COVID-19 has devastated numerous sectors of the world economy, and even royalty is not immune. As People reports, with no end in sight to the ongoing pandemic, an estimate of the Queen’s finances indicates that lost revenue from cancelled tourist visits and assorted events at Buckingham Palace will drain $25 million from the royal coffers That forecast was made in a palace briefing on Thursday by Sir Michael Stevens, Keeper of the Privy Purse, which controls the Sovereign Grant handling the funds to pay for “official duties of the Queen, 94, her family and maintenance of occupied royal residences,” notes People.
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