Now even The Queen pull's up her socks to save pennies. With more than six million people residing in Britain, the taxes of the royals drops down by 7 pennies on every single citizen in Britain. As recession grips the whole world, all the countries are forced to enter the new era of austerity. And so does Britain to ward off the crisis faced by the national treasuries of Europe. With queen's objectives facing core budgets and assembly of higher taxes, Queen Elizabeth II comes up with most of them describes it as deterrent strike against people who say that this acutely indebted country can no longer withstand the tawdry traps of its Monarchy.
Queen shrinks salaries of her royal servants and salts away more than 73,000 dollars and revising all the unwanted and vacant slots and thereby, cutting down 1,400 of her staff members. This comprehends a royal bagpiper and the official counter for swans. For the first time ever in her dominion of 58 years, she ayes to even up audits of royal expenses by same agency that keeps a track of defense, education and other government expenditures.
According to the 2009-2010 statistics this family has cut short its expenditures by 7.9 percent. The citizen that bears the expenses of their queen and her family in the form of taxes had to spend 3.3 million pounds less this year. Even after so much saving from everyone the expenses were 38.2 million. The family plans to cancel its official engagements and reduce the spending by 25 percent this year. Even little-little things are kept in mind. Like, according to the official the roof leaking at Buckingham Palace will be patched on temporary basis instead of being repaired. The idea of replacing the water pipes of asbestos with that of Victorian era lead ones is dropped for now.
The minor royals, which are Queen's granddaughters, Princess Eugenie and Princess Beatrice are also set to lose their bodyguards who used to be with them for 24 hours.
Collectively due to the efforts of the royal family they are able to save a sum of 4 million dollars, the palace people proudly claim this week. The royal household anticipated the difficult economic times long back and started to take care of the expenditures since 2009 itself. The privy purse keeper and the top accountant in the queen's court said," the palace is aware of the economic crisis causing austerity. They themselves have decided to cut down the civil list expenditure. We will make sure that of every vacancy and will avoid replacement as much as possible.
But still there is no doubt to be sure that Queen still lives like a Queen. A budget of 1.18 million dollars is decided for the summer garden parties. Even limiting her travel will save a pretty lot of pennies. Her visit to Bermuda, with Prince Philip last November did put up $ 550,000. Fortunately it's not just the citizens; it's sometimes the British colonies also, who bear these expenses.
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