LONDON -- After the pricey glitz of Britain's royal wedding celebrations, Queen Elizabeth II must prepare for a pay cut under the country's austerity measures, lawmakers warned Thursday.

Treasury chief George Osborne said plans being put for approval to lawmakers would see public funding to the royal family fall by about 9 per cent by 2015.

Under the government's plan, the queen's household would receive an estimated £34 million ($55 million) in the financial year 2013-2014. The figure is roughly the same as now, and in effect would be a cut in her funding once inflation is taken into account.

Under new rules, the amount the queen receives from taxpayers to meet t ...

Click here to read more at The Tribune