U.K. Can’t Afford New Royal Yacht

Does the queen need a new yacht? She so loved her old one, the Britannia, that she shed a tear when it was decommissioned in 1997 after 44 years of service. But when U.K. Education Secretary Michael Gove suggested she should receive a replacement, Prime Minister David Cameron quickly turned down the idea of providing any public funding for a new ship, even if it’s to mark the queen’s Diamond Jubilee year. “We don’t think it would be an appropriate use of public money at the present time,” Cameron’s spokesman said Monday. A new yacht would cost at least an estimated $92 million.