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    Home > Top Stories > Britain’s Queen Elizabeth dies peacefully at Scottish home aged 96
    Top Stories

    Britain’s Queen Elizabeth dies peacefully at Scottish home aged 96

    Published by Wanda Rich

    Posted on September 8, 2022

    3 min read

    Last updated: February 4, 2026

    This image captures Queen Elizabeth II at Balmoral Castle, where she peacefully passed at age 96. As Britain's longest-reigning monarch, her legacy and impact on the UK and Commonwealth are profound.
    Queen Elizabeth II at Balmoral Castle, reflecting on her legacy - Global Banking & Finance Review
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    Tags:financial crisisUK economyfinancial managementretirement servicesinvestment portfolios

    By Michael Holden and Russell Cheyne

    BALMORAL, Scotland (Reuters) – Queen Elizabeth, Britain’s longest-reigning monarch and the nation’s figurehead for seven decades, has died aged 96, Buckingham Palace said on Thursday.

    “The Queen died peacefully at Balmoral this afternoon,” it said in a statement.

    “The King and The Queen Consort will remain at Balmoral this evening and will return to London tomorrow.”

    Elizabeth’s eldest son Charles, 73, automatically becomes king of the United Kingdom and the head of state of 14 other realms including Australia, Canada and New Zealand. His wife Camilla becomes Queen Consort.

    Her family had rushed to be by her side at her Scottish home, Balmoral Castle, after doctors expressed concern about her health. She had been suffering from what Buckingham Palace has called “episodic mobility problems” since the end of last year, forcing her to withdraw from nearly all her public engagements.

    Queen Elizabeth II, who was also the world’s oldest and longest-serving head of state, came to the throne following the death of her father King George VI on Feb. 6, 1952, when she was just 25.

    She was crowned in June the following year. The first televised coronation was a foretaste of a new world in which the lives of the royals were to become increasingly scrutinised by the media.

    “I have in sincerity pledged myself to your service, as so many of you are pledged to mine. Throughout all my life and with all my heart I shall strive to be worthy of your trust,” she said in a speech to her subjects on her coronation day.

    Elizabeth became monarch at a time when Britain still retained much of its old empire. It was emerging from the ravages of World War Two, with food rationing still in force and class and privilege still dominant in society.

    Winston Churchill was Britain’s prime minister at the time, Josef Stalin led the Soviet Union and the Korean War was raging.

    In the decades that followed, Elizabeth witnessed massive political change and social upheaval at home and abroad. Her own family’s tribulations, most notably the divorce of Charles and his late first wife Diana, were played out in full public glare.

    While remaining an enduring symbol of stability and continuity for Britons at a time of relative national economic decline, Elizabeth also tried to adapt the ancient institution of monarchy to the demands of the modern era.

    “She has managed to modernise and evolve the monarchy like no other,” her grandson Prince William, who is now heir to the throne, said in a 2012 documentary.

    (Additional reporting by Muvija M, Kate Holton, William James, Alistair Smout, Paul Sandle, Kylie MacLellan, Sachin Ravikumar, Farouq Suleiman, Elizabeth Piper, William Schomberg, David Milliken, Hannah McKay and Sarah McFarlane; Editing by Kate Holton and Janet Lawrence)

    Frequently Asked Questions about Britain’s Queen Elizabeth dies peacefully at Scottish home aged 96

    1What is a monarch?

    A monarch is a sovereign head of state, especially a king, queen, or emperor, who typically reigns for life and holds a position of authority in a monarchy.

    2What is the significance of the UK economy?

    The UK economy is one of the largest in the world, influencing global markets and trade. It encompasses various sectors, including finance, manufacturing, and services.

    3What are retirement services?

    Retirement services refer to financial products and plans designed to help individuals save and manage their finances for retirement, ensuring they have sufficient income during their non-working years.

    4What is a financial crisis?

    A financial crisis is a situation in which the value of financial institutions or assets drops significantly, leading to widespread economic instability, often characterized by bank failures and stock market crashes.

    5What are investment portfolios?

    Investment portfolios are collections of financial assets such as stocks, bonds, and other securities held by an individual or institution, aimed at achieving specific financial goals.

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