Queen tightens one's belt by cancelling Palace X-mas party

More than 600 people usually attend the Christmas party, which is paid for by the Queen's private fund, CNN reports. It used to be an annual event until two years ago, when Buckingham Palace announced it would be biennial. "The Queen is acutely aware of the difficult economic circumstances facing the country and, given the current economic climate, it was thought that it was appropriate for the royal household to show restraint," the spokesman said. However, the move from the Palace seems to contradict Prime Minister David Cameron's robust defence earlier this month of the governme...