Archive for 2011/10/30
The City of London Corporation
The City of London Corporation (also known as the Corporation of London) is the municipal governing body of the City of London. It exercises control only over the City (the “Square Mile”, so called for its approximate area), and not over Greater London. It has three main aims: to promote the city as the world’s leading international financial and business centre; to provide local government services; and to provide a range of additional services for the benefit of London, Londoners and the nation.
There is no surviving record of a charter first establishing the corporation as a legal body, but the city is regarded as incorporated by prescription, meaning that the law presumes it to have been incorporated because it has for so long been regarded as such even in the absence of written documentation.
The corporation is unique among UK local authorities for its continuous legal existence over many centuries, and for having the power to alter its own constitution, which is done by an Act of Common Council.
Leaked G20 press release: No bank should be too big to fail. Taxpayers shouldn’t have to prevent bankruptcyPosted: 2011/10/30 in Education / Awareness
German language news article:
What the Occupy London crew has correctly identified is that the relationship between finance and the rest of the economy is seriously awryPosted: 2011/10/30 in Education / Awareness
The extraordinary rise takes the average pay of a FTSE director to nearly £2.7 million.
Bonus payments for directors soared nearly a quarter, up from a mere £737,000 to £906,000. The figures have been described as “obscene” by Len McCluskey, the general secretary of Unite.