The historic core of Westminster is the former Thorney Island on which Westminster Abbey was built. The abbey became the traditional venue of the coronation of the kings and queens of England from 1066 onwards. Downing Street is a street in London, United Kingdom, known for housing the official residences and offices of the Prime Minister and the Chancellor of the Exchequer. The Palace of Whitehall (or Palace of White Hall) was the main residence of the English monarchs in London from 1530 until 1698 when most of its structures, except Banqueting House, were destroyed by fire. Buckingham Palace is the London residence and administrative headquarters of the reigning monarch of the United Kingdom. The palace is often at the centre of state occasions and royal hospitality.