Guests at the party, which was due to be held at The Ritz this weekend, would have been served champagne from crystal-studded bottles and dined off tablecloths covered with sparkling jewels.
But with her subjects facing rising bills and falling house prices, and the banking system paralysed by the so-called "credit crunch", the Queen has decided that the celebration would be regarded as insensitive.
Shit! Should I start worrying now?
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