Royalty: Her Majesty's Purse Strings

Her Majesty's Purse Strings

Hear ye! Hear ye! A life fit for a queen does not come cheap. The cost of running the British royal household this year will total 56 million pounds, or $109 million, according to an official report. The tab includes $139,000 for libations and $122,850 for laundry. Most of the funds go to maintain four . palaces, three planes, two helicopters, a train and the yacht Britannia, while remunerations for members of the royal family total $20.3 million, including $15.4 million for the Queen.

Her Majesty is trying to tighten her purse strings. Since 1983, maintenance costs for the fleet of...

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