Why Harry and Meghan won't really be 'financially independent'

The Duke and Duchess of Sussex say they want to be financially independent after standing down as senior Royals. But Nick Ferrari explains on LBC why that simply isn't true.

Harry and Meghan released a statement last night saying they will work to become "financially independent" while continuing to "fully support" the Queen.

But speaking on his LBC show, Nick showed how that isn't going to be the case.

He said: "The Prince of Wales gives his sons £4.9million and it is thought that William takes slightly the greater share.

"So Harry is in for £2.25million a year.

"The cottage they have in Windsor is worth about £3 - 3.5million. We've already spent £2.4million in total and there's still a bit more to spend.

"They want to live this globe-trotting life, which means they'll be boarding aircraft - whether private or not - and you and I will be funding Met Police detectives to go with them.

"The last job Harry had was Lieutenant in the Household Cavalry, which earns £36,000 per year. How is he going to pay for it?"

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Harry and Meghan visit Canada’s High Commission
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Harry and Meghan visit Canada’s High Commission
The Duke and Duchess of Sussex leaving after their visit to Canada House, central London, meeting with Canada's High Commissioner to the UK, Janice Charette (right), as well as staff to thank them for the warm hospitality and support they received during their recent stay in Canada.
Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex leave Canada House in London after thanking Canada's High Commissioner for Canada in the UK, Janice Charette (R) for the warm Canadian hospitality and support they received during their recent stay in Canada. (Photo by Steve Taylor / SOPA Images/Sipa USA)
Prince Harry, Duke of Sussex and Meghan Duchess of Sussex are greeted outside Canada House in London by Canada's High Commissioner for Canada in the UK, Janice Charette (L) and the deputy High Commissioner, Sarah Fountain Smith (2nd from left). (Photo by Steve Taylor / SOPA Images/Sipa USA)
Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex leave Canada House in London after thanking Canada's High Commissioner for Canada in the UK, Janice Charette for the warm Canadian hospitality and support they received during their recent stay in Canada. (Photo by Steve Taylor / SOPA Images/Sipa USA)
Meghan, Duchess of Sussex arrives at Canada House in London. Prince Harry, Duke of Sussex and Meghan Duchess of Sussex met Canada's High Commissioner for Canada in the UK, Janice Charette thanking her for the warm Canadian hospitality and support they received during their recent stay in Canada. (Photo by Steve Taylor / SOPA Images/Sipa USA)
The Duchess of Sussex wearing a brown polo neck top and a Massimo Dutti skirt, and The Duke of Sussex visit Canada House in London on January 07, 2020.
The Duchess of Sussex wearing a brown polo neck top and a Massimo Dutti skirt, and The Duke of Sussex visit Canada House in London on January 07, 2020.
The Duchess of Sussex wearing a Reiss camel coat, and The Duke of Sussex visit Canada House in London on January 07, 2020.
The Duke and Duchess of Sussex look at a special exhibition of art by Indigenous Canadian artist, Skawennati, in the Canada Gallery during their visit to Canada House, central London, meeting with Canada's High Commissioner to the UK, Janice Charette, as well as staff to thank them for the warm hospitality and support they received during their recent stay in Canada.
The Duke and Duchess of Sussex look at a special exhibition of art by Indigenous Canadian artist, Skawennati, in the Canada Gallery during their visit to Canada House, central London, meeting with Canada's High Commissioner to the UK, Janice Charette, as well as staff to thank them for the warm hospitality and support they received during their recent stay in Canada.
The Duke and Duchess of Sussex look at a special exhibition of art by Indigenous Canadian artist, Skawennati, in the Canada Gallery during their visit to Canada House, central London, meeting with Canada's High Commissioner to the UK, Janice Charette, as well as staff to thank them for the warm hospitality and support they received during their recent stay in Canada.
The Duke and Duchess of Sussex leaving after their visit to Canada House, central London, meeting with Canada's High Commissioner to the UK, Janice Charette, as well as staff to thank them for the warm hospitality and support they received during their recent stay in Canada.
The Duke and Duchess of Sussex leaving after their visit to Canada House, central London, meeting with Canada's High Commissioner to the UK, Janice Charette and the deputy High Commissioner, Sarah Fountain Smith (left), as well as staff to thank them for the warm hospitality and support they received during their recent stay in Canada.
The Duchess of Sussex arrves for her visit to Canada House, central London, meeting with Canada's High Commissioner to the UK, Janice Charette, as well as staff to thank them for the warm hospitality and support they received during their recent stay in Canada.
The Duke and Duchess of Sussex talk with the High Commissioner for Canada in the UK Janice Charette (2nd left) and the deputy High Commissioner Sarah Fountain Smith (left) during their visit to Canada House, central London, meeting staff to thank them for the warm hospitality and support they received during their recent stay in Canada.
The Duke and Duchess of Sussex during their visit to Canada House, central London, meeting with Canada's High Commissioner to the UK, Janice Charette, as well as staff to thank them for the warm hospitality and support they received during their recent stay in Canada.
The Duke and Duchess of Sussex during their visit to Canada House, central London, meeting with Canada's High Commissioner to the UK, Janice Charette, as well as staff to thank them for the warm hospitality and support they received during their recent stay in Canada.
The Duchess of Sussex arriving for her visit to Canada House, central London, to meet with Canada's High Commissioner to the UK, Janice Charette, as well as staff, to thank them for the warm hospitality and support they received during their recent stay in Canada.
The Duchess of Sussex arriving for the visit to Canada House, central London, to meet with Canada's High Commissioner to the UK, Janice Charette, as well as staff, to thank them for the warm hospitality and support they received during their recent stay in Canada.
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