The government has announced today that it plans to sell off Buckingham Palace, as part of its social housing reform.
Substantial financial savings can be realised by selling off premier public sector housing to buy a greater number of homes, to rent to those on low incomes.
To this end, Boris Johnson stated that Buckingham Palace will be sold to property brokers, to develop as a theme park attraction, shopping centre and multi-storey car park.
A spokesperson for Greater London Council said ‘The current tenants, Mr and Mrs Windsor, pay only a peppercorn rent for a property that is far too big for their needs, even with the large extended family living there. In fact, the house is so large that they have to employ a team of servants and ground staff, at the tax payers ‘expense, to maintain it.'
‘Queenie Towers' as it is known locally, could be replaced with 50 high rise blocks of flats, providing hundreds of dwellings for lower income earners.
However, tenants Mr and Mrs Windsor claim they already have an application to buy their council house being processed. This is taking some time as neither is in gainful employment and rely solely on a pension of £50million per year to survive.