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Sunday, July 05, 2009

PENURY AT THE PALACE

"The Queen is seeking the first increase in the annual civil list for nearly 20 years to plug a looming £5m-a-year funding gap for the royal household. Palace officials have told the Treasury they need the dramatic rise to the £7.9m grant because they are exhausting their cash reserves and cannot make further cuts in spending. ...The £7.9m annual grant covers the cost of the official royal households, from banquets and furnishings to housemaids and footmen. Accounts to be published tomorrow reveal the monarchy costs more than £40m a year in public funds, excluding security costs, which are thought to be about £50m per year."
(Sunday Times, 28 June) RD

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