The Spectator

Leading article: Our sovereign debt

If the government were to grant an award to the public servant who has made the greatest effort over the past year to manage expenditure, Her Majesty the Queen would be a strong contender. The royal public finances, published this week, reveal that the cost of running the royal household has fallen over the past year by 5.3 per cent to £32.1 million. Proportionally, the Queen has made more cuts in one year than George Osborne intends to do over five. The royal household is now costing the taxpayer less in absolute terms than it was in 2007.

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