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Detailed text transcripts for TV channel - FOXNEWS - 20140131:16:54:00

and company kept to a budget every year and suddenly just slipped. there has been a change in their funding. they get a lump sum grant now. parliament for the first time is able to take a look and found that the queen and company are in the red. we don t think the queen is as well-served as she should be by the royal household. and by the u.k. treasury. so they re spending more than they re getting in. they re dipping into their reserves and the reserves are down to a million pound. about 1 1/2 million dollars. reporter: so parliament is blaming the bean counters here, not the queen specifically. she gets a grant of about $50 million a year and her household went over that by $4 million last year. another important finding of this, study is that 40% of the queen s estates are in pretty serious need of repair. buckets are collecting water that looks through roofs in some properties. boilers are 60 years old. the heating bills come to over a million dollars a year. now the palace say

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