Why does the Queen have a handbag over her arm, in her own front room?

 

If you saw the size of my handbags you would know how stupid this would look in my house if I greeted someone in the same way, however, what on earth does she keep in it?

http://conservativehome.blogs.com/.a/6a00d83451b31c69e201156fbb629f970b-pi

Perhaps it's to store her iPod which Mr Obama kindly gave her.

Her keys of course. Without it she wouldn't be able to get back into Buckingham Palace after a night on the town.