§ Lord Lester of Herne Hillasked Her Majesty's Government:
Further to the Written Answer by the Lord McIntosh of Haringey on 24 March (WA 238), what is the present day equivalent of the total expenditure of £335,742 on the 1851 Exhibition. [HL1244]
What was the total expenditure on the 1951 Exhibition at the time and its present day equivalent. [HL1245]
§ Lord McIntosh of HaringeyAs stated in my Answer on 24 March (Official Report, col. WA238) the Millennium Experience, which includes the nationwide Millennium Challenge of events and activities and is being funded through the National Lottery, private sector sponsorship and visitor revenue, is not directly comparable with the Great Exhibition of 1851, nor with the 1951 Exhibition. The total expenditure on the 1951 Exhibition was £10.6 million, which is roughly equivalent to £136 million in present day terms. The expenditure on the 1851 Exhibition of £335,742 is roughly equivalent to £20 million in present day terms.