Date: 28th June 2012 at 10:53am
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Could a Formula One Grand Prix around the streets of London become a reality?

Could Lewis Hamilton and Jenson Button really lead the field down past Buckingham Palace and onto Trafalgar Square before driving down onto the streets of London, perhaps even down by the Thames and past Westminster?

Well according to a report by Sky Sports such ambitious plans could be unveiled at the Royal Automobile Club on Pall Mall later this evening.

Formula 1 chief Bernie Ecclestone and McLaren drivers Jenson Button and Lewis Hamilton are all set to be at the event, with the British duo set to go head-to-head on a 3D CGI simulator around the proposed route, which will be revealed in four-minute video.

This proposal, if it happens, is likely to prove popular, with The Times newspaper reporting that such a plan could be worth at least £100million for the London economy, although staging the event could cost around £35million and that would only be if the event gained permission from the British government.

F1 supremo Bernie Ecclestone appears to be so taken with the idea, that according to one comment he has made he could well be tempted to promote the event himself.

‘With the way things are, maybe we would front it and put the money up for it. If we got the okay and everything was fine, I think we could do that…It would be fantastic, good for London, good for England – a lot better than the Olympics.’