Is the Queen running out of money?

"One is down to one's last million" is how several British newspapers have reported the fact that the Queen's household finances have hit an historic low - with only a million pounds now left in reserve, compared with 35 million just over a decade ago. A report by the House of Commons Public Accounts Committee has concluded that the Queen's advisers are failing to control her finances at a time when the royal palaces are said to be "crumbling." So how bad is it? We hear from Margaret Hodge, the chairman of the committee, royal historian Kate Williams and Kathleen Brooks research director at FOREX.com