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Group Of Twenty: London Summit

Volume 489: debated on Tuesday 17 March 2009

To ask the Secretary of State for Foreign and Commonwealth Affairs what estimate he has made of the cost of (a) hiring conference facilities and (b) the media centre for the G20 Summit to be held in London on 2 April 2009. (258885)

The financial crisis of autumn 2008, affecting banking systems, is now a global economic crisis, impacting upon jobs and livelihoods. No one country can resolve this crisis alone. International co-operation and the London G20 Summit is essential as it will bring together leaders of the world's major economies and key international institutions.

With the global economic situation continuing to deteriorate our goal for the London G20 Summit is for leaders to: take whatever action is necessary to stabilise financial markets and enable families and business to get through the recession; reform and strengthen the global financial and economic system to restore confidence and trust; and put the global economy on track for sustainable growth.

The London G20 Summit at the Excel Centre in east London, which will hold both the conference and a media centre, is therefore vitally important on the global stage. The current estimate of £1.1 million for the space required should be considered in this context.