An unnamed spokesperson for the City Corporation was quoted as saying that “We are determined to ensure there are no barriers to any member of the community standing for the elected office of Lord Mayor”.The word “elected” was added before “office of Lord Mayor” presumably to “enhance” the impression of democracy, but there is nothing democratic about the Lord Mayor’s election. The Corporation’s website specifies that a candidate for Lord Mayor should “have a significant track record and be recognised as a leader in their field” (typically in the financial City) and “have an extensive network”. Here’s a translation into truth of the sentence in the press release, with added words: “We are determined to ensure there are no barriers except status and connections to any member of the community standing for the undemocratically elected office of Lord Mayor.” The press release proves the equation that PR + HR = nonsense. It also proves that adapting a feudal system of local government to the modern world is impossible. It’s time for the Corporation to be disaggregated.Read more "Graeme Harrower On The City Tinkering With The Rigged ‘Election’ Process To Become Lord Mayor of London"
Following our coverage earlier this year of the City of London website being off-line over and after the May bank holiday – and according to rumour due to a cyber attack – it’s interesting to see the business press today reporting the massive scale of such attacks on this rotten borough. Current coverage stresses this as a danger to residents while perhaps unconsciously implying links between our local authority’s peculiar and undemocratic role in international finance and an even greater criminal threat to locals than is found elsewhere in London and across the UK, by invoking attacks on the European Central Bank. While all councils are subject to cyber attacks, it seems that the City of London is a more inviting target because of its status as perhaps the richest neo-liberal lobbyist in the world. In the interest not just of democratic accountability but also of everyone’s safety – and especially that of residents – the City’s business vote system needs to be abolished and its neo-liberal lobbying stopped once and for all. The business vote system prevents local residents having a democratic say in how their local authority is run, and ensures instead that power lies in the hands of the finance and legal industries – who chose to run the council for the benefit of global corporations and the global super rich and against the interests of both the overwhelming majority of those who actually live in the City and billions worldwide.Read more "City of London’s Neo-Liberal Politics Raise Cyber Attack Risks For Residents"
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’"
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.Read more "Miranda Brawn & City of London Awardwashing"
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.Read more "Oliver Lodge, Freemasonry & The City of London Standards Committee"
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"
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.Read more "James Thomson & The City of London Property Development Lobby"
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.Read more "The Denizen & The Plutocracy’s Programme For Growing Inequality"
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.Read more "We Demand Votes For The Dead In The City of London!"
Central London is full of developments known by ridiculous names like The Shard, The Gherkin, The Walkie Talkie and The Cheesegrater. Many of these monikers are informally conferred on the buildings. While not yet built, The Denizen’s nickname The Turd is fitting because it absolutely stinks that the site was flogged off to Taylor Wimpey by the City of London, and then granted planning permission by the same local authority. It simultaneously underscores that Allford Hall Monaghan Morris broke the rule that architects shouldn’t shit on their own doorstep. That’s exactly what AHMM have done with The Turd, the site is a short walk from their Old Street office. The Denizen’s design makes it look like a toxic crap from another unloved local ghost home complex, The Bum, officially TP Bennett’s Bezier apartments on Old Street roundabout.Read more "Officially It’s The Denizen But To Locals It’s The Turd!"