Mark Field has long been known as the Invisible Man because of his unwillingness to engage with his constituents. When his majority was slashed in the 2017 general election he suddenly became slightly more visible and even vaguely interested in the issues that those who were entitled to vote for or against him wished to raise with ‘their’ MP. That said, after Field brutally assaulted Greenpeace activist Janet Barker last week and a video of the incident went viral, several media outlets still carried headlines that included the question “Who Is Mark Field?” However, the media don’t not know this MP the way his constituents don’t know him, because his aloofness and inaccessibility has long been a talking point among us. Until last week it seems Field had been largely operating beneath the radar of the press throughout his stint as an MP. That is apart from a headline grabbing 2005/6 love affair with fellow Tory MP Liz Truss (before she was elected to Parliament) and which ended with the first wife of this self-declared upholder of traditional values and civility divorcing him. The discrepancy between Field’s words and actions are neither failings nor quirks, they are embedded in the City of London culture of greed and entitlement that the MP is more effectively wedded to than any of his spouses.
The City of London has been playing a confidence trick on people in the UK and across the world for years with its claims of generating wealth for everyone when it actually impoverishes most of us. Should the City’s financial power dry up it will no longer be able to keep up the charade of pretending to benefit anyone beyond a tiny rich elite, nor fund its glossy and expensive PR campaigns on behalf of the wealthy few. It’s high time the City of London as we know it became history and this local authority was replaced with democratic institutions. Right now everything is coming together very nicely to make such change not just possible but likely.Read more "History Is Against The City Of London & Will Judge It Harshly"
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"
The City of London is the largest financial centre in the EU and one of the biggest facilitators of tax havens, tax avoidance and so on. What will Brexit mean for financial sector regulation, for our efforts to, for example, close down tax havens or stop tax-dodging by multinational corporations? How much will the EU take aim at the City of London after Brexit, and what does that mean for UK actors trying to influence those discussions? The EU may try to minimise the role of the City of London and all the problems it causes in the global economy. If the EU uses its power to cut off access to the EU financial sector from the UK, it could have a major impact on the UK’s ability to continue to be one of the leading global financial sector players.Read more "Brexit ‘could benefit overseas development by curbing City of London’s power’"
While tax rates are mainly set at national level, Brussels tries to restrict how far governments can go in lowering VAT rates to lure business, while allowing countries to introduce specific carve-outs. Brussels opened “infringement proceedings” against the UK on the issue last year, following talks between EU and UK officials dating back to 2015. The UK government declined to comment but officials have previously said the VAT treatment was “vital” to ensure the City remained a world-leading hub for commodities trading.Read more "City of London VAT loophole will go to the European Court of Justice"
Whether London is at number one or number one hundred in the Z/Yen global financial centers index is a matter of indifference to us. What we want is an end to the undemocratic business vote system that sustains plutocracy in the City of London! The residents living under this council have as much right to a democratic local authority as the rest of the UK. It’s a scandal we currently have virtually no say in our local matters due to the dominance of business votes! Say no to business votes, say yes to democracy! Democratic electoral reform now!Read more "Stop Plutocracy in the City of London"
If City of London councillor Matthew Richardson’s mysterious Christ Freedom Trust entry on his register of interests is a misrendering of True Freedom Trust, then this may deepen our understanding of the ideological motivations behind his 2010 transphobic speech as reported by UK media, as well as his friendship and apparent flat sharing with fellow City councillor and LGBT activist Edward Lord. That said we’re not currently in a position to know one way or another what Richardson’s Christ Freedom Trust entry on his non-pecuniary interests actually represents.Read more "Matthew Richardson’s Register of Interests"