16:22 19 October 2015
Big Ben requires up to £40million to repair its hands, mechanism, pendulum, and Elizabeth Tower. Failure to carry out the necessary repairs would lead to the Big Ben’s bong falling silent, politicians have warned.
The Commons Finance Committee has released a report confirming problems with the 156-year-old clock’s tower, including cracks in the masonry. The structure also requires upgrading to comply with the latest health and safety regulations.
The reports said: "There are major concerns that if this is not carried out...the clock mechanism is at risk of failure with the huge risk of international reputational damage for Parliament.
"In the event of a clock-hand failure, it could take up to a year to repair due to the scaffolding needed."
Officials said that it would cost £4.9million “to prevent the clock from failing” and another £29million for its full refurbishment. The cost could rise to £40million if a lift is to be installed to the top which would be additional to the visitor centre.
The parliamentary spokesperson said: "Committees of both Houses are currently considering the study."
"No decisions on works, timescales or costs have been agreed."