Do you think the sound of a Glasgow Grand Prix or a London Grand Prix sounds far-fetched? Well up until now, it has been.

But Prime Minister David Cameron wants to make it easier for local authorities to permit street racing on its roads, in a move that he believes may benefit local economies to the tune of £40m over five years.

At present, an Act of Parliament is required in order to stage road racing, but under new rules, local government will be able to close roads and suspend speed limits for special racing events.

This means that a London Grand Prix could be very possible. Imagine the world's fastest cars careering past the Shard, tearing down The Mall and skidding around Parliament square.

We could also see F1 drivers doing their thing in cities like Glasgow, Leeds and Bristol. Indeed, it is thought that there is appetite for up to 20 street racing events across the UK every year.

The PM cited the popularity of the UK stages of the Tour de France, which attracted 3.5 million people to Britain's roads.

The scheme may remind some of the Birmingham Superprix, which took place on the streets of the UK's second city in the late Eighties. But since then, you could only race on UK streets by playing video games.

Many of our breakdown repair insurance customers will no doubt find the idea of UK-wide road racing very exciting. Would you like to see a street race in your home town?