QUEEN OF ENGLAND GOING BROKE!

E-online is reporting that the Queen of England is broke as a result of her excessive overspending.
The reports which were published by the Commons Public Accounts Committee on Monday, Jan. 27 categorically states that the 87-year-old monarch is down to her last $1.6m. The report also revealed that some of the palaces are in a bad shape, and are gradually deteriorating.
Below are excerpts from the reports as culled from E-online;



"Her Majesty the Queen's reserve fund has fallen from £35 million ($58 million) in 2001 to just £1 million ($1.6 million) in 2014. The report states the royal family is "spending above their means and dipping into the reserves...the balance now stands at an all-time low."
Forty percent of the palaces are "below acceptable standards."

Taxpayers fund the royal palaces in Britain, comprised of more than 300 buildings. In 2013, the public spent about £31 million ($51 million) renovating and operating the facilities. The report urged the treasury to "get a grip" and help the royal family to prevent "further damage and deterioration."
"The Queen has not been served well by the Household and by the Treasury," said Margaret Hodge, the labor chairman of the Public Accounts Committee. "We got the impression that they just haven't tried to make greater savings. Here we are, we're all in it together, but they are failing to eek better value for the Queen. They are dipping into their reserves in a way that just isn't sensible."

"If you look at the Tower of London and its visitor numbers it makes you think that there's potential there. Have they done their darndest to maximize value for money?" Hodge wondered.
The royal household has pledged to introduce a 10-year maintenance plan to resolve the backlog. It has also pledged to increase the size of its reserve fund. Married to Prince Philip since 1947, Queen Elizabeth II has four children and eight grandchildren—including Prince William & Prince Harry.

Source: E-online