Jail House Rock ...
Inner-city jails could be turned into housing developments, the chancellor has said.
In the first official media engagement linked to the Comprehensive Spending Review, George Osborne outlined plans to sell inner city prisons dating back to the Victorian era and build up to nine modern facilities elsewhere.
The chancellor announced that HMP Reading will be the first to be sold for housing. No other details were given but it is understood that other prison sites under consideration include Leicester plus Pentonville and Brixton in London.
The Ministry of Justice has projected savings of £80m a year as a result.
Osborne said: “Many of our jails are relics from Victorian times on prime real estate in our inner cities. So we are going to reform the infrastructure in city centres and sell the estates to build much needed homes.”
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