We're assuming that William is considering removing Harry's styles, peerages, titles and anything else that can be monetized. But just as Charles didn't want to punish the York princesses for the sins and excesses of their parents, William might not want to punish his nephew and niece, even if they are strangers to him. I can see a Letters Patent being issued that states titles are for working royals only, and requiring the children to be raised and educated in the U.K. to be known by their titles. Something like that.
Supposedly, Harry wants the children to be educated in London but Meghan has no desire to move. Even if Harry were to be granted the level of security he wants, would he bring his family back for an extended visit to repair fences? No. He wants to shield the children from any publicity but little by little they're being shown in photos, even with their faces blocked the exposure has increased. Now their "philanthropic" endeavors will be a family affair? The media is in an ongoing tizzy because the messages are so mixed they're free to interpret this nonsense into an never-ending stream of stories that make no sense.
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