the king has halted financial transfers to Andrew’s bank account. Andrew faced serious allegations of sexual assault and rape.
According to the report, Charles instructed his financial manager to stop Andrew's annual stipend, which stands at around $1.3 million. It was also reported that the king no longer pays for his younger brother’s private security, which is equally expensive. "The duke is no longer a financial burden on the king," a source close to the matter confirmed.
Since stepping down from his public duties in 2019 following accusations of sexual assault, Andrew stopped receiving public funds and relied solely on the generosity of his late mother, who used to transfer him £249,000 ($307,000) a year.
In February 2023, five months after King Charles's coronation, insiders revealed that he was planning to move Andrew out of his £30-million ($37 million) estate in Windsor by cutting his annual allowance. Without that grant, Andrew may struggle to maintain the estate, which includes 30 bedrooms and requires extensive upkeep.
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