London • Britain's royal household needs to get a little more entrepreneurial, eye possible staff cuts and replace an ancient palace boiler, lawmakers say in a new report.
The report published Tuesday on the finances of Queen Elizabeth II has exposed crumbling palaces and depleted coffers, and discovered that a royal reserve fund for emergencies is down to its last million pounds ($1.6 million).
Legislators on the House of Commons Public Accounts Committee urged royal officials to adopt a more commercial approach and suggested opening up Buckingham Palace to visitors more often.
The committee said the royal household needed more cash to address a serious maintenance backlog on crumbling palaces. It said at least 39 percent of royal buildings — and probably more — were in an unacceptable state, "with some properties in a dangerous or deteriorating condition."