LONDON, Nov 1 — King Charles is reportedly planning to offer Andrew a substantial financial settlement to fund his move out of the Royal Lodge in Windsor and prevent future overspending, according to a report in The Guardian.

The proposed deal aims to be a “once and for all” resolution to the issue of the disgraced Duke of York’s status. 

It is said to include an initial six-figure payment to help him relocate to private accommodation, followed by an annual stipend from the King’s private funds. Sources familiar with the talks suggest the annuity would be significantly larger than Andrew’s £20,000-a-year naval pension.

Negotiations on the relocation package are reportedly ongoing.

The move follows Andrew being stripped of his military titles and royal patronages and ceasing to use the title His Royal Highness (HRH) in 2022. 

The decision was made amid the public backlash from his association with the convicted sex offender Jeffrey Epstein and the civil sexual assault case brought against him by Virginia Giuffre, which he settled out of court.

At the time, Buckingham Palace stated that the King had initiated the process “to remove the style, titles and honours of Prince Andrew” and that formal notice had been served to surrender the lease on Royal Lodge.

The palace statement added that “their majesties wish to make clear that their thoughts and utmost sympathies have been, and will remain with, the victims and survivors of any and all forms of abuse.”

Labour leader Sir Keir Starmer has previously expressed full support for the King’s decision to remove the titles.

The government was consulted before the 2022 announcement and confirmed it was constitutionally proper for the King to act on his own authority, using his royal prerogative to abolish the dukedom without parliamentary debate.

Labour MP Chris Bryant has also stated that Andrew should comply with any request from US authorities to answer questions about Epstein, adding that it is what “any decently minded person” would do.