Whether or not the people of the UK go for this type monarchy is another matter. I think it would be an easy sell as the arguments for a slimmed down monarchy would mean less support the taxpayers have to pay for the monarchy, particularly if they are only funding the future Charles III, his consort Camilla, the Cambridges, the Wessexes, and the Princess Royal.
The downside will be the organizations that will lose royal patronage and support, particularly the ones that are supported by the Gloucestorshires and the Kents, because there is no way I can see the above mentioned people taking on their duties as well as the ones they currently have.
I do agree that the York Princesses could be called upon, but I can only see this occurring during the reign of the future William V, as if William and Harry's entrance to full time royal duties is any indication for what is in store for the Cambridges, the Cambridge children could be in their late 20's or early 30's before they are full time royals. So there will have to be a few more royals around to do the work and the York princesses fit the bill.
Of course this could all change, depending on the life span of the current senior royals. HM could live to be the same age as the late Queen Mother, if so we could be in for a very short reign of the future Charles III and a 40 to 50 year reign of the future William V, meaning that the Cambridge children, particularly George could find himself partaking in royal duties in his early 20's, as a young Prince of Wales.
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