The Palace of Westminster is the meeting place of the House of Commons and the House of Lords, the two houses of the Parliament of the United Kingdom. Commonly known as the Houses of Parliament after its occupants, the Palace lies on the north bank of the River Thames in the City of Westminster, in central London.
Its name, which is derived from the neighbouring Westminster Abbey, may refer to either of two structures: the Old Palace, a medieval building complex destroyed by fire in 1834, and its replacement, the New Palace that stands today. The palace is owned by the monarch in right of the Crown and for ceremonial purposes, retains its original status as a royal residence. The building is managed by committees appointed by both houses, which report to the Speaker of the House of Commons and the Lord Speaker.
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