F1 racing on London's streets 'a step closer'

The prospect of an F1 Grand Prix on the streets of London has moved a step closer after the coalition announced new powers for local authorities.

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  1. Simon Harris: Political Correspondent

Prospect of F1 on London streets 'a step closer'

Formula One racing on the streets of London will come a step closer this morning when ministers launch a formal consultation.

Lewis Hamilton performs a donut in his McLaren F1 car during the 2008 Race of Champions at Wembley Stadium. Credit: PA

A London Grand Prix to rival Monaco and Singapore is an idea which has been floated in the past but has never happened.

The only way for organisers to lift the 30 mph speed limit would be through a Parliamentary procedure which could take 19 months.

The Department for Culture Media and Sport is proposing a new law which would make it easier to suspend the Road Traffic Act.

Ministers believe the popularity of street racing would generate a big boost to a local economy.

Environmental groups are expected to greet the proposal with horror.

Darren Johnson, a Green member of the London Assembly said motor racing sends out the wrong message about London's streets.

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