Bernie to pay congestion charge
June 2012
Bernie Ecclestone has offered to pay £35 million to Boris Johnson in congestion charges so he can host a Grand Prix in London. A feasibility study carried out by Barclay’s Bank revealed each Formula 1 car would need to be charged nearly £1.5 million to drive around the streets of the capital city.
However, only £100 of the proposed fee would actually be taken in congestion charges. The rest of the money will be paid to cover the bankers’ bonuses and for lending to other banks at rigged Libor rates.
Bernie also believes a London Grand Prix will generate more money than the Olympics and could also be seen as a new Monaco. There are of course many notable similarities between the streets of Monte Carlo and the streets of London including casinos, hotels, water, roads made from tarmac and lots of foreigners living there to avoid paying tax. Plans to build a harbour in the Thames are also being drawn up.
The proposal could hit a snag, however, as Boris Johnson has been warned by Tony Blair and Gerhard Gribkowsky about the perils of accepting money from Bernie Ecclestone.
