Plans to restore Parliament could cost £40bn

MPS and peers have been presented with options to restore Parliament at a cost of up to almost £40bn.

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The restoration and renewal client board has put forward two options: one for a “full decant” which would see both houses move out of the Palace of Westminster while works take place, and another where the palace would be worked on in stages.

The full decant would last 19-24 years and cost up to £15.6bn, while the other option would take 38-61 years and cost up to £39.2bn.

Those figures include inflation.