Harry and Meghan ‘Megxit’ Consequences – Prince Charles Threatens to Cut Off Funding

Prince Harry and Meghan Markle announced they were self-demoting themselves by stepping down from their senior positions in the Royal Family. The unprecedented act, coined “Megxit” could affect their finances as Prince Charles is prepared to dole out consequences.

What is ‘Megxit’?

A spin on “Brexit,” it refers to Harry and Meghan’s plan to separate themselves from the Royal Family. While they still plan on having some connection, they want to step down as senior members. Basically, it sounds like they are demoting themselves.

The couple also has plans to split their time between the United Kingdom and North America. Whether that means Canada or the United States remains unclear.

Prince Charles Threatens to Cut Funding

Royals news suggests that Queen Elizabeth and other members of the Royal Family were blindsided by Harry and Meghan’s announcement. Apparently, it was a topic that was being discussed but nothing had been agreed upon.

Financially Independence – Is It Possible?

The UK Times reported that if the pair walk away completely, then Prince Charles will cut off their funding. It is stated that Harry and Meghan want to be financially independent. However, do they really know what they are asking and the potential consequences?

A whopping 95 percent of the expenses incurred by the Duke and Duchess of Sussex comes from the Duchy of Cornwall estate — income Charles earns. The remaining five percent is from the Sovereign Grant, which is funded by taxpayers. These costs include everything from palace upkeep, maintenance and everything in between.

To get an idea of what a substantial amount of money is spent on the Royal children, Charles spent $11 million last year between Harry, William, Meghan Markle and Kate Middleton.

Prince Harry and Meghan Markle Blindside The Queen

There is also the issue of Queen Elizabeth and the Royal Family feeling like they were blindsided with the announcement. As exciting as Harry and Meghan must be about their independence, they should have heeded warnings to keep it low-profile until all the details had been sorted and negotiated. It’s never wise to get on an elder’s bad side, especially when she is the Queen of England!

Be sure to tune in to catch up on everything happening with Prince Charles right now. Come back here often for Royals news, updates, and rumors!