It comes as no surprise to find the City of London silently backing China as the latter cracks down on democracy in the former British colony. After all the City of London council is a grotesquely undemocratic institution. Therefore it’s good to see Graeme Harrower criticising the Corporation’s silence on this matter and suggesting the City should be welcoming to Hong Kongers and asylum seekers. While we hope pro-democracy activists win their fight in Hong Kong, in case they suffer setbacks we should indeed be preparing to welcome them here.Read more "The City of London, Hong Kong & China"
A significant part of the financial City lies outside the City’s boundaries: banks and professional services firms in Canary Wharf, and fund managers in Mayfair. There are no business voters in these places, or in any other financial centre, like New York. No-one complains that the absence of business voters in these places affects business. So why are business voters needed within the City’s boundaries?Read more "Graeme Harrower’s City of London Corportation Xmas Quiz"
Bank of England governor Mark Carney has pulled out of a dinner in the Square Mile designed to foster relations between London and China. The City of London Corporation is holding the event at The Guildhall on 3 September. It will be attended by China’s ambassador to the UK, Liu Xiaoming, the Corporation’s policy chief Catherine McGuinness and lord mayor Peter Estlin. Carney says he pulled out due to a diary clash rather than in support of pro-democracy protestors in Hong Kong. The US vice president and notorious bigot Mike Pence will speak at a black tie dinner, hosted by the City of London Corporation, at The Guildhall on 5 September. The City of London Lie Machine pumps out propaganda claiming the Corporation supports LGBT rights but its actions speak louder than its words….Read more "City of London Rolls Out The Red Carpet For Reactionaries As Liu Xiaoming & Mike Pence Are Feted At The Guildhall"
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"
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"
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"
On Tuesday 31st October 2017 at noon, witches mounted a procession to hex the sites of two proposed ‘City fringe’ housing developments that threaten to overshadow popular local parks. They directed a deadly and hostile current of will at the proposed site of Taylor Wimpey’s The Denizen in Golden Lane, after cursing out the proposed St Luke’s Mansions housing development on the space currently occupied by the Finsbury Leisure Centre. The witches are not against more homes being built in the area but what they want to see is social housing for local people built to an appropriate scale and in appropriate places.Read more "Hex In The Park: Cursing Out EC1 Ghost Homes"
GLERA calling for Mark Boleat to resign represents a start to dealing with this scandal, but it is not enough! All those with a seat on the City of London council who aren’t prepared to defend democracy from Boleat’s attacks on it should go immediately; although whether any will agree to resign is a moot point. That said, as the most prominent ‘face’ right now on a local council that has financially supported the Housing & Finance Institute, it is Catherine McGuinness who should be the focus of our disquiet. And so our most immediate demand is: “McGUINNESS MUST GO!”Read more "Mark Boleat’s Attack On Democracy: Catherine McGuinness Must Go Too!"
Since The Denizen is being marketed to property investors in Hong Kong among other places, some of those who buy into these as yet unbuilt ghost flats are likely to hail from that territory. The lack of democracy in the City of London will be familiar to them from their hometown. The local council here is positively feudal and is largely elected on a business vote (something long abolished in the rest of the UK). Both Hong Kong and the City of London could do with a revived version of the ‘umbrella revolution’ associated with the Occupy Central democracy movement on Hong Kong Island. However it seems more likely that those buying into The Denizen off-plan will come to terms with ‘the life within’ by drinking several bottles of rum a day, rather than by participating in future Occupy London protests.Read more "The Denizen & Life Within, A Rum Old Story"