Queen Elizabeth II and the royal family are facing an estimated $45 million dollar hit due to the impact of the coronavirus pandemic. On Friday, the royal family's 2019-20 financial report was released by royal treasurer Sir Michael Stevens, also known as the Keeper of the Privy Purse. Stevens emphasized that while the pandemic will cause a decline, the royal family is not seeking financial assistance from the government. Earlier this year, Meghan and Harry announced their decision to step away from their roles as senior members of the royal family. Buckingham Palace has been closed for public tourism since April, impacting the royal family’s income that isn’t granted from the U.K. Treasury.

Source: Fox News September 25, 2020 14:48 UTC