Moment the Queen and Reagan discussed Western economics in 1991 (2022)

This is the extraordinary moment the Queenand former president Ronald Reagan chatted candidly about the economic problems facing the West, while enjoying a party on the Royal Yacht Britannia.

Reagan and his wife Nancy had been invited aboard Her Majesty's yacht for a function with the Queen in 1991.

Despite the black tie nature of the event, their conversation, in which the Queen prophetically warns that the next generation will 'have a very difficult time', is very relaxed as they chat over a coffee.

They were filmed for aBBCdocumentary, Elizabeth R: A Year in the Life of the Queen, discussing the perilous economic situation. The UK was suffering a recessionprimarily caused by high-interest rates, falling house prices and an overvalued exchange rate. The US had also been in recession the previous year, after the boom years of the late 1980s.

The footage was unearthed by student Tom Harwood in the United Kingdom. Vintage clips of the Queen have become popular on social media as fans of Netflix series The Crown seek out original footage of Her Majesty.

This is the moment the Queen Elizabeth II and former president Ronald Reagan discussed the problems faced by the next generation in the West

Reagan (left) and his wife Nancy (center) had been invited aboard Her Majesty's yacht, also known as the Royal Yacht Britannia, for a function with the Queen (right) in 1991

The footage begins with the former president asking if the coffee being served is decaffeinated. The Queen calls replies 'No, it's ordinary' before calling over a waiter to request some, then telling Mr Reagan 'We try our best. It's coming.'

Their conversation then turns to economics. Mr Reagan, who finished his second term as president in 1989, told the British monarch: 'Now if you’ve got two thirds... paying for the bureaucrats and give only one third to the needy people, something's wrong there.'


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The Queen responded by saying that 'democracies are bankrupt' because of such policies.

'But you see all of the democracies are bankrupt now, because of the way the services have been planned for people to grab,' she told him.

A BBC documentary captured the moment the pair discussed the perilous economic situation facing the UK and US over a coffee

(Video) Queen Elizabeth and Prince Phillip visit the Reagans in 1983 - Daily Mail

The Queen in conversation with the Reagans on board HMY Britannia, off the coast of Florida, 1991.

— Tom Harwood (@tomhfh) December 12, 2017

'I know, we tried to get some of these things changed and reduce them,' said Reagan.

'For example, we have a rule to this day, that a supervisor's salary is based on the number of people he supervises,' he continued.

'Well now, you have a group of people that have no interest in reducing the payroll, even if they can, because it will reduce their salary.'

The Queen, who had hosted the event for Florida's grandest society including another former US president - Jimmy Carter - agreed.

'Obviously, yes.It's extraordinary, isn't it?I think the next generation is going to have a very difficult time.'

While Reagan, who was around 80 years old at the time, appeared to carry on the conversation with ease, it is likely that he was already battling with the early onset of Alzheimer's.

Queen Elizabeth responded by saying that 'democracies are bankrupt' because of such policies

The monarch was also seen chatting to the then-First Lady Nancy Reagan

The 40th president of the United States was diagnosed with the degenerative disorder just three years later in 1994. He receded from political and public life anddied at home a decade later aged 93.


In 2010, a book marking the 100th anniversary of his birth, Ronald Reagan's son Ron, claimed that he saw early signs of dementia in 'an out-of-touch president' during the 1984 campaign.

He says he saw those signs again in 1986 where he claimed his father could not remember the names of the familiar California canyons he was flying over.

Researchers at the University of Arizona also believe Reagan was suffering from the early onset of Alzheimer's while acting as president.

They came to the conclusion after comparing transcripts of 46 news conferences that Reagan held to the 101 sessions George H. W. Bush held in his term.

The team used a new algorithm to analyse changes in his speech over his presidency, compared toGeorge H. W. Bush, and foundReagan showed a 'significant reduction in the number of unique words over time and a significant increase in conversational fillers and non-specific nouns over time.' Bush did not.

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The brief clip of Reagan and the Queen also shows other guests at the party in conversation. Former President Carter is seen discussing setting off metal detectors at airports, 'due to the amount of metal they put in'. He says he has to carry a special card to explain it, although the footage unfortunately does not include a proper explanation. He had a heart pacemaker fitted in 2006.

Countless former foreign leaders, celebrities and other high profile persons were invited aboard theRoyal Yacht Britannia until it was decommissioned in 1997.

The Queen's son Charles and then-wife Diana even honeymooned aboard the boat in 1981. They famously divorced a few years later in 1986 after multiple affairs.

Her Majesty is said to have lovedRoyal Yacht Britannia, which she viewed as a country home at sea, and was often seen wandering the decks in an old headscarf and slacks. The royal apartments were filled with photographs of her family and heirlooms.

Britannia was commissioned for the Queen’s father King George VI, but he died before the keel could be laid. One of his daughter’s first acts on becoming monarch was to reject the designs for its royal apartments as too stuffy and opulent.

She opted instead for white-painted walls, mahogany woodwork and brass metalwork, with homely touches including chintzy sofas and armchairs.

‘The overall idea was to give the impression of a country house at sea,’ said Sir Hugh Casson, Britannia’s architect. ‘There was no question of her saying “That will do”. She had definite views on everything, from door handles to the shape of the lampshades.’

Other practical considerations included a garage for the Queen’s Rolls-Royce, and a knighting stool to be carried on all voyages.

Queen Elizabeth II and Prince Philip, Duke of Edinburgh entertaining then-President Ronald Reagan and Nancy Reagan on board HMY Britannia on a previous occasion on March 4, 1983 in San Francisco harbor, California

(Video) Procession of Queen Elizabeth II's coffin to Westminster to lie in state | Special Report

On April 16, 1953, the Queen launched the yacht from Clydeside, UK, with a bottle of Empire wine. At 412ft long, and weighing nearly 6,000 tons, she was then the largest yacht in the world.

The recession of the Nineties saw questions asked about whether Britain could afford the luxury of a Royal Yacht.

Tony Blair’s Labour Government decided to retire her in 1997, and she became a tourist attraction in Edinburgh — where she still sits in the port of Leith.


Britannia was commissioned for the Queen’s father King George VI, but he died before the keel could be laid.

On April 16, 1953, the Queen launched the yacht from Clydeside, UK, with a bottle of Empire wine.

At 412ft long, and weighing nearly 6,000 tons, she was then the largest yacht in the world.

It'smain task was to take the royals on the 968 official voyages she completed during more than a million miles and nearly 44 years of service.

A place to relax: The Queen smiles as she looks out to sea from the deck in 1972

HM The Queen and HRH The Duke of Edinburgh on board HMY Britannia in March 1972. Part of a series of photographs taken for use during the Silver Wedding Celebrations

On these trips the Queen was accompanied by a retinue of up to 45 household staff, among them a hairdresser, surgeon and chauffeur. They took on board five tons of luggage, including the Malvern mineral water preferred for making the Queen’s tea and a set of mourning clothes in case of an unexpected death in royal circles.

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Britannia was a ship of two halves.Forward of her central funnel lived the ship’s 20 officers and 220 yachtsmen, who worked under unusual constraints.

They would wear sneakers to avoid disturbing the royals and shouting and running were forbidden.

As in all their residences, the Queen and Prince Philip slept in separate bedrooms. And like all the Britannia cabins, these had only single beds, presenting a challenge for honeymooning newlyweds.

When Princess Anne and Mark Phillips toured the West Indies following their wedding in 1973, they reportedly had their twin beds lashed together, while Prince Charles was rumored to have arranged for a double bed to be taken aboard for his honeymoon with Diana in 1981.

Queen Elizabeth II, Prince Philip, Princess Anne and Prince Charles disembark from HMY Britannia prior to a banquet at Hakonshall in Bergen during a Royal Visit to Norway on 7th August 1969

A canvas swimming pool was occasionally put up for the children on the upper deck where the family would sunbathe, and Prince Philip would sometimes put up his easel to paint.

If they were near to shore, they might set up picnics on secluded beaches.

Dinner aboard each night began with drinks at 7.30pm. During every evening meal entertainment was provided by a 26-strong band of Royal Marines, and during state banquets the staff kept an eye out for official guests purloining the odd silver spoon or fork as a souvenir.

On other evenings, the royals retired to the drawing room, in one corner of which was a baby grand piano, bolted to the floor in case of storms.

Over the years the ivories were tinkled by the likes of Noel Coward, and Princess Margaret also liked to take a turn, playing late into the night with a cigarette holder clenched between her teeth.

The Queen in a headscarf aboard Royal Yacht Britannia In Portsmouth in an undated photo

The end for the Britannia came in the Nineties recession when then Prime Minister Tony Blair decided to retire her in 1997.

She remains a tourist attraction in Edinburgh — where she still sits in the port of Leith.

The moving decommissioning ceremony was the occasion on which Her Majesty famously cried in public for the first time — and her sadness was understandable.

In bidding farewell to Britannia, she was saying goodbye not just to a ship, or floating official residence, but also a much-loved home.

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(Video) President Reagan’s Remarks at a Dinner Honoring Queen Elizabeth II on March 3, 1983


Did Ronald Reagan and Queen Elizabeth get along? ›

President Ronald Reagan Reagan and First Lady Nancy Reagan met with Queen Elizabeth II and her husband, Prince Philip, on numerous occasions, according to historical records, and their friendship transcended beyond those meetings, according to said Melissa Giller, a spokeswoman for The Ronald Reagan Presidential ...

Did Queen Elizabeth II attend Ronald Reagan's funeral? ›

Some of the early international tributes to Reagan included those of Queen Elizabeth II, former British Prime Minister Margaret Thatcher, former Soviet Union Leader Mikhail Gorbachev (also attending the funeral), British Prime Minister Tony Blair, former Canadian Prime Ministers Brian Mulroney and Paul Martin, and ...

When did Reagan meet the Queen? ›

In 1982, the Reagans visited Her Majesty and the Duke of Edinburgh at Windsor, where the Queen and Ronald Reagan carried out a specially orchestrated ride through Windsor Great Park, trailed by more than 150 photographers and a Range Rover full of Secret Service agents.

What did President Reagan do? ›

Reagan enacted cuts in domestic discretionary spending, cut taxes, and increased military spending, which contributed to a near tripling of the federal debt. Foreign affairs dominated his second term, including the bombing of Libya, the Iran–Iraq War, the Iran–Contra affair, and the ongoing Cold War.

Who is Queen Elizabeth's favorite child? ›

The Crown says Andrew was her favourite

However, in one episode, the Queen reveals that her favourite child is Prince Andrew, and many have always speculated this is true in real life.

Which US president did the Queen not meet? ›

The next president — Lyndon Johnson — was the only one Elizabeth did not meet. There's no definitive explanation as to why, but the meetings resumed with Richard Nixon. Queen Elizabeth II waves as she stands with President Gerald Ford and first lady Betty Ford on the balcony of the White House on July 7, 1976.

When did Queen Elizabeth first come to America? ›

May 26, 1989 | Lexington, Ky. Queen Elizabeth II is welcomed by a child upon her arrival during a private visit to the U.S.

How many people gathered for the Queen's funeral? ›

To accommodate all countries wishing to be allocated seats, the UK government limited the number of members in each official diplomatic delegation to two. 500 heads of state and foreign dignitaries were present at the funeral ceremony, which was attended by 2,000 people in total.

How many people watched the funeral of Princess Diana? ›

Television coverage of the funeral was watched by 31 million people in the United Kingdom, making it one of the most watched live broadcasts to date (second only to the 1966 FIFA World Cup Final).

Did Queen Elizabeth visit the White House? ›

Beginning in 1951, Queen Elizabeth II cultivated a seventy-year friendship with the White House, visiting the United States several times as both princess and queen. Her visits have included four State Visits, five State Dinners, and two unofficial visits during her reign.

Did Queen Elizabeth ever meet queen the band? ›

Even though people are convinced that she stopped for a photo opportunity with the band, that's just not the case.

How many times did Queen Elizabeth visit California? ›

In the 70-year reign of Queen Elizabeth II of England, the monarch visited the city of Sacramento but once.

How did Reagan fix the economy? ›

The pillars of Reagan's economic policy included increasing defense spending, balancing the federal budget and slowing the growth of government spending, reducing the federal income tax and capital gains tax, reducing government regulation, and tightening the money supply in order to reduce inflation.

What were the positive and negative effects of Reaganomics? ›

The success of Reagan's policies is heavily debated. The US experienced mixed consequences. On the one hand, the real GDP improved by 26% (above 1980 figures), from 13.5%, inflation was brought down to 4.1%, and unemployment dropped from 7.6% to 5.5%. But, on the opposite spectrum, the rich became richer.

Was Reaganomics successful Why or why not? ›

Reaganomics did ignite one of the longest and strongest periods of economic growth in the US. The result of tax cuts depended on how fast the economy was growing at the time and how high taxes were before they were cut. Cutting taxes only increases government revenue up to a certain point.

Who is the least popular royal? ›

Prince Andrew is still firmly the least popular member of the royal family in the eyes of the public, though. The Queen's son has been in the spotlight for a much more damaging reason.

What is Queen Elizabeth's favorite food? ›

The former royal chef revealed the Queen loves chocolate!

"For a first course she loved the Gleneagles pâté, which is smoked salmon, trout and mackerel. She loved using ingredients off the estate and so if we had salmon from Balmoral from the River Dee, she'd have that, it was one of her favourites.

What is Queen Elizabeth's favorite cake? ›

chocolate biscuit cake from the British royal kitchen

Chocolate biscuit cake is Queen Elizabeth's favorite cake ~ she would take a small slice every day with her tea, until the cake was finished, and then she'd start on a fresh one!

How many popes has the Queen met? ›

As the longest reigning British monarch in history, Queen Elizabeth has met four Popes as Queen, five in her lifetime. Though the Queen was born on 21 April, her birthday is celebrated on the second Saturday in June, which this year falls on the 13th.

Where Will Queen Elizabeth be buried? ›

Later that evening, the Queen was buried with her husband, Prince Philip, alongside her parents and sister in Windsor Castle's King George VI Memorial Chapel in the Royal Vault. The burial and service was entirely private, attended by King Charles and other members of the royal family.

How many countries has the Queen visited? ›

With a prime focus on visiting countries in the Commonwealth, Queen Elizabeth II is thought to have visited at least 117 countries in her lifetime. This incredible feat makes her, by far, the most-travelled monarch in Britain's history.

Has the Queen been buried? ›

On September 19, the Queen's state funeral took place at Westminster Abbey followed by a Committal Service held at Windsor Castle in St George's Chapel. Later in the day, the Queen was buried in the King George VI Memorial Chapel in a private service attend only by members of the Royal Family.

Who convinced the Queen to start a colony in the New World and was given a charter to do it? ›

Walter Raleigh

He charmed Queen Elizabeth I with his good looks, wit and manners, and became one of her favourites during the early 1580s. In addition to his patent for America, Raleigh was granted a wine-trading monopoly in 1583, and appointed Captain of the Queen's Guard in 1586.

Has the Queen ever visited the USA? ›

Bicentennial Royal Visit, 1976: During the American Bicentennial of 1975-1976, Queen Elizabeth II visited the United States and the White House on a goodwill tour. During this visit, the royal couple were hosted by President Gerald Ford and First Lady Betty Ford for a State Dinner on July 7, 1976, in the Rose Garden.

How much is the Queen's crown worth? ›

Some jewellery experts have estimated it to be worth between £3 billion and £5 billion, with the 317-carat Cullinan II (the diamond at the centre of the piece) alone being estimated at £400 million.

Who will carry the Queen's coffin? ›

The pallbearers hail from the Queen's Company, the 1st Battalion Grenadier Guards. 'It's their role to protect her body, both in life and in death, remaining in the Queen's Company until King Charles decides otherwise,' explained Major Adrian Weale to the PA.

Are funerals usually in the morning? ›

Late morning to early afternoon is the most common time frame for funerals. Families often choose this time bracket so that their guests can stay for a luncheon or reception before heading back home. In contrast, wakes, viewings and visitations are usually occur in the evening, the night before the funeral.

How much did Princess Diana's funeral cost? ›

Princess Diana's 1997 funeral cost between 3 million and 5 million pounds in 1997, or somewhere between $7 million and $8 million when adjusted for inflation.

What clothes are royals buried in? ›

It is also considered a sign of respect for the deceased and their loved ones. Many royal women wear black dresses, a hat or a fascinator and black tights at royal funerals. Above, Sarah, Duchess of York, Princess Anne and Zara Tindall are pictured at the Princess of Wales' funeral in 1997.

Was Michael Jackson at Princess Diana's funeral? ›

Jackson was not present at Diana's London funeral alongside other friends of the late Princess, including Elton John and George Michael, but attended a memorial service for her held in Los Angeles where he told reporters he was there in “honor of my friend who is no longer here… I love her.”

Which president did the Queen dance with? ›

During her 1961 tour, the Queen famously danced with Ghana's president Kwame Nkrumah at a farewell ball in Accra, which many scholars believe was a symbolic moment in the history of the Commonwealth.

What countries does Queen Elizabeth rule? ›

As of 2022 there are 15 Commonwealth realms: Antigua and Barbuda, Australia, The Bahamas, Belize, Canada, Grenada, Jamaica, New Zealand, Papua New Guinea, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Solomon Islands, Tuvalu, and the United Kingdom.

Has the Queen watched the crown? ›

The Queen. It's unclear if the late British monarch watched the show that centers around her reign. But Vanessa Kirby, who played Princess Margaret in the first two seasons, heard the British monarch might be a fan from a friend.

What is Queen Elizabeth's favorite band? ›

ABBA, show tunes and Cliff Richard: Queen Elizabeth II's favourite music.

What did paul McCartney think of Queen? ›

Over the course of his career, McCartney, who wrote the Beatles' “Her Majesty” for the monarch, estimates he met Queen Elizabeth II “eight or nine times,” and “each time she impressed me with her great sense of humor combined with great dignity.”

What singers did the Queen like? ›

Throughout her reign, The Queen had the privilege of meeting some of the greatest singers and songwriters of our time. From The Beatles and Cliff Richard and Queen to George Michael, Sir Tom Jones and Take That - the Queen had seen them all.

Do the Royals go to Disney? ›

Disney's magical rides, whimsical characters, and Mickey-shaped treats create memorable trips for royals and commoners alike. Princess Diana took Prince William and Prince Harry to Disneyland in 1993. Royals from Belgium, Morocco, Sweden, Denmark, Norway, and Japan have all visited Disney parks.

What did Queen Elizabeth think of Yosemite? ›

She was accompanied by her husband, Prince Philip. She was the first English monarch to visit Yosemite. During her visit, Queen Elizabeth II said she was “delighted to be here.”

Did Queen Elizabeth ever come to California? ›

In honor of Queen Elizabeth II's Platinum Jubilee, we are taking a look back at her first visit to California in February and March of 1983.

What were the four major elements of President Reagan's economic plan quizlet? ›

Economic policies promoted by Ronald Reagan in the 80s. Four pillars: reduce growth of government spending, reduce federal income tax and capital gains tax, reduce gov. regulation, and tighten the money supply to reduce inflation.

What was Reagan's supply-side economic policy? ›

The administration of Republican president Ronald Reagan promoted its fiscal policies as being based on supply-side economics. Reagan made supply-side economics a household phrase and promised an across-the-board reduction in income tax rates and an even larger reduction in capital gains tax rates.

Was Reagan's trickle-down economics successful? ›

According to trickle-down economics, Reagan's and Bush's tax cuts should have helped those at all income levels. But the opposite result took place: income inequality worsened. Between the years 1979 and 2005, the bottom fifth saw a 6% rise in after-tax household income.

What were the long term effects of Reaganomics? ›

The “stagflation” and “malaise” that plagued the U.S. economy from 1973 through 1980 were transformed by the Reagan economic program into a sustained period of higher growth and lower inflation. In retrospect the major achievements of Reaganomics were the sharp reductions in marginal tax rates and in inflation.

What were some of the effects of Reaganomics? ›

Under President Reagan's administration, marginal tax rates decreased, tax revenues increased, inflation decreased, and the unemployment rate fell. Current perceptions of Reaganomics are mixed.

What did Ronald Reagan say about inflation? ›

On the campaign trail in 1980, Reagan described inflation as “violent as a mugger, as frightening as an armed robber and as deadly as a hit man.” He would spend the first few years of his presidency beating down inflation.

What was the key element of Reagan's plan to meet the economic crisis in 1981? ›

During the campaign of 1980, Ronald Reagan announced a recipe to fix the nation's economic mess. He claimed an undue tax burden, excessive government regulation, and massive social spending programs hampered growth. Reagan proposed a phased 30% tax cut for the first three years of his Presidency.

Which economic theory could also have been called Reaganomics? ›

Supply-side economics is sometimes known as Reaganomics for its association with President Ronald Reagan.

How did Reaganomics affect education? ›

Governor Reagan slashed spending not just on higher education. Throughout his tenure as governor he consistently and effectively opposed additional funding for basic education. The result was painful increases in local taxes and the deterioration of California's public schools.

Why was Ronald Reagan not in the crown? ›

President Reagan would not have fit in with the narrative the show was trying to form. He was sharp, intelligent, personable, and quick on his feet. The Crown showrunners were clearly trying to show Conservatives as out-of-touch glory hogs who have no empathy for the working class.

How old was the queen in 1983? ›

The Queen, 56 years old at the time, and Prince Phillip landed at the Sacramento Metropolitan Airport at 10:56 a.m. aboard Air Force II, where they were then driven 25 minutes to Sutter's Fort, according to a March 5, 1983 Sacramento Bee article.

Who are the grandchildren of Queen Elizabeth? ›

Queen Elizabeth II

Was Prince Philip in the Navy? ›

After instructing in the Petty Officers' School and attending the Naval Staff College at Greenwich, Prince Philip, now The Duke of Edinburgh, was appointed First Lieutenant of HMS Chequers in 1949 and was stationed in Malta when he was joined by Princess Elizabeth.

What the Crown missed? ›

The show recreated Diana's dress but did not include the ceremony. The Crown's fourth season trailers teased Princess Diana's wedding dress for months, so it came as a surprise when the show skipped her extravagant wedding to Prince Charles. Now we know the real reason the Netflix series did not recreate the moment.

How many US Presidents are related to the Queen of England? ›

She's met 12 US American presidents total at places including Buckingham Palace, Windsor Castle, the White House, and even a Baltimore Orioles game.

How many times has Queen Elizabeth visited the United States? ›

Beginning in 1951, Queen Elizabeth II cultivated a seventy-year friendship with the White House, visiting the United States several times as both princess and queen. Her visits have included four State Visits, five State Dinners, and two unofficial visits during her reign.

What were the Queen's last words? ›

“In loving memory, Elizabeth,” the card read. Queen Elizabeth II is also a successor of Queen Elizabeth I, also known as the Virgin Queen, who was Queen of England and Ireland from 1558 until her death in 1603. According to RMG, Queen Elizabeth I's last words were, “All my possessions for one moment of time.”

Who will be the next Queen? ›

Charles was named the new King of the United Kingdom and the 14 Commonwealth realms on September 8, 2022, after the death of Queen Elizabeth II. He is the eldest son of Queen Elizabeth II and Prince Philip. His wife, Camilla Parker Bowles, took on the title of Queen Consort after he became king.

How old is the Queen today 2022? ›

Queen Elizabeth II of the United Kingdom of Great Britain and Northern Ireland died on September 8, 2022, aged 96.

Are Queen Elizabeth and Prince Philip related? ›

Having had the same great-great-grandmother, Queen Victoria, Queen Elizabeth and Prince Philip were third cousins.

How much is the Queen's crown worth? ›

Some jewellery experts have estimated it to be worth between £3 billion and £5 billion, with the 317-carat Cullinan II (the diamond at the centre of the piece) alone being estimated at £400 million.

Who is Queen Elizabeth's favorite grandson? ›

As the eldest child of Princess Anne and her ex husband Captain Mark Phillips, he is the late Queen's first grandchild. In fact, he has been referred to as having been the Queen's 'favourite grandson', and Peter has gone on record as saying that they were 'very close.

What rank is Prince Harry? ›

Prince Harry, Duke of Sussex

What military rank is Prince Edward? ›

The Earl holds three military positions in Canada, as Colonel-in-Chief of the Hastings and Prince Edward Regiment, the Prince Edward Island Regiment and the Saskatchewan Dragoons.

Who will be the next King of England? ›

Prince Charles is presently heir (next in line) to the British throne. He will not become king until his mother, Queen Elizabeth, abdicates (gives up the throne), retires or dies. When either of these happen, Prince Charles may abdicate and pass the throne to his eldest son Prince William.


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