Spiralling costs have plunged the Queen into financial crisis, according to recent published reports.
The Queen’s financial management has come under fire in a recent report by the Independent newspaper, which suggests that the monarch requested public money to maintain palaces whilst allowing royals and courtiers to live rent-free in many of them. It also suggests that the Queen is ‘pressing hard’ for a pay rise.
The newspaper says it has gained access to more than 100 letters, emails, memos and other documents passed between Buckingham Palace and the government which outlines the extent of mounting debt facing the royal household.
It claims that back in 2004 a request was put forward by the Keeper of the Privy Purse, Sir Alan Reid (a former KPMG p...