You have to hand it to the Royals. According to Time Magazine, Prince Charles has decided to tighten the purse strings as the rest of his country goes down the tubes because of the financial crisis.
According to Time, he has reduced his official spending to a mere $13.8 million and he now only spends $1 million jetting around the world, largely because he is now taking more freebies.
And according to this report, he is now putting on finger buffets and bowl food for his 9936 visitors and he only employs 149 servants.
But at the same time, we have reports that the Queen has actually increased her spending while the rest of the UK continues to struggle.
All this coincides with the Bank of England warning that Britain could easily slip back into recession.
We will only know the Royals are starting to feel the pinch when they sell choice real estate like Balmoral. Maybe in the meantime, Prince Charles should think of moving in with this mother.
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