• Home
  • Uncategorized
  • #OccupyLSX – Occupy London Stock Exchange sets up camp in the City

#OccupyLSX – Occupy London Stock Exchange sets up camp in the City

 

Occupy London Stock Exchange sets up camp in the City

  • Between 4000 – 5000 people gather in London’s Square Mile to voice their anger at the social and economic inequality in the UK and beyond
  • OccupyLSX holds first people’s assembly this afternoon to decide future plans for its occupation
  • People’s assemblies spring up near St Paul’s despite police refusing to allow protesters onto Paternoster Square

Occupy London Stock Exchange (OccupyLSX) is holding a People’s assembly in the heart of London’s financial centre just outside St Paul’s cathedral, with more than 4000 people gathering to highlight and address social and economic injustice in the UK and beyond.
OccupyLSX is one of more 950 actions taking place around the world who are coming together under the banner of “United For Global Change” calling for true democracy. Over 20 actions and occupations are happening around the UK.

This afternoon,OccupyLSX held its first General Assembly – open to all – allowing attendees to voice their opinions as well as taking decisions. Together they are deciding the future of the occupation and people are currently working together to set up toilet’s kitchens and to decide the future of the occupation. There are plans for workshops, talks and teach-ins.

Jane McIntyre who is planning to stay at Occupy LSX for as long as possible said:
“Whilst the illigitmate G20 finance ministers meeting is happening this weekend, people around the globe are protesting against the inequality and injustice that has arisen because of the failed economic system that governments are pushing onto people everywhere. People are saying enough is enough, we want a read democracy, not one that is based on the interests of big business and the banking system.”

OccupyLSX supporter Ronan McNern said: “Our movement for change transcends political affiliation – you don’t have to be left or right. Come join as we begin to open up a space in London’s Square Mile to start much needed conversations about changes in the financial sector and government, so that they better serve and protect the interests and wellbeing of the country.”

Vlad Teichberg, member of the Occupy Wall Street media collective said: “London – welcome to the revolution! What’s happening around the world with the spread of occupations is the beginning of a global conversation based on the principles of equality, unity and mutual respect about the future of our society. Let’s get together and we can all be part of this.”

The occupation comes as the failings of the financial industry and those regulating it become evermore clearer. The UK bank bailout accounts for about one third of the global banking bailout, with the total cost of bailing out at £1.3 trillion – more than 10 times the entire NHS budget. And still three years on the government continues to subsidise the ‘too big to fail banks’, whilst bankers reward themselves enormous bonuses. [1] This contrasts starkly against the planned £83 billion public sector cuts by 2014-15, predicted to cut the incomes of ordinary people – such as 16.2% for pensioner couples, 6.2% for typical families with two young people on modest earnings and 10.4% for the average working lone parent with two children. [2]

“No wonder levels of social mobility in the UK are the lowest among all developed economies. The financial elite are taking advantage of the rest of the nation, with the top ten percent now have 100 times the wealth of the bottom ten percent. It is time to make a stand for a democratic society for all, in solidarity with the 99 per cent around the world,” added Ronan.

Bringing together a diverse range of people, OccupyLSX is part of 20 actions and occupations happening in towns and cities across the UK [3] and over 950 actions worldwide today. It is supported by groups including UK Uncut, the London-based Assembly of the Spanish 15M movement and others. It has already received phenomenal interest, from the public and media in the UK and around the world, with the OccupyLSX facebook group now having more than 15,000 members.
– Ends –

•    Twitter: twitter.com/OccupyLSX; Hashtags #OccupyLSX #OLSX #OccupyLondon #oct15
•    Facebook: www.facebook.com/occupylondon
•    Live video: www.livestream.com/occupylsx
•    Website: occupylsx.org
•    Flickr: http://www.flickr.com/people/occupylsx
•    Email: general@occupylsx.org

Notes
 [1] New Economics Foundation, Quid Pro Quo, September 2011 – www.neweconomics.org/publications/quid-…
[2] The cuts are hitting the poorest hardest according to the Institute for Fiscal Studies; TUC, Where the Money Goes, October 2010 www.guardian.co.uk/politics/2010/oct/21/spending-review-cuts-will-hit-poorest-harder-says-ifs; http://www.tuc.org.uk/extras/Where_the_money_goes_press%20release.pdf [
3] For an overview of Occupy events happening in the UK, see Occupy Britain (www.occupybritain.co.uk/). A comprehensive list of United for Global Change events scheduled for 15th October is available at 15october.net. The People’s Assemblies Network (http://www.peoplesassemblies.org) is a global network supporting grassroots democratic assemblies. [4] Further financial information and statistics about the bank bailouts, austerity cuts, unemployment and inequality in the UK can be found at: occupylsx.org/?page_id=172
5 The first OccupyLSX General Assembly took place during the course of UK Uncut’s “Block the Bridge, Block the Bill” event on Westminster Bridge. Images, together with a report of the event, have been posted at occupylsx.org

 

23 Responses to “#OccupyLSX – Occupy London Stock Exchange sets up camp in the City”

  1. Hey there, You’ve done a fantastic job. I will certainly digg it and personally recommend to my friends. I am sure they will be benefited from this web site.

     
  2. I was very pleased to find this website.I wanted by way of thanking you with this excellent read!! I definitely taking pleasure in each and every little bit of it and that i perhaps you have bookmarked to check out brand new items you publish.

     
  3. I love the layout of your blog. Obviously you have a very valid point, however I can’t get over how great the site design is.

     
  4. A person produced some great elements there. I think most people may agree along with your site.

     
  5. I came across this particular web page incorrectly, remarkably, that is an excellent website. The web site owner offers carried out a great profession of placing it with each other, the data right here is really and useful when i perform analysis. Right now im going to save our planet broad internet site in order that I can review within the long term.

     
  6. 732837 beers on the wall. sck was here

     
  7. Great blog post, I’ve bookmarked this page and have a feeling I’ll be returning to it frequently.

     
  8. My partner and I absolutely love your blog and find almost all of your post’s to be precisely what I’m looking for. Does one offer guest writers to write content for you personally? I wouldn’t mind creating a post or elaborating on a number of the subjects you write in relation to here. Again, awesome weblog!

     
  9. Great beat ! I wish to apprentice while you amend your web site, how could i subscribe for a weblog web site? The account helped me a applicable deal. I have been tiny bit acquainted of this your broadcast provided bright clear concept.

     
  10. This is a wonderful inspiring write-up.I am basically pleased with the good work.You set really beneficial information. Continue. Keep writing a blog. Looking to studying your next article.

     
  11. Loving the information on this site, you have done outstanding job on the posts.

     
  12. Rattling clear website, regards for this post.

     
  13. It has been a long time coming, it is good to see the 99% take a stand against the 1% of pure greed in this world. History has been written, let true democracy start.

     
  14. evil jews are infiltrating movement on your twitter feed,beware of them,i reserached english royals…they are all masons,seee rossylnn chapel,from jew ball RT feed,twiiter,the royal family are house og gelph they had a war with ghibellines frederick 2….of russia the guy that handed ourt fre land to his people murderd i think by black geuplhs they own trade from venice,jews and muslims!via royal families,jes ,muslims bad ones not good ones established the trade routes then venice black gelphs commercial rule of planet..all fact,can’t counter this….don’t let them brain wash you with fake jewish lies,they are starting to get jealous and come out of the cracks and stone ware..beware the jew!

     
  15. george lewsis elecor of hanover as george 1 a black gelph,the black nobilty commercial own the planet illegally……they are roman catholic,even the anglican church is gelph….the ghilbellines or some other church but can’t find out what one yet….is it a good one or evil one,kbaal evil god temple is below the st peters basicalla,,,thats why they are named roman /not catholic…..orthodox catholic are real church….notre dame cathedral built on baal witch craft site too..all facts ive found proved….whats going on!

     
  16. This really is a awsome write-up, i’m pleased I stubled onto. I have been looking for guest writters for my blog if you ever decide thats something you are interested in don’t hesitate to contact me. I will be back to look at out more of your articles later!

     
  17. great info

     
  18. useful info

     
  19. thanks alot

     
  20. spot on

     
  21. Extremely educational article!

     
  22. Super. Ciekawy artykuł.

     
  23. It’s really a great and useful piece of info. I’m glad that you shared this helpful information with us. Please stay us informed like this. Thank you for sharing.

     

Leave a Comment

You must be logged in to post a comment. Log in »

© 2012 Occupy London
Powered By DynamiX