As a huge financial crisis looms around, the economies and organizations all across the globe are reconsidering their financial plans to soak the shock as effectively as they can. In this regard, the royal house is no exception. The surging loses are becoming the major concern for the royals especially their head the Queen.

Author and royal financier David McClure has expressed fears that the royal family may have to struggle to cope up with losses they are racking up due to the scaled-down business led by the rage of the pandemic. In conversation with Express, McClure stated that the royal crown may be ‘hurt economically’ both in the short and long-term. Mr. McClure also brought to light the changes that we may expect in the royal family and businesses in a bid to get the system back on track.

Mr. McClure is rolling out a new book titled The Queen's True Worth based on the financial performance and financial struggles of the monarchy over the years. The book is expected to make its way out around September. 

The author has made claims that the slowdown of flows caused by the coronavirus will eat into the money going to the royal wallet. He added that this crisis is set to affect their business for a foreseeable future and applies to ‘things like visitor admissions to Buckingham Palace’, Windsor Castle, and the likes of the same.  

The closure and loss of revenue will continue to get worse even though some of the royal destinations have opened their gates to visitors.  Many of the Duchies will also be affected due to the losses including Queen’s Duchy, Prince Charles’s Duchy, and Cornwall’s Duchy.

Some of the royal organizations have already issued profit warnings for the coming period. The royal family has said that this year was comparatively easier to go by, but the next one is expected to strike as the most challenging time.

According to McClure, in the long-term, the crisis will definitely force the monarchy to reconsider their way of connecting with people, and what’s important to see is - how they do it.

The royal family may be resorting to video conferencing technology to make up for it - which will be a good step to reduce the carbon footprint as they wouldn’t be traveling as much. Queen has steered the royal family through hard times before including 2008's mega depression. This time it doesn't only concern finances, but also health - the challenge is tougher. Well, the monarch must be well prepared to take it down.