The City of London, House Building Targets & Business Votes

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.

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Culture Mile: Tourists Go Home – Refugees Welcome!

Rather than exposing the City of London as the UK’s last rotten borough and exploring the area’s often disreputable history – the racist tropes cooked up by Protestant bigots in Grub Street, the violence and extra-legal activity around the Shrieval Election of 1682, or the notorious bawdy houses of Cripplegate etc. etc. – the Culture Mile has to date consisted of the super-bland artwashing. Instead of the proposed Centre of Music being built on the current Museum of London site, we’d rather see housing for refugees. Likewise there is already a huge daily footfall of visitors in the Culture Mile area and seeking to increase this will make life worse for its residents. Tourists aren’t wanted and nor are retail outlets selling overpriced goods to sightseers either.

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The Last Rotten Borough Revisited

The Corporation of London has rarely come under serious scrutiny since 1960 when a royal commission on local government in Greater London considered in great detail whether the ancient body could and should continue as a separate local authority. Sadly, its conclusion was feeble: “If we were to be strictly logical we should recommend the amalgamation of the City and Westminster. But logic has its limits and the position of the City lies outside them.”

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Nicholas Kenyon’s Culture Mile Talk

Nicholas Kenyon offered a fake choice between a quarter of a billion pound concert hall on the old Museum of London site and an office block. There are many other options. The money would be better spent on building much needed homes for Londoners where the vacated building stands; or millions of pounds could be saved for other uses by deploying the existing structure to house a different museum.

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Culture Mile: A Nightmare On Beech Street

If the City of London wishes to become a ‘world-class’ cultural destination then clearly it needs to dump its current arts policies that relentlessly pursue the middle-brow, apparently with the aim of facilitating corporate junkets. More of a gritty urban vibe is required, alongside cultural institutions that actively do away with the Puritanism that has characterised the City establishment for hundreds of years. The last thing needed is a privately educated knob like “Sir’ Simon Rattle promoting light orchestral garbage in a specially built and extortionately expensive ‘Centre for Music’ AKA a concert hall. The best way to vibe up the neighbourhood is the provision of a great deal more social housing, so that there is an even bigger working class population. Not that it isn’t substantial already on both the Golden Lane Estate within the City of London, and in the extensive Peabody Trust social housing that lies just over the borough boundary with Islington.

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