PM gives his backing for road-racing in the UK

David Cameron has given his backing to councils to stage races on roads in the UK, opening up the possibility of a Formula 1 grand prix one day coming to the streets of London.

The Prime Minister says the new rules will mean "more races, more events, more money coming into our country".

Read: PM hails move which could bring F1 to streets of capital

ITV News reporter Martha Fairlie reports.

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Councils given powers to stage motor races on roads

A Formula One Grand Prix on the streets of London may have moved a step closer after the Government announced new powers for local authorities to stage motor races on public roads.