The Metropolitan Police — the police force for the Greater London area — has announced they may sell their headquarters, New Scotland Yard, in order to cut costs.
They are trying to reduce their £3.6 billion annual budget by £500 million, following cuts by the coalition government. If the sale of New Scotland Yard goes ahead, the Metropolitan Police would move to a new location on the Embankment in the Curtis Green building, formerly the site of Cannon Row Police Station.
Other proposals have been raised including selling off other property assets and closing police counters during off-peak hours, but officer numbers are to be maintained.
New Scotland Yard famously has a three-sided rotating sign that turns 14,000 times per day. John Tully, chairman of the Metropolitan Police Federation, which represents the interests of police officers, said it is "regrettable" that an "iconic building like New Scotland Yard is going to bite the dust". Tully also noted there will be relocation costs.

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Metropolitan Police to sell New Scotland Yard