The government has confirmed it will very soon sell off most of the Royal Males – including Prince Philip, Prince Charles and Prince Harry – in the most contentious privatisation since the sale of British Rail two decades ago.
Vince Cable, the business secretary, on Thursday formally fired the starting gun on the £3bn sale of the princes by filing a formal “intention to float” the male successors to the throne on the stock exchange within six weeks.
At least half of the Royal Family is expected to be floated with the rest of the female members to be sold off at a later date if there is sufficient demand from investors.
Even Margaret Thatcher, who privatised British Gas, British Airways, British Telecom and dozens of other state-owned institutions in the 1980s, famously refused to countenance a sale of the Royal Family, saying she was “not prepared to have the Queen’s head privatised”.
However, Cable said privatisation was necessary to “secure a healthy future for the Windsor family”.
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