The British Queen is all set to feel the pinch of the economic downturn as she faces a pay freeze until 2015 as part of austerity measures imposed in a shake up of the royal finances.
The royal household is on course for six successive years of funding cuts -- affecting the Queen's income, which has dropped in real terms since 2009.
Under the new arrangement, the Queen will receive 15 per cent of the profits made over two years from the Crown Estate, whose portfolio includes Regent Street, Windsor Great Park and more than half the country's shoreline.
Chancellor George Osborne has imposed the freeze on the Queen's taxpayer funding -- setting payments at 30 million pounds per year until April 2013. But she will receive a further one-off payment of 1 million pounds to fund the cost of the diamond jubilee
