Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
Wednesday 18 December 2024 5:17 am  |  Updated:  Tuesday 17 December 2024 11:31 am

Monarchists shouldn’t sweat over Prince Andrew

By: James Price

Add as a preferred source on Google
DAVOS, SWITZERLAND - JANUARY 22: Prince Andrew, Duke of York points his finger as he speaks to business leaders during a reception at the sideline of the World Economic Forum on January 22, 2015 in Davos Switzerland. Prince Andrew has publicly denied allegations he had sex with an underage teenager. He made the denial during a visit to the World Economic Forum in Davos, Switzerland, on Thursday. It was his first public appearance since the charges. (Photo by Michel Euler-WPA Pool/Getty Imaes)

Prince Andrew is an embarrassment but the Royal Family is still one of Britain’s greatest assets on the international stage, says James Price

This Christmas, many of us will be forced to fraternise with embarrassing uncles (not you, if you’re reading this, Uncle Mike!) – and the Royal Family is no exception.

As if his friendship with a convicted paedophile and mysterious sources of income weren’t enough to make you sweat (though not him, of course), Prince Andrew has also been revealed to be a close associate of an alleged Chinese spy. It has led some to question the value of the Royal Family more broadly.

I couldn’t disagree more. On a trip earlier this year to the heartlands of the United States, whenever people heard my accent, they would unfailingly ask me about the Royal Family. Everyone had an opinion they wanted my take on – whether it was Diana vs Camilla or, more often, Harry and Meghan vs the world. 

Beyond it being subconscious proof that the perfidious colonials still regret rejecting the Crown, it was eye-opening just how much of a Royal flush the Royals provide us with as a nation. Especially compared to most other aspects of our sense of self-image abroad.

Even successful lawyers in places like Chicago had never heard of the phrase ‘the special relationship’. My future mother-in-law tried to comfort me, explaining “you gotta understand that we don’t spend that much time thinking about you over there in England”. But they all knew plenty about the Royals.

The Royal are bigger than Prince Andrew

It’s useful to bear in mind just how important the institution is to Britain. It has been much rejuvenated abroad by the Netflix show The Crown as well as the astonishing spectacles of the funeral of Her Majesty, Queen Elizabeth II and the coronation of His Majesty King Charles III.

Staying with their impact across the Pond; there is a genuinely moving video of Donald Trump on the campaign trail, with a book of pictures from the Royals. He shows the interviewer the images and is more gushing in his praise of this family he is about anyone else I’ve ever seen (himself excepted). There almost looks like a misty eye at one point. 

And look at the reopening of Notre Dame; Trump praised the Prince of Wales for being handsome, said he is doing a great job and reminisced again about the late Queen.

Read more

King Charles to publish tax bill for ‘transparency’

King Charles addressing the public during a royal event, wearing a formal suit and standing in front of a historic building.

This has a huge real-world impact. Britain really is much likelier to avoid painful tariffs that are headed towards the European Union from the Trump administration, partially because of his affection for the mother country and its Royal family. We are also in pole position to get a free trade deal with the US, with Royals no doubt set to play a major role in the diplomatic niceties.

Beyond the diplomatic benefits and trade negotiations, there are other economic effects that Britain enjoys. In fact, I often assume that the people running Republic, the anti-monarchy campaign, must be sleeper agents for the Court of St James. Their attempts to say that the Royals cost the taxpayer dear are so weak as to highlight just how good His Majesty and co are for the public purse.

The Crown Estate is such a phenomenally good company that it makes even me question the profit motive as the most powerful force on earth; the Estate to contribute net £1.1bn to the public purse in 2023/2024. 

The King having a dubious brother is a price worth paying for the stability, economic benefits and extraordinary diplomatic reach our constitutional settlement provide

Not a bad deal for the taxpayer, given a tiny fraction of that is returned via the Sovereign Grant (£86.3m in the same period). In other words, the crown held onto less than eight per cent of what it made. I don’t see Monsieur Macron making such a contribution to all the expensive-looking parades France puts on every cinq minutes.

And that’s before you consider the contribution that the huge crowds of tourists that can be seen outside Buckingham Palace, Windsor Castle and the rest make to UK GDP. 

The King having a dubious brother is a price worth paying for the stability, economic benefits and extraordinary diplomatic reach our constitutional settlement provides. Indeed it is a feature, not a bug, of a state which has a family – with all the human fallibility that entails – as its physical embodiment.

And given that Prince Andrew is, as best, a gullible fool one does wonder what possible use he could have been to a foreign spy. Surely there are more concerning spheres Chinese influence than Pizza Express in Woking.

James Price is a former government adviser

Read more

Back Bolt and Catalina to be in Ascot mixer

Electric blue lightning bolt against a dark stormy sky, illustrating the power and intensity of natural phenomena.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Opinion

Categories

  • Opinion

People & Organisations

  • King Charles III
  • prince andrew
  • Queen Elizabeth II
  • Royal family

Trending Articles

  • Revealed: Secret Treasury plan to tax State Pension before it is paid out

  • Burnham’s new chief of staff ran City firm advising Thames Water and rival Heathrow bidder

  • Two solicitors linked to Post Office scandal charged with misconduct

  • Barclays and Lloyds join banking sector plan for digital ID

  • Reeves’ new tax charge on cash ISAs faces fierce industry backlash

More from City PM

  • King Charles to publish tax bill for ‘transparency’

    Tax
    King Charles addressing the public during a royal event, wearing a formal suit and standing in front of a historic building.
  • Back Bolt and Catalina to be in Ascot mixer

    Sport
    Electric blue lightning bolt against a dark stormy sky, illustrating the power and intensity of natural phenomena.
  • Carson backing Bow to Echo Guineas romp at Ascot  

    Sport
    GettyImages 102139160 showing a dynamic business meeting with diverse professionals engaged in discussion around a confere...
  • Elevate founder Julia Baldet: Hospitality is brutal, but I don’t regret leaving finance

    Opinion
    Julia Baldet presenting at Elevate conference, discussing business strategies in a professional setting.
  • Legal & General handles King’s staff pension schemes as monarch’s £13m tax bill revealed

    News
  • It’s not Insanity to fancy King horse in Duke of Edinburgh

    Sport
    Aerial view of bustling cityscape with skyscrapers at sunset, highlighting urban architecture and vibrant city life
  • Time for a Berkshire Sundance in the Ascot finale

    Sport
    Getty Images logo displayed prominently on a digital screen, representing media and content distribution in a business con...
  • Nail your hospitality package this summer with Exact Lifestyle

    Life&Style
    Exact lifestyle concept featuring modern elements, showcasing contemporary living trends and stylish design elements.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM. All rights reserved.
About · Contact · Terms · Privacy