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Queen down to her last million due to courtiers’ overspending, report finds (Elizabeth II)
Daily Telegraph (UK) ^ | 12:01AM GMT 28 Jan 2014 | Steven Swinford

Posted on 01/28/2014 12:48:23 AM PST by Olog-hai

The Queen’s household finances were at an “historic low” with just £1 million left in reserve, MPs said on Monday. Her courtiers were advised to take money-saving tips from the Treasury.

A report by the Commons public accounts committee found that the Queen’s advisers were failing to control her finances while the royal palaces were “crumbling”.

MPs said her advisers had overspent to such an extent that her reserve fund had fallen from £35 million in 2001 to just £1 million today. …

(Excerpt) Read more at telegraph.co.uk ...


TOPICS: Government; Miscellaneous; News/Current Events; United Kingdom
KEYWORDS: courtiers; elizabethii; overspending; queenofengland

1 posted on 01/28/2014 12:48:24 AM PST by Olog-hai
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To: Olog-hai

Let’s see how enforceable that tax levee is today...


2 posted on 01/28/2014 12:52:30 AM PST by Telepathic Intruder (The only thing the Left has learned from the failures of socialism is not to call it that)
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To: Olog-hai
Sounds like Downton Abbey.
3 posted on 01/28/2014 12:52:39 AM PST by 2ndDivisionVet (Jealousy is when you count someone else's blessings instead of your own.)
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To: Olog-hai
"He said that repairing the royal palaces was a “significant financial priority”, and that the Royal household had almost doubled its income to £11.6 million since 2007."

Interesting. I'm wondering what those sources of income are? I'd assumed that the royals mostly got their money from the Civil List via Parliament.

4 posted on 01/28/2014 12:54:16 AM PST by DemforBush (A Repo Man is *always* intense.)
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To: Olog-hai

Aren’t the crown jewels worth a couple billion?

I doubt the Royals are worried.


5 posted on 01/28/2014 12:54:59 AM PST by canuck_conservative
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To: Olog-hai

Yeah, I’m down to my last 1 million British pounds, too.

Well, maybe just a tad less than that.


6 posted on 01/28/2014 12:55:50 AM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Olog-hai
once upon a time in (Maggie T's) Britain; Queen Elizabeth,
was the rich wowan in the Western world.

7 posted on 01/28/2014 12:57:13 AM PST by skinkinthegrass (The end move in politics is always to pick up a gun..0'Caligula / 0'Reid / 0'Pelosi)
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To: Olog-hai

Too much of this.

8 posted on 01/28/2014 12:58:23 AM PST by Ken H (What happens on the internet, stays on the internet.)
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To: Olog-hai
WELL AT LEAST SHE EARNEDALL THOSE MILLIONS...I'M MEAN LEADING ENGLAND IN THAT LATE DESPERATE LIFE AND DEATH DUST UP AGAINST THE GERMANS AND ALL....WAS PRETTY GOOD....WAIT NO...THAT WAS....W.C. WHAT DID ALL THAT... I GUESS...
9 posted on 01/28/2014 1:00:01 AM PST by jimsin
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To: Olog-hai

This is the government provided fund for upkeep of the royal family and its household.

Looks like the household accountants have been on a bit of a binge. Her majesty has been verty frugle but only has a million pounds left. OMG!

Time to sell Buckingham Palacio.


10 posted on 01/28/2014 1:00:32 AM PST by Candor7 (Obama fascism article:(http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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To: Olog-hai
Queen down to her last million due to courtiers’ overspending, report finds (Elizabeth II)

Courtiers to blame?

So. The pound doesn't stop at the throne?

11 posted on 01/28/2014 1:16:43 AM PST by cynwoody
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To: Olog-hai

Oh no! Now she will have to get a dirty clothes hamper, lowering Herself to wearing (shuddering), “used” undies and socks. Some one get her a glass of Great Value brand sherry before she faints.

Eyes rolling...

Debbi


12 posted on 01/28/2014 1:38:00 AM PST by hearthwench (Mom, NaNa, always ornery)
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To: Olog-hai
MATT DRUDGE ‏@DRUDGE: Have an exit plan...
13 posted on 01/28/2014 1:44:58 AM PST by Berlin_Freeper (IX)
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To: Olog-hai

After me, the deluge!


14 posted on 01/28/2014 1:48:45 AM PST by iowamark (I must study politics and war that my sons may have liberty to study mathematics and philosophy)
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To: Berlin_Freeper
exit plan...
15 posted on 01/28/2014 1:48:50 AM PST by Berlin_Freeper (IX)
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To: Olog-hai

Start taxing sugar and every piece of paper used for printing...

If that’s not enough then tax all imported tea...

Problem solved...


16 posted on 01/28/2014 1:55:43 AM PST by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: Olog-hai
Coming from her World War II experience (as a mechanic), I've heard that Bess is pretty thrifty, but that it's Prince Chuck who likes to spend the dough like a drunken sailor.
17 posted on 01/28/2014 2:00:55 AM PST by Timber Rattler (Just say NO! to RINOS and the GOP-E)
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To: Olog-hai

Ideas to see the Royals through this “rough patch” ....

1. Rent out the Buckingham Palace courtyard for rock concerts.
2. Lease half of the palace itself to Station Casinos, and call it Palace Station East.
3. Put the Queen on an American-style 99-week unemployment program. It’s not like she’s ever worked.
4. Furlough all 3,000 maids, butlers, chefs, chauffeurs and gardeners on all but Saturdays.
5. Let the Royals experience the joys of rationed, socialized health care, just like the little people. No more private, high-end care... too expensive.


18 posted on 01/28/2014 2:03:20 AM PST by ScottinVA (Obama is so far in over his head, even his ears are beneath the water level.)
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To: Timber Rattler

Well, they always said the Kennedy mob was “American Royalty,” and they pissed away all the money Papa Joe made/stole and left for them.


19 posted on 01/28/2014 2:05:23 AM PST by abb
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To: ScottinVA
Sell Dumbo (Prince Charles) to the circus

AND OR

Bring Camilla out6 of retirement and enter her in some races

20 posted on 01/28/2014 3:34:46 AM PST by Cheapskate (Play loud and carry BIG sticks!)
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To: canuck_conservative

I belive that the royals signed all of their “royal” assets over to the state in return for an annual stipend. It’s a big stipend.


21 posted on 01/28/2014 4:13:51 AM PST by Vermont Lt (If you want to keep your dignity, you can keep it. Period........ Just kidding, you can't keep it.)
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To: Cheapskate

22 posted on 01/28/2014 4:16:06 AM PST by carriage_hill (Peace is that brief glorious moment in history, when everybody stands around reloading.)
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To: hearthwench

Just yesterday she was advertising for someone to fill her bath and serve tea. Yes, it’s true. $23,000 a year or less if you lived in.


23 posted on 01/28/2014 4:26:15 AM PST by bgill
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To: Telepathic Intruder

Could we get Her Royal Highness to use the last million of her family’s dollars to finance two days of Imelda Michelle’s endless taxpayer-funded vacation-time? Sort of as a lend-lease?


24 posted on 01/28/2014 4:47:52 AM PST by golux
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To: 2ndDivisionVet
Sounds like Downton Abbey. 

Except they'll be marrying younger family members off to rich Chinese heirs and heiresses to save the palace.

25 posted on 01/28/2014 4:50:44 AM PST by KarlInOhio (Republican amnesty supporters don't care whether their own homes are called mansions or haciendas.)
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To: Olog-hai

Oh I just hate it when that happens..


26 posted on 01/28/2014 5:08:42 AM PST by Tennessee Nana
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To: DemforBush
Interesting. I'm wondering what those sources of income are? I'd assumed that the royals mostly got their money from the Civil List via Parliament.

They are, basically, talking about the Civil List. It was restructured a few years ago to be more closely linked to how much money is garnered from the Crown Estate by the Treasury, and that meant a big jump because the Crown Estate is currently generating money at an impressive rate - but if the profits of the Crown Estate declines, it will reduce accordingly.

Besides that, the Queen receives revenue profits from the Duchy of Lancaster - these are generally used to pay the expenses of the other members of the Royal Family (only the Queen and the Duke of Edinburgh receive civil list payments, and the Prince of Wales (entitled to the revenues of the Duchy of Cornwall) is the only other member of the family to get money from being royal - the Queen has to pay for everybody else and the Duchy of Lancaster revenues have generally been used for this).

27 posted on 01/28/2014 5:10:13 AM PST by naturalman1975 ("America was under attack. Australia was immediately there to help." - John Winston Howard)
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To: DemforBush

I seriously doubt thats her personal worth. Its prolly just the money she gets from the govt to run the monarchy.


28 posted on 01/28/2014 6:37:49 AM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped.)
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To: naturalman1975

Ahh, that explains it then. Thank you!


29 posted on 01/28/2014 6:20:05 PM PST by DemforBush (A Repo Man is *always* intense.)
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