It looks like word of the bad economy has finally reached Buckingham palace!

British Royal Prince William and his fiancé, Kate Middleton, have decided to skip the garish, expensive honeymoon following their spring wedding. Instead, the pair have opted for a trip to the picturesque but geographically convenient Isles of Scilly just off the coastal town of Penzance.

Gotta love those lighthouses!

It’s been said that this vacation choice was not only easier on the royal family’s wallet but also made the security detail surrounding the couple far more manageable. After the recent attack on Charles and Camilla, the last thing the royal family needs is another dangerous breach.

It should be a trip down memory lane for William, who used to vacation in the isles when he was younger with brother Harry and his royal parentals, Charles and Diana.

The couple will wed on April 29^th at Westminster Abbey.

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Princes William and Harry have confirmed they will organize a concert in honour of their late mother, Princess Diana.

It will take place July 1, 2007, in Wembley Staidum on what was to be her 46th birthday.

“We wanted to have this big concert with, you know, full of energy, full of the sort of fun and happiness which I know she would have wanted. And on her birthday as well, it’s got to be the best birthday present she ever had…The main purpose is to celebrate and to have fun and to remember her in a fun way,” said William, in a TV interview Tuesday.

The star-studded event will host an astounding 60,000-person audience who will see Elton John, Duran Duran, Brian Ferry, Joss Stone and tunes by Andrew Lloyd Webber.

A memorial service is to follow on August 31st, the 10th anniversary of her death.

Princess Diana and her boyfriend Dodi al-Fayed died in a car crash in Paris.

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