Republic has written to MPs calling for them to investigate the finances of the Duchies of Lancaster and Cornwall.
Earlier this week, leaked documents in the Paradise Papers revealed that both Duchies have been investing in offshore tax-havens, which while not illegal is ethically questionable. The monarch and heir to the throne should be setting the very highest standards.
In the case of the Duchy of Cornwall, there is also an allegation of a conflict of interest, and claims that Prince Charles didn't know about an investment in his friend's company aren't credible. Whether these claims are to be believed or not, it is vital that an investigation now takes place.
The Duchies are not private estates in the normal sense. They are governed by statute and their financial management is overseen by the government. It is important to note that the Duchies are there to provide private incomes for the Queen and Prince Charles, two people with comprehensive and secretive access to government ministers, civil servants and other decision makers as well as all cabinet papers.
The opportunity for misuse of funds, inappropriate investments, exploitation of privileged access to ministers or confidential information or conflicts of interest are considerable.
Whether individual MPs support the monarchy or not, they must agree that the financial affairs of the Duchies of Lancaster and Cornwall should be of the highest standard of integrity and subject to proper scrutiny.
Write to your MP
Only MPs can introduce debates or ask difficult questions about royal funding and finances in parliament - so we need them to take action now.
Writing to your MP couldn't be simpler, and it's the best way to achieve the change we want to see.
Visit writetothem.com to quickly email your MP about this issue - even if you think they'll disagree, they can only take action if they know how you feel about this issue.
Ask your MP to write to the Treasury, calling on them to:
- Investigate recent allegations and revelations concerning the finances of the Duchies of Lancaster and Cornwall
- Publish clear guidelines on the standards royal finances should meet
- Require the Royal Household to declare financial interests and meet the same standards on conflicts of interest as ministers and MPs
Let us know what they say.
Republic regularly talks to MPs and it really helps us to know how they respond to your emails — whether your MP supports or opposes these actions, we want to know. Forward their responses to firstname.lastname@example.org.