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Queen Elizabeth II to trim costs as COVID-19 hits income - Black News Channel

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By Associated Press Undefined LONDON (AP) — Britain's Queen Elizabeth II and her family are facing a 35 million pound ($45 million) hit from the coronavirus pandemic, partly due to a shortage of tourists, the monarch's money-manager said Friday. Releasing the royal household's annual accounts, Keeper of the Privy Purse Michael Stevens said a lack of income from visitors to royal buildings was likely to bring a general funding shortfall of 15 million pounds ($19 million) over three years. He said the impact of the pandemic is also likely to cause a 20 million-pound ($25.4 million) shortfall in a 10-year, […]

The post Queen Elizabeth II to trim costs as COVID-19 hits income appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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