BusinessCompany NewsThink of a number …

Think of a number ...

In the interests of transparency, the Queen has published her accounts for the first time. And while the combined fire power of forensic accountants and regulators struggle to understand the financial disasters at Enron and WorldCom, here is a set of figures that everyone can understand: travel, heating, staff, carriage processions, stationery.

The figures also detail such items as £11,000 a year on crockery and cutlery. Now the British public is sure to understand about a few breakages, but what’s happening to the cutlery? Are adoring fans stealing it from garden parties? Are the staff making off with it? Perhaps the royal household needs to learn a few lessons on cost control.

And on the subject of value for money, the Queen’s cousin, Prince Michael of Kent seems to be getting a pretty good deal at someone’s expense. He pays #69 a week rent for his five-bedroom flat at Kensington Palace.

Suddenly that royal estate revenue begins to look somewhat deflated.

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