Advertisement
UK markets closed

  • NIKKEI 225

    37,552.16
    +113.55 (+0.30%)
     

  • HANG SENG

    16,828.93
    +317.24 (+1.92%)
     

  • CRUDE OIL

    83.38
    +0.02 (+0.02%)
     

  • GOLD FUTURES

    2,336.20
    -5.90 (-0.25%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,336.61
    -254.99 (-0.48%)
     

  • CMC Crypto 200

    1,426.91
    +12.15 (+0.86%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Sunak to give £30m for UK bids to host Women's Rugby World Cup and Tour de France

Kalila Sangster
·2-min read
Sunak to give £30m for UK to bid to host Women's Rugby World Cup and Tour de France Grand Depart
England's Sarah Hunter during the 2017 Women's Rugby World Cup Final. Photo: PA (PA)

Chancellor Rishi Sunak will announce £30m of funding to back the UK's bids to host Women's Rugby World Cup and Tour de France Grand Depart in the upcoming budget and spending review.

He will also provide a further £11m to support the UK-Ireland bid for the 2030 Football World Cup.

The government wants the bid for the Tour de France Grand Depart to include stages in England, Scotland, and Wales. The great majority (95%) of the investment in hosting the Tour de France stages would be outside the South East of England, "boosting the government's levelling up agenda", according to the Treasury.

ADVERTISEMENT

The Women’s Rugby World Cup would also see over 75% of the investment outside of the South East with matches in stadiums up and down the country.

Sunak said: "I’m excited at the prospect of bringing more world class sporting events to the UK. That’s why I’m backing these British bids, with over £40m of funding to make our case.

"Our bids will include events taking place across the country, and I’m hopeful that everyone will get a chance to cheer on their sporting heroes."

Read more: Budget 2021: Public sector pay freeze to end, says Sunak

The Women's Rugby World Cup was last hosted by England in 2010 — the team won the tournament in 2014 and were runners up in 2002, 2006, 2010, and 2017.

The opening stages of the Tour de France were last hosted in England in 2014.

Brian Facer, CEO of British Cycling, said: "The Tour de France will bring significant economic benefit and investment to our communities, rapturous crowds on the roadside and a tangible legacy to get even more people riding more often throughout England, Scotland and Wales.

"We now look forward to working alongside the UK government, devolved administrations and UK Sport to deliver a compelling vision for the 2026 Grand Depart, which aligns with the event organiser Amaury Sport Organisation’s aspirations, and builds on our proud track record of hosting the sport’s biggest global event."

Watch: Why can't governments just print more money?