Wednesday 29 January 2014
The 87-year old Queen Elizabeth II has been overspending the royal family's famous fortune, according to a report published by the Commons Public Account Committee on Monday the 27th of January.
"Her Majesty's reserve fund has fallen from 35million pounds in 2001 to just 1million pounds in 2014. The report has it that the royal family is spending above their mans and dipping into their reserves... the balance now stands at an all -time low."
The report also has it that various palaces are in bad conditions and that 40% have fallen below standard.
