The Queen Will Not Request Extra Funding Following Estimates of a $45 Million Shortfall
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harpersbazaar.comThe British Royal Family are facing increasing pressure to tighten purse strings across the board after the latest royal accounts reveal that the establishment will suffer an estimated $44.5 million shortfall due to COVID-19 losses.A sharp decline of tourist numbers at royal residences across the country due to the pandemic will see the queen lose over $6.3 million a year for at least the next three years, a senior aide confirms to BAZAAR.com. “In responding to both these financial challenges, we have no intention of asking for extra funding and will look to manage the impact through our own efforts and efficiencies,” Sir Michael Stevens, the queen’s treasurer, explains.Despite not asking for extra funding as a result of the pandemic, the.
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