Queen Elizabeth Instructs Princes To Rein In Extravagance

01/15/2009 05:12 am ET | Updated May 25, 2011

Always concerned about staying in touch with her subjects, Queen Elizabeth II has invited the royal family to follow her example and tighten the purse strings during the financial downturn.

The 82-year-old monarch has warned her grandsons Princes William, 26, and Harry, 24 -- third and fourth in line to the throne -- that all ostentatious signs of living it up would be inappropriate, according to newspapers.

British subjects are apparently in no mood to see the young royals partying in exclusive London nightclubs while the kingdom sinks into recession, the cost of living rockets and jobs are lost.

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