Given current economic conditions, the British government is planning to cut down the amount of public money that goes to Queen Elizabeth II. That means she will receive only about $50 million a year, that’s about half of what taxpayers paid the royal family before the economy dipped in a big way.
The Queen has reportedly been more frugal lately and has been reported to be saving on her power bill. However, the austerity measures regardless, she has also reportedly paid about $800,000.00 for a new horse.
