Bank of England governor Mark Carney has pulled out of a dinner in the Square Mile designed to foster relations between London and China. The City of London Corporation is holding the event at The Guildhall on 3 September. It will be attended by China’s ambassador to the UK, Liu Xiaoming, the Corporation’s policy chief Catherine McGuinness and lord mayor Peter Estlin. Carney says he pulled out due to a diary clash rather than in support of pro-democracy protestors in Hong Kong. The US vice president and notorious bigot Mike Pence will speak at a black tie dinner, hosted by the City of London Corporation, at The Guildhall on 5 September. The City of London Lie Machine pumps out propaganda claiming the Corporation supports LGBT rights but its actions speak louder than its words….Read more "City of London Rolls Out The Red Carpet For Reactionaries As Liu Xiaoming & Mike Pence Are Feted At The Guildhall"
Earlier this month parts of the right-wing local and national press in the UK – Daily Mail, Times, City AM – covered Westminster’s criticism of the City of London banning a Taiwanese float from the Lord Mayor’s show. It goes without saying that these media outlets didn’t link the lack of democracy in the City – a local council elected on business votes rather than democratically controlled by local residents – and the authoritarian political system in China. Banning the Taiwanese float isn’t – as the right-wing media would have you believe – simply a matter of the City being greedy for Chinese money. The political system in the City of London is out of step with all other local authorities in the UK, but very much in step with authoritarian regimes around the world. Thus the City shares with China and others a desire to strangle local democracy anywhere it exists.Read more "Taiwan Banned From Neo-Liberal Lord Mayor’s Show As City of London & Chinese Authoritarianism Link Up"
The City of London’s “charm offensive in the race for renminbi” has paid off, with London daily trading in renminbi now exceeding that in euro, the Financial Times reported. But this is only half the story, which is also about life after Brexit for Britain, and about the nation’s role in China’s “Belt and Road Initiative”. Some have suggested that post-Brexit Britain could become “another Singapore” by modelling itself on successful island economies. But in reality the City of London may be in process of becoming another Hong Kong. The key is that both Britain and its former colony are situated at either end of the Belt and Road project.Read more "City of London & Hong Kong Have More In Common Than Their Democratic Deficits"
A story in various media outlets suggests Muyeba Chikonde, Zambia’s High Commissioner to the United Kingdom, has foolishly accepted the Freedom of the City of London. The unsavoury character of some of those given the Freedom of the City has been noted in one of our previous posts, so Muyeba Chikonde now finds himself in the company of paedophiles and disgraced politicians. The coverage we’ve seen in the Zambian media suggests the story is based on a press release issued by the Zambian High Commission in the United Kingdom. However Google search results label some of this coverage ‘satire’. While getting the Freedom of the City of London is a joke, we think it likely Chikonde really did receive this ‘award’ on Monday 10 December 2018.Read more "Muyeba Chikonde’s Freedom of the City of London ‘Award’ Is A Joke"
Given our recent post on Freedoms of the City of London being handed out to paedophiles and disgraced politicians, we weren’t surprised to clock a new piece of opportunism on this score. The City is keen to get on board with China’s incoherent Belt and Road Initiative, so the fact that last week they handed a ‘Freedom’ to the head of the Bank of China UK was something that could have been predicted in advance. Obviously after laundering the Russian dirty money that’s been drying up of late, the City are desperate for new sources of income – everything the City does is instrumental.Read more "Bank of China CEO Sun Yu Shameless Enough To Accept Freedom of the City of London"