The following year, more than 4, 000 under-18s visited Newquay over the summer, according to the partnership, and more than 6, 000 bottles and cans of alcohol were confiscated or poured away by police.

BBC: England

Investors shifted money away from safe haven assets and poured into equities and other risky asset classes on the expectation of less geopolitical risks in the markets.

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Since then a variety of sponsors, including Cadillac and Motorola, have poured millions of dollars into the event only to walk away, frustrated by disorganization, erratic television coverage and the constant threat that the boat they back won't even survive the semifinals of a race that is held every four years or so.

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He said the deluge of bureaucracy and regulations poured on to schools in recent years by the government had to stop if head teachers were to get away from "form-filling" to spend more time with children.

BBC: Labour 'could save schools ?2bn'