Houses of Parliament restoration could cost up to £5.7 billion

The Palace of Westminster was rebuilt in the mid 1800s after a fire, and has seen very little renovation work since. The Grade 1 listed building is now at risk of ‘catastrophic failure’, such as flooding or power outages, as plumbing and wiring in the building has been deemed ‘not fit for purpose’.

The report also found leaking roofs, extensive damage to interiors and asbestos throughout the building.

The preferred restoration option for senior government figures is estimated to cost £5.7 billion and is likely to take 32 years to complete.

The cheapest option proposed would cost £3.5 billion, but requires the premises to be vacated for at least six years while the work takes place. Some MPs have come forward and vocally opposed this idea, with former conservative minister Sir Alan Duncan saying that relocating would be “utterly impractical” and should be avoided, not matter the cost.

On the other hand, Labour MP Graham Stringer has voiced his opinion that moving out of the Houses of Parliament would give the government the perfect opportunity to decentralise while also saving a large amount of money.

Chris Grayling, the Cabinet minister in charge of the house of commons, said: “We’ll take a decision on the best way forward but that decision will be subject from both Houses of Parliament and will be subject to extensive discussion in the months ahead.

“My very clear view is that this building is an important part of our national heritage and our democracy and it must remain as such and I am not warmed to the idea that we should look to move elsewhere.

“Nonetheless we do need to face the challenges to make sure it is fit for the 21st century and that discussion will involve all members of this House.”

The Prime Minister’s spokeswoman has said David Cameron has not yet has an opportunity to study the report, but will properly scrutinise it to ensure taxpayers get the best value for money.

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