Restoring the Palace of Westminster could cost ‘eye-watering’ £40bn

New report also suggests renovations may take up to 61 years, as critics say project lacks accountability

Plans to restore the crumbling Palace of Westminster could cost £40bn and take up to 61 years, a report by the body set up to investigate how the project should be handled has found.

Critics labelled the cost as “eye-watering” and said the project lacked accountability.