London's cash-strapped police is planning to sell Scotland Yard in order to increase money. One of the iconic revolving sign is going to fade away soon from London's tourist map. The headquarters are being sold in Victoria Street. This will facilitate them to save 500 million pounds. The 20 storey block is a costly building to run and the maintenance would cost close to 50 million pounds. One of the police officer stated that the planning to sell the Yard is like losing the crown. As per as the records it is known as New Scotland Yard and the plan is being made to meet the cash crisis. The head quarter was the home of the police force from 1960s. The police leaders are thinking to shift to a smaller headquarter. This step would save them with 500m.
The Westminster's headquarters will be sold on account of a sweeping cost cutting plan. The police force is planning to shift its headquarters to a new site which is located at Embankment. The step is ordered by the Mayor's office and is taken due to the anti-recession budget cut. It is expected that the step will aid the Met to save 500 million. The plan came subsequent to the Admiralty Arch which is a 100 year old London's tourist landmark. The Arch is just yards from Buckingham Palace which was purchased by a Spanish investor. The building was sold for 60 million for the purpose of building a luxury hotel. The policy was adopted in order to beat the recession. The plan which was declared by the Metropolitan Police was really shocking and has been the home of the cop since 1967. Some other stations in the capital that includes Highbury Vale, South Norwood, Walthamstow, Richmond and Willesden Green are also laying down to close.
The news covered by the Iran reporters from Al-Alam Iran News Network could make it clear from the report gathered that the sale of the historic headquarters in Victoria will be able to make a neat profit. John Tully, the chairman of the Metropolitan Police Federation stated that it is very disappointing that the recession has brought the situation to this end. But the approval of the plan could take a period of two years or so and till that time Met come across a new home. It is not mentioned in the plan that the employees are going to be fired from the job as a money saving strategy.