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Thursday, June 25, 2009

HARD TIMES

"For a royal who was once rumoured to ask his valet to squirt toothpaste on to his toothbrush for him, the idea of belt-tightening may seem alien. But even the Prince of Wales is feeling the pinch from the recession. Despite being one of the country's richest landowners, with a £600m estate to bankroll everything from his eco-friendly Aston Martin sports car to ski holidays in Klosters, the heir to the throne responded to the economic crisis by slashing his personal spending last year by £500,000, according to figures published in an annual review. By ordinary standards, the cutbacks could hardly be described as brutal, but they suggest a prince who is at least attempting to economise. He has, the review revealed, opted to take holidays with his wife at his home in Scotland rather than travelling to Switzerland on expensive ski trips as he has done in previous years. The Duchess of Cornwall did not take a sailing holiday with friends in the Greek islands as she has often done and wears the same dresses several times, a recycling habit also picked up by the prince who said to be getting more wear out of his suits, courtiers said." (Guardian, 23 June) RD

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