Royal Squeeze

With the UK economy struggling, Buckingham Palace is in for budget busting.
1:03 | 12/05/11

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Transcript for Royal Squeeze
-- sign of the times word of some budget busting at Buckingham Palace tonight -- the pay freeze for the queen and the push for Prince Charles paid up. Prince William and Kate Middleton are fast becoming global superstars with British taxpayers won't be footing the bill for the travels and the security. Prince Charles pick up tab. It's the latest move by parliament to -- the kingdom's own deficit. -- budget has been -- already but now there's more no repairs for the royal palaces and fewer royal parties to. But the -- already has a reputation for being -- You can't really realize. That the -- is getting -- Buckingham Palace. Turning off the lights have having fewest half that in the -- attending -- heating -- -- -- sometimes even write such as in have burial for a candidate. The -- is even offered to Rendell part of saint James palace during between twelve London Olympics. But even though there may be cuts parliament also knows that the royal family is a huge tourist magnet bringing at least 785 million dollars to great -- -- every year.

This transcript has been automatically generated and may not be 100% accurate.

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