Peppercorn rent: The growing mystery behind Prince Andrew’s finances скачать в хорошем качестве

Peppercorn rent: The growing mystery behind Prince Andrew’s finances

Prince Andrew is under renewed pressure after a copy of the Royal Lodge lease, released on Tuesday, showed he has paid only a “peppercorn rent” for his Windsor mansion for more than 20 years. Senior politicians and campaigners are questioning why the public may be missing out on potential revenue from the property. The lease shows Andrew signed a 75-year agreement for Royal Lodge in 2003. It reveals he paid £1 million for the lease and has since paid only “one peppercorn” in rent per year, “if demanded". He was also required to spend £7.5 million on refurbishments, completed in 2005, according to a National Audit Office report. The small amount of rent helps explain how Andrew and his ex-wife, Sarah Ferguson, have been able to live there without using royal funds. • Subscribe to ITV News on YouTube: http://bit.ly/2lOHmNj • Get breaking news and more stories at http://www.itv.com/news Follow ITV News on TikTok https://www.tiktok.com/@itvnews?lang=en Follow ITV News on Instagram:   / itvnews   Follow ITV News on Facebook:   / itvnews   Follow ITV News on X:   / itvnews