Kate Middleton’s parents’ COVID loan: Why taxpayers may be forced to pay off

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The Middletons were given a loan from National Westminster Bank during the 2020 lockdown to help keep their company afloat, and now owe roughly $273,500.

to entrepreneur James Sinclair for roughly $223,000 — 36 years after launching the company.

But even after the sale to Sinclair, taxpayers could be on the hook for the balance still owed to the bank — nearly $50,000 as government regulations regarding the pandemic loan program have made the public liable to pay 80% of any amount owed to NatWest.Party Pieces/Instagram Carole looked back on the fun times she had while working at her firm, reminiscing about how her kids — the Princess of Wales, 41, Pippa, 39, and James, 36 — would often help her out at work.

The Princess of Wales and her siblings James and Pippa would often help their mom out with the party supply business.“My husband and I were young and a little inexperienced, but very enthusiastic, so we didn’t worry too much,” Carole explained.

 

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