Following the Occupy London protests in 2012, the Corporation released information about “City’s Cash”—the “sovereign wealth fund” stemming from the 15th century. Over 52 percent of its reserve in that year came from investments, with 29 percent from school fees, 8 percent from rent, and 9 percent from grants, contributions and reimbursements. By 2016 its assets stood at £2.3 billion, generating £210 million yearly. The 2018-23 Corporate Plan cynically insists “everything we do contributes toward the achievement of twelve outcomes.” Those listed include: “People have equal opportunities to enrich their lives and reach their full potential” and to “Help provide homes that London and Londoner’s need.” The City of London actually devotes its main energies to furthering the inequality that produces untold misery and hardship.
The history of Grub Street is far more complex than the cartoon version deployed by those using despicable poverty chic to brand their corporate hospitality operations at the Grubstreet Author. There is still much poverty in the extensive social housing immediately to the north of The Grubstreet Author, and a considerable number of people who are Irish or of Irish descent in the immediate area. The anti-Irish hate spewed out by Grub Street is something The Brewery should show more sensitivity towards. We suggest it renames its new venture after one of the victims of Bloody Sunday, when 14 unarmed civilians were murdered in cold blood by British soldiers on 30 January 1972 – and as many again were shot but survived. Grub Street racism helped fuel and justify endless British massacres in Ireland, including those overseen by Oliver Cromwell. It should go without saying we’d also like to see the City of London owned Cromwell Tower – just off Chiswell Street – renamed Devlin Tower, in honour of the politician and Irish civil right activist Bernadette Devlin McAliskey.Read more "Grubstreet Author: Corporate Hospitality & Poverty Chic"