Grace and Favour

In the UK this is indicative of some form of privilege. 

The wikipedia bit:

A grace-and-favour home is a residential property owned by a  monarch, government, or other owner and leased rent-free to a person as part of the perquisites of their employment, or in gratitude for services rendered.[1]

Usage of the term is chiefly British.[1] In the United Kingdom, these homes are mostly owned by the Crownor a charity and, in modern times, are often within the gift of the prime minister. Most of these properties are taxed as a "benefit in kind", although this status does not apply to Downing Street or any home granted for security purposes, such as the residence of the Secretary of State for Northern Ireland.[2] They are at times granted to senior politicians.[3]

It is possible that the term crept into English through the writings of Niccolò Machiavelli, who wrote of advisers who are ministers per grazia e concessione, which has been translated as "through grace and favour"

The song is about a very proud self made man I met who furiously defended his ability to make it on his own . So much so that I kept trying to change the subject.