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Queen needs £50 million for repairs but down to her last £1.

Queen Elizabeth, going broke
Queen Elizabeth, going broke
Getty/The Telegraph

Breaking news is that Woody Allen is inspired to write a new script based upon Queen Elizabeth going broke and having to sell shoes at Harrods. Who is the chancellor of the exchequer these days?

The answer is George Osborne. He is the eldest son of Sir Peter Osborne, co-founder of the firm of fabric and wallpapers designers Osborne & Little.

Well, the Queen and her estates are in need of a lot more than wallpaper. The report from The Telegraph has it that her courtiers are overspending. They have been watching too much Downton Abbey.

The French have gotten word and may be mounting a conquest as they heard that the castle is crumbling. Then again, the new breed of royalty are pretty stout, but they are in the wings as grandma-ma is spending away their future.

Prince Charles is doing fine on the finances of Pricilla. Prince William, Duke of Cambridge, his wife and son George may have to move to a caravan in Brecon, Wales. Blimey.

“Queen down to her last million due to courtiers' overspending, report finds

Report by the Commons public accounts committee finds the Queen’s advisers are failing to control her finances while the royal palaces are “crumbling”

By Steven Swinford, Senior Political Correspondent 12:01AM GMT 28 Jan 2014

The Queen’s household finances were at a “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.

The Royal household had made efficiency savings of just 5 per cent over the past five years compared with government departments, that are cutting their budgets by up to a third.
MPs on the committee said the Treasury must “get a grip” and help to protect the royal palaces from “further damage and deterioration”.

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