British GP plea
BERNIE Ecclestone has been urged to ensure the future of the British Grand Prix at Silverstone. But taxpayers' money will not be used to broker a deal despite the motor racing industry being worth £4billion to the economy.
Peter Mandelson, Secretary of State for Business, insisted the government would not be providing the 12m needed for the race to be held at Silverstone next year, after Donington missed a deadline to prove it could raise the 100m it needed to stage the race.
However, he recognised the role Formula One made to the UK including 25,000 engineering jobs, saying:
"All I would say is come on you guys, get your act together, get your negotiations done and make the British Grand Prix safe."
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