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MILLENNIUM EXHIBITION CRUNCH MEETING NEXT WEEK

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The Labour party will receive details of a revised business plan for the millennium exhibition at Greenwich next we...
The Labour party will receive details of a revised business plan for the millennium exhibition at Greenwich next week in a crunch meeting to decide the fate of the project, reports the Financial Times (p8).

Shadow heritage secretary Jack Cunningham is likely to hear from Jennifer Page, the millennium commission chief executive, that the original£700m budget for the exhibition has been scaled back to between£550 and£600m, says the paper.

It is thought that the revised budget is one way of satisfying Labour, which has demanded cuts before pledging the support of an incoming Labour government for the project.
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