On a good day, a motorist would be lucky to go any faster than 8mph driving past Big Ben in the capital’s congested streets.
But under plans unveiled by Formula One supremo Bernie Ecclestone to bring a grand prix to the capital, racing cars could streak past some of the most famous landmarks at up to 180mph.
Cities normally pay the £30- 35million cost of staging F1 races, but Ecclestone has said he is prepared to waive the costs — as he will be likely to recoup more than £100m from sales to some 120,000 paying spectators on the route and the sale of TV rights and advertising.
Up to a billion people worldwide could watch the event along the 3.2mile route, which some believe would eclipse the most famous street race in the world, the Monaco Grand Prix.
Ecclestone has dreamt of holding a race in the capital’s streets for years, but has been blocked by bureaucracy and reluctance to spend public funds on the race. He said: ‘With the way things are maybe we would front it and put the money up for it.
‘It would be fantastic, good for London, good for England — a lot better than the Olympics.’
He made his comments on the same day the Serious Fraud Office said it was investigating allegations during a trial in Germany that Ecclestone made corrupt payments of £28.3m to German banker Gerhard Gribkowsky. Ecclestone denies offering any bribes.
Sceptics have dismissed the London plans as a PR stunt to promote Santander, who sponsor the McLaren team which employs British drivers Lewis Hamilton and Jenson Button.
London Mayor Boris Johnson was keen to offer his views now that Ecclestone had offered to stump up the cash. ‘I am always interested in projects that attract jobs and bring growth,’ said Johnson, adding it was important to see if there was ‘a really good economic case’ for the project.
But how many times have we heard about a possible London Grand Prix? Who better to answer that than Sir Stirling Moss? ‘I’d love to see it but they have been talking about it since I was racing in the 1960s,’ he said. ‘It’s a wonderful dream.’
Dreamland was exactly where Santander’s publicity machine was residing last night.