Treasure Islands - Nicholas Shaxson [149]
20.“Reaction to the Tax Gap Series,” The Guardian, February 14, 2009.
21.Prem Sikka, “UK Company Law Is Terrorism’s Friend,” The Guardian, January 20, 2010.
22.Will Stewart, “Londongrad . . . Russia’s Money Laundry,” The Express (UK), February 27, 2010; and “Britain Called Crooks’ Haven,” Sydney Morning Herald, February 28, 2010.
23.See “Lloyds Forfeits $350m for Disguising Origin of Funds from Iran and Sudan,” The Guardian, January 20, 2009; and “Lloyds TSB to Pay $350 Million to Settle Probe,” Bloomberg, January 10, 2009.
24.Megan Murphy, “Banking: City Limits,” Financial Times, December 13, 2009; and Richard Roberts, The City: A Guide to London’s Global Financial Centre, 2nd ed. (London: The Economist/Profile Books, 2008), pp. 261–73.
25.The voting is supposed to reflect the “composition” of the workforce but not the “wishes” of the workforce. It is done through voting appointments: Business managers appoint voters from the workforce, who must be UK or Commonwealth or European Union residents. Source: Corporation of London website.
26.City of London, City Livery Companies, www.cityoflondon.gov.uk, accessed August 2010.
27.The Corporation itself hints at this: “The right of the City to run its own affairs was gradually won as concessions were gained from the Crown. London’s importance as a centre of trade, population and wealth secured it rights and liberties earlier than other towns and cities. From medieval to Stuart times the City was the major source of financial loans to monarchs, who sought funds to support their policies at home and abroad.” Source: City of London, “Development of local government,” www.cityoflondon.gov.uk, November 19, 2009, http://www.cityoflondon.gov.uk/Corporation/LGNL_Services/Leisure_and_culture/Local_history_and_heritage/development.htm.
28.Clement Attlee, The Labour Party in Perspective, first published in 1937.
29.John David, Reforming London: The London Government Problem, 1855–1900 (Oxford: OUP, 1988), p. 51.
30.Reginald R. Sharpe, London and the Kingdom, Volume 1 (Bibliobazaar LLC, 2008).
31.Ibid., p. 42. Winchester was left out of the original survey too, but was later surveyed; the City never was.
32.Which King James I had granted to the City of London.
33.While the 6,000 human residents would still get a vote each, the corporate vote was widened, increasing their votes from about 23,000 to 32,000. Voting rights would reflect the number of employees, but not the “wishes” of the workforce.
34.His role is, as the Remembrancer’s Office puts it, to have “day to day contact with officials in Government departments responsible for developing government policy, the drafting and promotion of legislation and responsibility for relations with both Houses of Parliament and their Committees.” City of London, City Remembrancer’s Office, www.cityoflondon.gov.uk, accessed August 2009.
35.A previous Remembrancer boasted that his operating principle was to “oppose every bill which would interfere with the rights and privileges enjoyed by the Corporation.”
36.“House of Lords European Union Sub-committee A (Economic and Financial Affairs and International Trade): Inquiry into Directive on Alternative Investment Fund Managers,” memorandum from the City of London Corporation, submitted by the Office of the City Remembrancer, September 2009.
37.“House of Lords European Union Sub-committee A: Inquiry into the Commission’s Communications on Ensuring Efficient, Safe and Sound Derivatives Markets,” memorandum from the City of London Corporation, submitted by the Office of the City Remembrancer, January 2010.
38.City of London, “City of London funds,” www.cityoflondon.gov.uk, accessed August 2010.
39.Developments are described in the blog “Mammon. From Superhero to Subzero,” Open Shoreditch, February 8, 2009.
40.City Cash funds offices in Brussels, Mumbai, Beijing, and Shanghai.
41.David Hencke and Rob Evans, “Medieval Powers in City Trial of Strength,” The Guardian, October 5, 2002.
42.Jason Beattie, an experienced British political reporter, tried to dig into City Cash