Queen nightmare: Monarch forced to AXE dozens of Palace staff amid £100million ...

QUEEN ELIZABETH II suffered a huge monetary loss during the COVID-19 pandemic as multiple royal residences were closed to the public, an expert has explained.

PUBLISHED: 07:15, Mon, Sep 21, 2020 | UPDATED: 07:16, Mon, Sep 21, 2020

The Queen, 94, suffered a £100million loss during the coronavirus pandemic as popular tourist sites were forced to close, which will result in 86 full-time positions being made redundant, according to an expert. The Historic Royal Palaces had forecast an income of £110million for 2020 but have had to re-evaluate the figure to just £10million. The charity has since had to cut 86 full-time positions.

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Speaking on ITV's royal rota, Mr Ship said: "The impact coronavirus has had on the royal finances.

"Not the Queen's income from the Sovereign Grant or the Duchy of Lancaster but this is for the charities, the historic royal palaces."

Producer Lizzie Robinson said: "The historic royal palaces have six unoccupied sites; the Tower of London, Hampton Court, Banqueting House, Kensington Palace, Kew Palace and Hillsborough Castle.

"They were forecasting an income of around £110million this year.

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Queen Elizabeth IIQueen Elizabeth II suffered a £100million loss during the coronavirus pandemic (Image: GETTY)

Queen Elizabeth IIQueen Elizabeth II and Prince Philip have been self-isolating at Balmoral Castle this summer (Image: GETTY)

"But because of the pandemic they are now only forecasting an income of £10million."

Mr Ship added: "So it's a £100million loss.

"They're saying that they're having to make 86 full-time positions redundant which is going to affect 145 people from their payroll."

It comes as the Queen and the Duke of Edinburgh have travelled

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