Earlier this month the City of London publicised the extremely deceptive claim that the finance sector made a massive tax contribution to the UK economy; this was then picked up from their press department and uncritically run as a story by various tame media outlets. We’d planned to write a blog countering the blatant manipulation of statistics involved if no one else did. However, Prem Sikka stepped forward and did the work for us, so all we need to do here is reproduce his piece from Left Foot Forward.
Why David Wootton thinks ‘it is not the time or circumstance to begin the process to remove the honorary freedom’ awarded to Aung San Suu Ky is something we believe he should explain at length. That said his position clearly has more to do with the neo-liberal politics of the City of London and its jockeying for the interests of the rich at the expense of ordinary people around the world, than the wishes of the local people he and the majority of his fellow councillors so blatantly fail to represent.Read more "David Wootton, Aung San Suu Kyi & Freedom of the City of London"
Catherine McGuinness and those around her who are engaged in a crusade against democracy have ensured that virtually nothing has changed in terms of the feudal power dynamics and secrecy at the City of London council. Potential conflict of interest issues as regards Sir Michael Bear, James Thomson and Chris Hayward aired in the national press still require satisfactory answers, as do many other related questions that local residents want addressed – such the hiring of councillor James Thomson’s Keepmoat company to do housing repairs and the discussions of the Standards Committee on the free and subsidised use of council premises by men only masonic lodges. While Graeme Harrower’s proposals were an improvement on the status quo, for us they did not go nearly far enough in terms reforming the City of London. That said, even Harrower’s attempt at tiny improvements was obviously way too much for the enemies of democracy who control the council. The democratic reform required to enable residents’ voices to be heard is the glaringly obvious one of abolishing the business vote!Read more "Susan Pearson Gagging Row Update"
The committee Oliver Lodge heads has come under fire recently for being high-handed and bullying. The Standards Committee initiated proceedings against councillor Susan Pearson for speaking against a proposal to delegate a planning application to Islington Council. The matter was referred to police for potential prosecution and Pearson was informed of this via the City solicitor. After reviewing the matter the cops declined to further involve themselves in this attempt at gagging and intimidation. To outside observers it looks like the Standards Committee operates on double standards, with a very harsh set of rules for the minority of councilors elected to represent local residents, and another very lax set for those who hold positions of power acting as lobbyists for the finance and law industries thanks to undemocratic business votes.Read more "Oliver Lodge, Freemasonry & The City of London Standards Committee"
The City of London is not democratic because this council is elected mostly on business votes given to the likes of bankers who don’t live within its local authority boundaries. As a result it ignores local residents’ interests and instead spends millions of pounds a year lobbying for neo-liberal causes. We’ve also seen the council’s former leader Mark Boleat agitate for the removal of democracy from other UK councils when it comes to planning decisions, and this was done with the financial backing of the City of London Corporation. Likewise, the City of London Standards Committee appears incapable of properly addressing conflict of interest and inclusion issues when it comes to subsidising freemasonic activity by its members and their friends. That said, a story that appeared in a couple of local newspapers this week shows that the Standards Committee and their supporters in the City of London have now totally lost the plot with regard to their rabid attitudes toward local residents and democracy.Read more "City of London Loses The Plot In Its Crusade Against Democracy"
Following the Occupy London protests in 2012, the Corporation released information about “City’s Cash”—the “sovereign wealth fund” stemming from the 15th century. Over 52 percent of its reserve in that year came from investments, with 29 percent from school fees, 8 percent from rent, and 9 percent from grants, contributions and reimbursements. By 2016 its assets stood at £2.3 billion, generating £210 million yearly. The 2018-23 Corporate Plan cynically insists “everything we do contributes toward the achievement of twelve outcomes.” Those listed include: “People have equal opportunities to enrich their lives and reach their full potential” and to “Help provide homes that London and Londoner’s need.” The City of London actually devotes its main energies to furthering the inequality that produces untold misery and hardship.Read more "The City of London, House Building Targets & Business Votes"
The Corporation of London has rarely come under serious scrutiny since 1960 when a royal commission on local government in Greater London considered in great detail whether the ancient body could and should continue as a separate local authority. Sadly, its conclusion was feeble: “If we were to be strictly logical we should recommend the amalgamation of the City and Westminster. But logic has its limits and the position of the City lies outside them.”Read more "The Last Rotten Borough Revisited"