The Chancellor weighed in to the row over the handling of the Queen’s finances last night, branding criticism of the Royal Household ‘unfair’. George Osborne spoke as several Tory MPs yesterday accused the Public Accounts Committee of ‘meanness’ and ‘grandstanding’ in a report in  which it criticised courtiers for failing to balance the books and leaving dozens of royal residences in a state of disrepair. ‘I think the Public Accounts Committee chair is being unfair to the way the Royal Household has managed its finances,’ Mr Osborne said. Chancellor George Osborne said criticism of the Royal Family's finances was 'unfair' after a committee of MPs said the Queen should rent out her palaces
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Commons watchdogs insist royals need more money-spinning ventures
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Backlog of repairs is so great it will cost £50m to restore crumbling palaces
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Public Accounts Committee wants courtiers to get 'firmer grip' on finances
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Margaret Hodge suggests extending opening season at main residence
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But Chancellor says the royals have already done a lot to cut costs
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Tory MPs condemned 'political posturing' by Labour MPs
He added: ‘Let’s not forget, not only are they a very important part of our constitution, but they are a huge attraction for tourists all around the world – the @placeholder generate a huge revenue for this country.’