The Queen is preparing to abdicate the throne and make Prince Charles the King, according to royal sources. Queen Elizabeth, 92, is alleged to have told her inner circle of plans to hang up her crown at the age of 95.

Clarence House is making no comment about ‘Plan Regency’, which involves a piece of legislation called the Regency Act coming into force. “I have spoken to a number of high-ranking courtiers who made it clear that preparations for a transition are moving ahead at pace,” royal commentator for the Daily Mail, Robert Jobson, said. “They have all confirmed that a Regency with Charles taking the lead is now, at the very least, a real possibility.”

The act would grant the Queen’s eldest son full power to reign even while she still lives. According to the Mail, one senior former member of the Royal Household said: “Her Majesty would want to make sure that she has done everything she can for her country and her people before she hands over. She is dutiful to her core. Her Majesty is mindful of her age and … believes that, if she is still alive at 95, she will seriously consider passing the reign to Charles.”