Steve Bolton of Legal & General Investment Management who’ve just lent the city £125m describes the Culture Mile and related projects as ‘regeneration’ but we’ve heard that one before – what this really means is the marginalisation and social exclusion of anyone who isn’t rich. Here we reproduce Bolton’s Halloween trick or toxic treat message as reported in one branch of the corporate media.Read more "City Of London Residents Get A Choice Between Halloween Trick or Toxic Treat"
There is nothing peculiar about the fact that the City of London council are lending a private school more than £15million – subject to the same local authority granting planning permission for the scheme it already backs – while simultaneously seeking £30million in cuts from its parks and other budgets, and when it has just secured £450million in external loans for unwanted vanity/legacy projects such as the proposed Centre For Music. This rotten borough lobbies globally for neo-liberal policies that benefit the super-rich at the expense of everyone else, so its willingness to underwrite the expansion of an elitist school – to the detriment of London’s architectural heritage and against the interests of the local community – reflects perfectly its aims and priorities.Read more "Ongoing Fiasco Over City of London School For Girls Expansion"
Years of forecast deficits for the City Fund caused partly by policing costs and uncertain funding from central government mean that the corporation is embarking on a “fundamental review of its priorities and expenditure” in an attempt to put its finances on a more stable footing, according to a report by Jeremy Mayhew, head of the corporation’s finance committee.Read more "City of London Cash Crunch"
City Matters reported that the livery company who booked a contentious Guildhall event for the far-Right Italian senator Armando Siri was the Worshipful Company of Management Consultants. Is this really ‘an outside body’ as The Guardian reported the City of London council claiming, or is it a cat’s paw? When it suits the City of London this and other livery companies are linked to it, which justifies the discounts they enjoy, effectively subsidies for events such as the far-Right lunch with Armando Siri. But when the City of London wants to shrug off responsibility these ‘linked’ and ‘connected’ organisations metamorphose into outside bodies – as is clear from the City’s statement quoted by The Guardian. We’d like Hugh Morris – and other City of London councillors – to state definitively if they want the City to treat the Worshipful Company of Management Consultants as an ‘outside body’ and to charge it the full market rate when it hires rooms from the council. If this and other livery companies are not City linked and connected, then they shouldn’t be getting discounts. We’re also keen to hear what Morris has to say about the Armando Siri event hosted by a livery company he belongs to.Read more "Hugh Morris, The Livery Lodges & The City of London’s Opacity"