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UK Parliament Faces £40 Billion Restoration Dilemma

2/5/2026

34 5 Full Breakdown

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Story summary
  • The UK Parliament's restoration plan offers two options: a full decant for 19 to 24 years (£15.6 billion) or a phased approach for 38 to 61 years (nearly £40 billion).
  • Initial works, estimated at £3 billion over seven years, could start in 2026.
  • The Palace of Westminster faces heating failures and structural problems, with maintenance costing £1.5 million weekly.
  • Rising costs renewed discussions after MPs approved temporary relocations in 2018.