Kate Middleton's family business, Party Pieces, has fallen on difficult times and is yet to pay back a taxpayer-funded loan received during the pandemic.
Carole and Michael Middleton received a taxpayer-backed loan from UK bank NatWest to support the company during the coronavirus pandemic.Carole Middleton and Michael Middleton have stepped back from Party Pieces. Picture: Karwai Tang/WireImage
The restrictions on social gatherings led to Party Pieces experiencing a massive drop in revenue – going from £4.5 million to £3.2 million in 2022 – which led to the company taking out the loan.
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