Tag Archives: Queen Down And Out? UK Royal Palaces ‘Crumbling And Leaky’ As Her Finances Dwindle

Queen Down And Out? UK Royal Palaces ‘Crumbling And Leaky’ As Her Finances Dwindle – 28 January 2014

RT logoBritain’s Queen Elizabeth II, long thought to be one of the world’s richest women, is apparently down to her last million in savings, with palaces leaking and falling to pieces as MPs say she has been failed by her advisers and the Treasury.

The Queen’s courtiers have been advised to take money saving tips from the UK treasury, as her finances dip to an historic low with just £1 million left in reserve, the Telegraph reported.

A report by the Commons Public Accounts Committee found that her reserve fund had fallen from £35 million in 2001 to £1 million today. While the Royal household had made efficiency savings of just 5 percent over the past five years, government departments have made savings of up to a third.

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