The Crossrail deal struck between the Corporation of London when it saw headed by ‘Sir’ Michael Snyder and the 2007 Labour government highlights the blurring between the corporation’s two roles, that of a local authority with public funds and a lobbying body with even larger private funds. An internal corporation document presented to councillors in October 2007 stated that, “there would be a number of pre-conditions to be satisfied before funding was released”. One of these was “a net real terms improvement in government funding of the City Corporation”. The corporation wanted the government to reinstate a fund known as the “City Offset” “The City Offset was re-instated… in 2007 following representations from the City of London Corporation,” said a spokesman for the Department for Communities and Local Government… This means the corporation could end up recouping all of the money it is contributing to Crossrail. As the internal corporation document states, if the extra government funding to the corporation continued for fifteen years, “the eventual adverse impact on our asset base would be £15m or less”. Given that Crossrail inflates the value of lands owned by the corporation adjacent to it and the extra funding could continue for more than 15 years, the City potentially stood to make a great deal of money from this deal.
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"
Leaders at the City of London Corporation have been criticised after the prestigious Mansion House was used to honour the “humanitarian” work of the wife of the Turkish president Recep Tayyip Erdoğan, who has thrown thousands of his own people in jail. Emine Erdoğan was given an award by the Global Donors Forum at the prestigious venue “in recognition of her humanitarian service”. Her husband’s regime in Turkey is seen by many as brutal and dictatorial, increasingly run by a clique of his close family and friends.Read more "Alison Gowman, Emine Erdogan & The City of London’s Vested Interests"
The aldermanic election in Portsoken on 14 December 2014 provides a peek into the surreal nature of City politics. Despite three out of four candidates standing as independents, at least two of these ‘independents’ had binding party political affiliations. Labour have caused a bit of an upset in the City in recent years by successfully standing official candidates for election in three out of four ‘residential’ wards, Portsoken, Aldersgate and Cripplegate.Read more "Portsoken Election Demonstrates Urgent Need For City Reform"
The London based architectural firm that designed the new Beijing international airport is headed by Patrik Schumacher, whose controversial calls for the scrapping of planning restrictions and planning regulations neatly chime with those of Mark Boleat and his colleagues at both the City of London and the Housing & Finance Institute. When it comes to housing and much else, the ideology of the Chinese authorities and the City of London are often hard to differentiate. And this is simply one of many reasons why we must fight against them. Hong Kong-Beijing-City of London, one struggle for democracy!Read more "Catherine McGuinness & The Wrecking Ball Smashing Democracy"