[London, UK] People hoping to go to London's World Pride events on Saturday have been sorely disappointed today after it was revealed that the planned extravaganza has had to be significantly down-scaled due to financial difficulties of the organisers. 

A shortfall in funds has meant that what was planned to be a full-scale parade to Whitehall will now be a 'procession'. Under this label, which requires less financially motorised vehicles are prohibited, a blow to those who have already spent money and time creating floats for the event. In what many have deemed an unsatisfactory response Pride London argued that agreeing on 'a procession of this kind was better than no parade at all'. 

Also cancelled is the road closures in Soho which would allow for a street party atmosphere during Saturday's events. Again, financially difficulties mean that the organisers can't provide the assurances required. While bars and clubs will still be open, normal licensing rules will apply. 

Disappointment is especially profound because the weekend's events are not only for London, but a 'World Pride' day of celebration. 

https://twitter.com/FemaleFlare/status/220489610743119873

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Boris Johnson has also dropped out of the events, creating even greater frustration. Many believe that as London's mayor Boris should be leading the procession.  

https://twitter.com/phodds/status/220515963005698049

In response to the failed planning and fundraising of the event Pride London's chair, Dr Patrick Williams has resigned, adding to the air of, as they have said themselves 'chaos and confusion'.