PROFESSIONAL stock car driver Daniel Pegg says he will “lose everything” after being banned from driving for 12 months.

Pegg -- who told magistrates today he can earn �1,000 a month by racing throughout the country -- had failed to insure his car.

After hearing that Pegg already had nine points on his driving licence for previous motoring offences, Fenland magistrates turned down his plea to keep his licence and took him off the road.

“I am a stock car driver, that is my living,” said 21-year-old Pegg, of The Birches, Wisbech St Mary.

“It takes up all of my time, I have been a stock car racer for three years; stock car driving is my life really.

Referring to a driving ban, Pegg said: “I would lose everything really, I know it is my own fault.” He said he normally tows his stock car to various stadiums around the country. His next races will be at King’s Lynn and Coventry.

Pegg said he could not afford to insure the car he was driving at Parson Drove on August 11, when spotted by officers in an unmarked police car.

“I had just been to my stock car yard, to fix my stock car,” he said. Police had seized that car; but he now has another vehicle that is insured.

Pegg was ordered to pay a �240 fine with �35 costs and a �15 surcharge.