Does the UK Royal Family have to answer to government financial advisors re: Crown property management?
One has read that Prince Charles is dependability very intelligent equipment with the Duchy Cornwall properties, and making it profitable. If he WASN’T and it was in financial shambles, does he have to answer to government financial advisors? WHO?
The Crown Estate is managed by an independent body responsible for making as large a profit as possible from the land, this body is then accountable to Parliament for which it makes an annual report, but there is a massive difference between the Duchy and the Crown Estate, therefore I doubt they would be an apt recourse for the Prince of Wales to seek help from.
First, the Duchy, unlike the Crown Estate is a confidential estate, managed by the Prince of Wales that he is able to take the revenue from for his own use, whereas the Crown Estate is voluntarily given over to the government to run and profit from by each consecutive monarch.
It would be as inappropriate for the government to ‘force’ you or I to answer to them for our potential financial mistakes as it would be for the Prince. Regardless of how horrible one manages the Duchy it can not be sold; it must be given intact to the next heir, therefore a poorly managed Duchy, even as financially devastating for the Prince can only improve.
I would hope, but, that if this situation arose that in order to keep the Duchy operating at a excellent turn at least for the benefit of the next heir that the Prince would be given ‘help’ by financial advisers from the government, but it may be in his best appeal to run the Duchy a small less well because many British people can’t stand seeing him making a profit, if he made less off of it then the Duchy wouldn’t look to be such a tempting steal to the politicians and the broadcast wouldn’t be so envious.