A £250m scheme to create a successor to the Royal Yacht Britannia has been scrapped – with the Defense Secretary telling MPs the procurement of a new Royal Navy vessel is being prioritized instead.

Did you know Princess Diana and then-Prince Charles honeymooned aboard the Royal Yacht Britannia? You'll find the impressive yacht anchored at the Leith Docks, north of central Edinburgh.

He said it was "great" to have been involved with the rescue of such a historic boat. The boat was bought by The Royal Yacht ...