The Queen is facing a freeze to her income until 2015 as part of austerity measures imposed in a shake up of the royal finances, it has emerged. The Queen is on course for six successive years of cuts for funding for the royal household, new figures show. A tough financial deal is a result of replacing the civil list with the sovereign grant, under which her funding is linked to profits at the Crown Estate. The new formula, passed into law six weeks ago, also replaces taxpayer funding for royal travel and royal palaces. The squeeze on the monarch's income is likely to delay a backlog of repairs to royal palaces. ... (full story)