King Charles has five-year-plan to make his slimmed down monarchy a reality

King Charles has big plans to make the Royal Family more self-sufficient and less reliant on the public purse.

According to The Evening Standard, the eviction of Prince Harry and Meghan Markle from Frogmore Cottage in Windsor, which they used as their British residence is “just the start of his plans to slim it down and modernise."

He also plans to end the subsidised rent royals pay on their lavish homes and wants family members to “cut their cloth” over the next five years, the paper says.

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According to senior figures who work with the Royal Family, there will be a period of transition after Charles' coronation where Charles and Camilla will work together on getting rid of inefficiencies in the institution, including excessive staff numbers.

The process will be fronted by Vice-Admiral Sir Tony Johnstone-Burt, Master of the Household, and the Keeper of the Privy Purse, effectively the piggy bank of the Royal Family.

It is said to mark a new era for the Royal Family, with Charles keen to show the institution as modern but not lavish in what has already been dubbed the 'Clarence House way.'

According to one senior figure: “It is not about cuts, it is about getting the best value for money from those on the payroll. Sometimes less is more.”

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Another source added: “The King is not some sort of housing association for distant relatives” with no prizes for guessing which royals they might have been referring to.

The King has already set the tone for his plans after allegedly booting out Harry and Meghan from royal cottage Frogmore House in what is thought to be the “tip of the iceberg”.

“There will be staff cutbacks. That has already started. The buzz phrase is ‘value for money,’” a source told the Evening Standard.

In particular, it is thought the King disapproves of palace accommodation being used by the children of some members of the royal family as 'London pads'.

“Over time, that is going to change. Properties will be let at commercial rates going forward and to people outside the family."

"Where it is in a palace environment they will of course be security vetted,” the source said.

Buckingham Palace has been contacted.

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