City of London Cash Crunch

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.

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City Should Use The Museum of London Site To Build Social Housing

Two weeks ago the government published its first ever housing delivery test – which assesses how many homes have been built by every local authority over the past three years as a percentage of the number required. More than 100 town halls fell short of the 95% pass rate, while those with the biggest delivery gaps could face having some planning powers removed next year unless they step up supply. Seven councils are currently missing the 45% threshold which would trigger that scenario, including two London boroughs and the City of London Corporation…

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The Crossrail Art Foundation & City of London Artwashing

We call on all those involved in the culture industry and more specifically those commissioned by or involved in commissioning for The Crossrail Art Foundation to boycott this organisation and any work it manages to install on the ‘Elizabeth Line’. Beneficiaries of these commissions and commissioning agencies currently include Spencer Finch, Darren Almond, Richard Wright, Douglas Gordon, Simon Periton, Yayoi Kusama, Conrad Shawcross, Michal Rovner, Chantal Joffe, FutureCity, Lisson Gallery, White Cube, Sadie Coles HQ, Victoria Miro, Whitechapel Gallery and PACE. To what extent these individuals and art organisations were aware of the nefarious activities of the City of London when they involved themselves with the Crossrail Art Foundation is unclear, but once they’re alerted to what’s going on unless they actively support the City of London’s anti-democratic agenda we would expect them to drop this connection.

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City of London Loses The Plot In Its Crusade Against Democracy

The City of London is not democratic because this council is elected mostly on business votes given to the likes of bankers who don’t live within its local authority boundaries. As a result it ignores local residents’ interests and instead spends millions of pounds a year lobbying for neo-liberal causes. We’ve also seen the council’s former leader Mark Boleat agitate for the removal of democracy from other UK councils when it comes to planning decisions, and this was done with the financial backing of the City of London Corporation. Likewise, the City of London Standards Committee appears incapable of properly addressing conflict of interest and inclusion issues when it comes to subsidising freemasonic activity by its members and their friends. That said, a story that appeared in a couple of local newspapers this week shows that the Standards Committee and their supporters in the City of London have now totally lost the plot with regard to their rabid attitudes toward local residents and democracy.

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City of London’s Neo-Liberal Politics Puts Londoners’ Housing Needs Last

Those familiar with the City of London council will not be surprised by the news that after landing a huge grant from the Mayor of London’s housing investment scheme, it has quietly dropped its plan to build 3700 new council homes by 2025. Likewise it would be silly to take at all seriously the claim: “The corporation said its budget for building new homes had come under pressure…” The modest size of this ‘pressured’ budget is a political decision; the Corporation could cease spending the millions in interest generated by its City’s Cash sovereign wealth fund on lobbying for neo-liberal economic policies and instead use the money for house building. However this is unlikely to happen until there is democratic reform of the local authority and the council chamber ceases to be controlled by undemocratic business votes.

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Mark Boleat On The City & Anti-Democractic ‘Representation’

The City’s representational role for the finance industry brings with it the cost of it failing to perform its representational role for those who live in its local authority area; we seem to be viewed as an inconvenience. Much needed democratic checks on the City’s neo-liberal propaganda activities are thwarted by a council election system dominated by business votes. The City needs reforming and this should begin with the abolition of business votes. One person, one vote, is the basis of all truly democratic systems. Those awarded business votes in the City get to vote both there and where they live. Most people having one vote, with a handful getting two, is fundamentally undemocratic.

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William Russell, Barker Bridge, The City of London, Cronyism & Self-Aggrandisement

Many see the City of London as an old boys network shot through with nepotism. The fact that councillor William Russell has already occupied the position of aldermanic sheriff and looks set to become a Lord Mayor is indicative of this. Russell’s great grandfather Frank Bowater was Lord Mayor of London 1938-1939. Frank Bowater’s older brother Thomas Vansittart Bowater was Lord Mayor of London 1913-1914 and also a conservative MP for the City from 1924 to 1938. Frank Bowater’s oldest son Noel Vansittart Bowater was Lord Mayor of London 1953-1954. Frank Bowater’s youngest son Ian Frank Bowater – William Russell’s grandfather – was Lord Mayor of London 1969-1970. If William Russell becomes the fifth member of his family to be Lord Mayor of London in just over 100 years, this can justly be perceived as dynastic and will serve to underscore that a local authority elected on business votes can never be meritocratic. Even the ultra-reactionary City A.M. rag has used the old boy phrase when covering Russell’s rise through this local authority’s hierarchy.

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