Prince Andrew’s £12m settlement works out at about 18p per UK citizen

Last week, the Duke of York reached an out-of-court settlement with Ms Giuffre, ending their highly-publicised legal battle. Ms Giuffre began suing the prince, 61, through a New York court last year for “substantial” damages after claiming that he sexually assaulted her.

The prince always vehemently denied her claims – insisting that he had “no recollection” of ever meeting Ms Giuffre after she had been groomed and sex trafficked by paedophile financier Jeffrey Epstein.

The exact details of the settlement – which included “substantial” payments to Ms Giuffre and her victim’s of abuse charity – has not been released.

But observers have claimed that it is somewhere between £7million and £12million – with the Queen said to be contributing towards some of the final bill.

How much, if any, of it directly or indirectly comes from the taxpayer is of much debate.

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Some of the cash could come from Andrew selling the Swiss chalet that he owns with his ex-wife Sarah Ferguson.

The prince also receives an armed forces pension – thought to be about £20,000 a year – but that would not go far towards settling the debt.

Whether he has any savings from his time as a “working royal” when he earned about £250,000 per year remains a mystery.

Royal finance expert David McClure told the BBC also said that if the sum was “of the order” of £5million or above he would need the Queen’s help.

He added: “I don’t think he has that money. And it’s more than likely the Queen will fork out some money.”

If this money came from the Queen’s private estate of the Sovereign Grant – set at £86.3million last year – is unknown.

The Queen also receives private income from the Queen’s Privy Purse which is generated from a private estate known as the Duchy of Lancaster.

It covers over 18,000 hectares of land and usually makes a profit of about £20million each year.

The Queen also has an income through properties such as Sandringham and Balmoral, which she owns privately.

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