The Queen knows the royal family need to cut back on spending with ‘canny decision’ about honoring Prince Philip

The Queen made a ‘canny’ decision to not honor Prince Philip, demonstrating the royal family’s attempts to limit spending, says palace insider, Angela Levin.

• The Queen decided not to honour Prince Philip in this expensive way.

• A royal insider reveals why the Queen made this 'canny' decision. 

• In other royal news, Kate Middleton jokes about buying Prince William a Spiderman suit in sweet phone call with cosplay Hold Still finalist.

Boris Johnson unveiled plans to build a £200 million new ‘Brexit’ flagship yacht to succeed the Royal Yacht Britannia.

The Prime Minister spoke about this new ship and revealed, “This new national flagship will be the first vessel of its kind in the world, reflecting the UK's burgeoning status as a great, independent maritime trading nation."

He continued to say, "Every aspect of the ship, from its build to the businesses it showcases on board, will represent and promote the best of British - a clear and powerful symbol of our commitment to being an active player on the world stage."

It has been revealed that despite pressure to name the yacht after the late Duke of Edinburgh, the Queen has elected to not be involved in the naming of the ship. 

Royal expert Angela Levin told Talk Radio that the Royal family was not involved in the creation of the ship which meant they didn’t feel an attachment and need to name it. 

Angela said, “Firstly the Royal Family wasn't involved at all in how it was built and how it was constructed. And I think to be suddenly given the opportunity to have it named after her husband she would have wanted to be involved to make sure it was something he approved of, because he was, of course, outstanding when he was in the Navy.”

The royal insider went on to say that another primary deciding factor that encouraged the Queen to not get involved was the financial side of this endeavor. 

"Secondly I think this is quite a canny decision because the comment from Buckingham Palace has been that it is too grand and I think this absolutely signals that the Royal Family know they need to be careful with their spending," she said.

She went on to say that the Queen could likely see that this huge expense would not reflect well on the royal family. She said, "If it was assumed that they were spending this or the country was spending £200 million to give them a boat with called after Prince Phillip. I think it would allow a lot of the people who are anti-monarchy to stamp their feet and march and say how appalling this was and how spoilt they were.”

She finally revealed that this yacht is not in keeping with the way that modern royals prefer to travel. She said, "Thirdly it was used very much for holidays and honeymoons, and in the Summer the Royal Family would go around all the little islands near Scotland on their way to stay in Scotland for the Summer."

She continued, "This generation, the new generation of the Royal Family don't want to go on a cruise around the islands, they want to travel in the way that they want to do."