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the Queen
’The Sovereign’s Wealth Fund
Poor Queen.
The House of Saud controls the world’s largest oil reserves, and with them, a tidy annual revenue stream of about $200bn.
The House of Windsor gets an annual dividend from a stake in a glorified buy-to-let property fund,
Received at her majesty’s pleasure
So why would the Queen hold an audience with Mervyn King for the first time ever since she came to the throne 57 years ago? Does Mervyn have some gilty confessions to make?
Here’s our suggestion:
A Right Royal Crunch
Financial contagion spread to The Ritz in London at the weekend when the Queen marked herself to market and decided it would be “inappropriate” to hold a party to celebrate her diamond wedding when the country was on the brink of recession.