Implications of the Sussexes' Decision to Step Back: Life, Money, and Royalty
The recent decision by Prince Harry and Meghan Markle to step back from their senior royal roles has sparked a myriad of questions about how this change will affect their lives, finances, work, and protection. This article delves into these aspects to provide clarity and insights based on the current understanding of royal finances and protocols.
Understanding the Royal Financial System
The financial structure of the British monarchy is intricate and revolves around the Sovereign Grant, a term that often confuses the public. Contrary to popular belief, four specific royals do not receive the Sovereign Grant; instead, it is awarded to the monarch themselves. The Sovereign Grant is essentially an amount paid to the monarch to support royal duties and activities, affirmed by the Sovereign Grant Act 2011.
On the other hand, other royals receive an amount to cover expenses for their royal duties, but this is issued by the monarch on a discretionary basis. For example, if the Duke of Kent were to cover a royal engagement, he would be eligible for the relevant expenses. The funds for these expenses are provided through the Keeper of the Privy Purse, the official accountant and guardian of the Sovereign Grant, who also prepares the annual financial report to the government and controls the Sovereign Grant Reserve Fund.
Implications on Harry and Meghan's Future
The step back by Harry and Meghan will not significantly impact their expenses, as the disconnect between their financial support and their departure from senior royal duties is often anticipated. In practice, any minimal expenses incurred due to their reduced royal engagements will be absorbed by other royal expenses.
One of the most significant questions is their living arrangements. Given the extensive security required for Frogmore Cottage, it is unlikely that they will continue to reside there. They might be forced to move into one of the royal apartments within palaces, where security measures would be more managed within existing royal protocols.
Limits on Security in North America
The security situation in North America presents a unique challenge. There is a high likelihood that they will not have the same level of security there as they do in the UK. This might prompt them to seek professional opportunities that do not require such extensive security, which could be a pivotal factor in their future decisions.
Professional Opportunities and Work Scope
Prince Harry and Meghan are keen on dividing their time between the UK and North America, with some speculation pointing towards Canada, which is part of the Commonwealth. Their desire to work and earn their own money is evident, but the specifics of how they plan to achieve this are not entirely clear. It is conceivable that they may explore opportunities in production or directing, given Meghan's acting background, or more involvement in the fashion industry.
Moreover, they intend to opt out of the "Royal Rota," effectively choosing the press pool that covers their activities. This decision is driven by their aversion to the hostile tabloid coverage they have experienced, particularly with the British press. The likely replacement for these reporters will be younger and more diverse journalists who are likely to be more sympathetic to their causes.
Impact on Royal Engagements
The number of royal engagements they will participate in post-step back remains uncertain. While they are expected to undertake some engagements within the UK, it is unlikely that they will engage in many while abroad. The specifics of how this will work, if at all, are still being negotiated. Prince Charles, who now holds significant influence, is likely to play a key role in such decisions.
As they navigate this new phase, Harry and Meghan are adopting a more independent approach to their royal life, prioritizing work, personal security, and relationship with the media. Their future and the implications of this decision will be closely monitored as they chart their new path.
Key Takeaways: Harry and Meghan's decision to step back from senior royal duties will not significantly impact their finances, but it will affect their living arrangements, security, and work opportunities. Their desire to work independently and away from the British press highlights a shift in priorities.