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Royal Household Needs Emergency Fund
Old 01-28-2014, 11:09 PM   #1
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Royal Household Needs Emergency Fund

"Britain's Queen Elizabeth has just 1 million ($1.6 million) left in financial reserves after the royal household overspent on its budget last year.....The household needs to get better at planning and managing its budgets for the longer term .....The report also criticized the royals' "complacency" in allowing some 39 percent of royal buildings and land to slip into a state of disrepair. It said the 60-year-old heating system in Buckingham Palace alone will cost between 500,000 and 1 million to replace."

U.K.'s Queen Elizabeth down to last $1.6 million in reserves after royal overspend - World News

Apparently keeping an adequate emergency fund is even more important when you have 39 homes, some built as early as the eleventh century, to keep repaired.
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