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.
If the publicly available minutes of the Standards Committee for the City of London council are reliable, then the Standards Committee is more than just substandard, it is not fit for purpose. Since the men involved were Freemasons, the subject under discussion was Freemasonry, and the majority of the committee present seem to belong to this fraternal organisation, potential external perceptions include a reinforcement of the widespread view that Freemasonry is sinister and conspiratorial.Read more "City of London Standards Committee Freemasonry discussion substandard?"