Part of Oral Answers to Questions — Culture, Media and Sport – in the House of Commons at 2:30 pm on 24 June 2002.
My hon. Friend is right. The industry is worth £4.8 billion and directly employs some 40,000 people, so it is very important. As my hon. Friend knows, we have been trying to bring the industry and the sport together, which will make the industry a more potent force on the international scene. I thank my hon. Friend for the work that he did to make sure that the grand prix takes place at Silverstone. There were some doubts a few months ago, but they have been resolved and, as a result of co-operation across the House and with the motoring organisations, the grand prix will take place at Silverstone on