Brexit ‘could benefit overseas development by curbing City of London’s power’

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.

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Miranda Brawn & City of London Awardwashing

Given the glass ceiling on top jobs in the City of London and this local authority’s notorious lie machine, it is not surprising to find the utterly undemocratic and business vote dominated local council awardwashing the situation by picking 100 women to receive the Freedom of the City as a way of ‘marking’ the centenary of women getting the vote. More of an eye-opener is the fact that diversity campaigner Miranda Brawn has chosen accept this bauble despite the council failing dismally to tackle gender discrimination on its own patch.

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Oliver Lodge, Freemasonry & The City of London Standards Committee

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.

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Stop Plutocracy in the City of London

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!

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James Thomson & The City of London Property Development Lobby

At a City of London planning committee meeting last year both James Thomson and Mark Boleat voted in favour of Taylor Wimpey’s The Denizen development; this will replace 110 social housing units with 99 over-priced luxury flats and with no on site social or affordable housing. This demonstrates exactly where both men are coming from on housing issues. It’s all about money-making over local social need. James Thomson was formerly deputy chief financial officer and chief operations officer of Cushman and Wakefield, commercial property and real estate consultants, which marketed and sold the site he voted to grant planning permission for to Taylor Wimpey. Likewise, the local authority to which Thomson has been ‘elected’ doesn’t seem in the least bit bothered about how it looks when it gives work to the company of which he is the CEO.

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The Denizen & The Plutocracy’s Programme For Growing Inequality

The City wants hot money looted by corrupt elites from outside the overdeveloped world to pour into London and other global centres, where it can be invested in property and thus hyper-inflate the housing market. As a result rents and mortgages get puffed up, and so do potential profits for financial capital as debt increases. As the last crash showed, the periodic failures of this system are often the means by which yet more wealth is transferred from the poor to the rich. The City and its offshoots such as The Housing & Finance Institute want London and many other urban centres blighted with ghost homes, since this forces up house prices and leads to ordinary people overspending on necessities and in debt.

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We Demand Votes For The Dead In The City of London!

The City of London is the only local authority in the UK to retain the business vote, and this gives the dead hand of finance control of the council while simultaneously depriving local residents of a proper democratic voice. If non-residents can vote in the City of London why not let the dead vote too? Of course, the potential number of dead voters is far larger than those who get the business vote, but that will make the contest fairer since there is nothing just about non-residents being able to vote.

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