Posts Tagged ‘bank of england’

Bank of England Told Return Venezuela’s Gold

Wednesday, February 7th, 2024

Bank of England Told Return Venezuela’s Gold: Back in 1980 the Central Bank of Venezuela (BCV) deposited almost a hundred tons of the Venezuelan government’s gold reserves in the Bank of England for safe keeping, and around 31 tons of that are still held in the Bank’s vaults.The value of gold goes up and down, but the around 2,500 standard gold bars would be worth around £1.3 billion.

Bank of England Told Return Venezuela's Gold
Ken Livingstone

In 2019, shortly before this protest on Thursday 7th Feb 2019 organised by the Venezuela Solidarity Campaign, the BCV asked to have its gold back and the Bank of England refused to return it. It is still their in its vaults.

Bank of England Told Return Venezuela's Gold
An actual gold bar weighs over 12kg – these were rather lighter

Venezuela had entered a crisis after the 2018 elections when the National Assembly declared the poll which had elected President Maduro invalid. There had been some irregularities in how the election had been run (and many unproven allegations) and some parties had boycotted the polls or not been allowed to stand. The turnout was low, with less than half of those registered voting, but even so the result seemed clear as Nicolás Maduro had gained two thirds of the votes cast, more than three times his closest rival.

Bank of England Told Return Venezuela's Gold

Juan Guaidó and the National Assembly declared him to be the acting president of Venezuela in January 2019 and a long power struggle ensued. Many foreign governments, led by the US and including the UK, Canada and various Latin American and European countries recognised Guaidó as the head of the legitimate Venezuelan government, though after his interim government was dissolved in January 2021, many ended their recognition.

Bank of England Told Return Venezuela's Gold

After a disputed period in 2019 to 2023 Maduro is now firmly back as President with Guaidó expelled from Venezuela in April 2023 and now living in exile in Florida. The UK had supported Guaidó but its position now seems deliberately unclear.

Both Maduro and Guaidó had set up their own governing boards for the Central Bank, and both claimed the gold in the Bank of England leading to a number of battles in the UK courts. But although Maduro has clearly emerged as the legitimate leader of Venezuela the Bank of England is still refusing the BCV request – and will probably continue to do so until the UK government makes its position clear.

Ken Livingstone when Mayor of London had negotiated a deal with the Venezuelan state oil company to provide cheap fuel for London buses in exchange for help with urban planning. Later he blamed an “establishment elite” for the problems that Maduro was having and accused the US of meddling in the country.

Media coverage of the struggle between Maduro and Guaidó in the UK by the BBC and newspapers was almost entirely one-sided, largely relying on the views of the Venezuelan middle and upper classes who see themselves as severely threatened by the policies of Hugo Chávez and his successor Maduro who have done much to increase literacy and improve conditions for the poorest in the country.

Bank of England return Venezuela’s Gold


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Goodbye & Good Riddance 2023 – October

Saturday, January 6th, 2024

Goodbye & Good Riddance 2023 – October began as just another month, but the world changed with the Hamas attack across the Gaza border with Israel on October 7th. I missed the first emergency protests against the Israeli response but the rest of my year was dominated by protests against the killing of civilians and children in Gaza by Israeli forces.

Goodbye & Good Riddance 2023
‘Stop Starmer’ Meeting Warns Us All. Camden London, 7 Oct 2023.
A day before the Labour conference people meet in Keir Starmer’s constituency to warn everyone how dangerous a Starmer-led government would be. Those present included many former Labour Party members who say he has no principles and list almost 30 pledges he has so far reneged on, including green jobs, NHS outsourcing, Lords reform, free school meals, workers rights, oil contracts, PR, childcare. Paula Peters of DPAC speaking.
Peter Marshall
Goodbye & Good Riddance 2023
Cancel the Debt of the Global South. Bank, London, 12 Oct 2023.
65 bags for Climate Debt against 1 for debt repayments. While the World Bank/IMF meet in Marrakesh campaigners at the Bank of England from Debt for Climate, War on Want and others join in worldwide protests for the cancellation of debts of the Global South. They are owed Climate debt for damage caused by fossil fuels 65 times as much as their debt repayments.
Peter Marshall
Goodbye & Good Riddance 2023
Barclays Told Drop Polluter Drax. Canary Wharf, London. 19 Oct 2023.
Axe Drax. XR and other campaigners at Barclays Canary Wharf HQ demand they end support for Drax, the world’s biggest burner of trees which now gets around £2m a day of UK climate subsidies intended for renewable energy for its highly polluting power station, and is seeking extra subsidies for an unproven and unworkable carbon capture climate scam. Drax burns wood pellets mainly made by clear felling mature trees in the USA.
Peter Marshall
Goodbye & Good Riddance 2023
Stand with the Palestinian Resistance! Oxford St, London. 21 Oct 2023.
Members of Fight Racism Fight Imperialism and the Revolutionary Communist Group support Palestinians resisting the Zionist state of Israel which for many years has oppressed Palestinians. They protested on Oxford Street outside British businesses, banks and institutions including Marks & Spencer which have long supported the Israeli apartheid state.
Peter Marshall
Goodbye & Good Riddance 2023
National March for Palestine – Stop the War on Gaza. London. 21 Oct 2023.
Well over 100,000 march calling for a ceasefire and an end to the violence, for a lifting of Israel’s siege and for full humanitarian aid to be sent into Gaza immediately. They called for a just peace in the Middle East and freedom for Palestine. I was too tired after standing watching the march go past for around two and a half hours that I went home rather than photograph the rally.
Peter Marshall
UFFC Annual Rally & Procession 2023. London, 28th October 2023.
The annual remembrance procession by the United Families and Friends Campaign (UFFC) marching from Trafalgar Square to Downing St for a rally with speakers from the families whose relatives were killed by police and in penal, mental health and immigration detention. They call for justice and proper investigations of the officers involved suspected of crimes.
Peter Marshall
National March for Gaza – Ceasefire Now, London, UK. 28 Oct 2023.
Many thousands march through London called for an immediate ceasefire as Israeli forces bombarded the country and cut off all communications. Thousands of children and other civilians including 110 medical staff have already been killed and supplies of water, food, medicines and fuel are running out with a with Israel denying access to all but a tiny trickle of humanitarian aid and ignoring the UN General Assembly vote.
Peter Marshall
More Pictures – Gaza Ceasefire Now! London, UK. 28 Oct 2023.
Peter Marshall
Gaza Ceasefire Now! Protest At Waterloo Station, London. 28 Oct 2023.
Several hundred protesters sat down in Waterloo Station concourse in a protest calling for an immediate ceasefire in Gaza as Israeli forces bombarded the country and cut off all communications. Thousands of children and other civilians including 110 medical staff have already been killed and supplies of water, food, medicines and fuel are running out with a with Israel denying access to all but a tiny trickle of humanitarian aid and ignoring the UN General Assembly vote.
Peter Marshall

More from my Facebook albums for 2023 tomorrow.


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World Justice And A Black Friday

Tuesday, May 2nd, 2023

World Justice And A Black Friday: Friday 2nd May 2008 was unusual for me as my work began with and event by Just Share in front of the Bank of England when my wife and I appeared together in public, a rather rare event as she seldom comes to London. But later it was a very dark day for London as the results of the Mayoral Election were announced, the begining of 8 years of rule by a dangerously incomptent, unreliable and untrustworthy man who went on to become prime minister and make a real mess of the country too. In between the two events I had time to visit an exhibition and take a little walk along the riverside.


Just Shares Take On The Bank – Royal Exchange, Bank, London

World Justice And A Black Friday

‘Just Share’, based at St Mary-le-Bow church in Cheapside, describes itself as “a coalition of churches and development agencies seeking to engage with the City of London on issues of global economic injustice” and to “address the widening gap between rich and poor in the global economy.”

World Justice And A Black Friday

They had organised the event on the steps of the Royal Exchange in front of the Bank of England, with stalls from several groups involved in the trade justice movement including Operation Noah (a Christian-based charity campaigning about the environment) and Muslim Aid, before speeches by Ann Pettifor of Advocacy International and Operation Noah, previously Jubilee 2000, and The Guardian’s economics editor Larry Elliott.

World Justice And A Black Friday

Following this we walked the short distance to St Mary Woolnoth – one of Hawksmoor’s finest buildings, and where former slave captain John Newton, who wrote ‘Amazing Grace’, preached his last 28 years – a few yards away.

World Justice And A Black Friday

Here there was a seminar where Pettifor expanded her argument about the false basis of our current economic system, which is the subject of her book ‘The Coming First World Debt Crisis‘ arguing that the current global debt-based financial systems are unsustainable and that a structural change is necessary to give proper regard to actual production, and the rediscovery of the insights of earlier Christian (and of course Muslim) traditions.

There wasn’t a huge attendance at the event, and probably a majority of those present were wearing dog collars. I didn’t find it easy to make interesting pictures though I did photograph most of the speakers. And I suspect it fell on very closed ears in financial circles where people were and are personally doing very well from our failed system.

More pictures at Just Shares Take On The Bank.


London Riverside – South Bank and Southwark

It was some time before the result of the London Mayoral elections was to be announced in the early evening, and I made my way to the Hayward Gallery to see an exhibition there before taking a leisurely walk along the South Bank to City Hall. I think there may well have been time for a little food and liquid refreshment too.

On Bankside I made this picture of Cardinal Cap Alley and the house that Christopher Wren didn’t live in. You can see some more pictures from the walk, including at the Hayward Gallery, a distant view of Tate Modern’s chimney, St Pauls Cathedral and the Millennium Bridge and Fishmonger’s Hall at London Riverside.


No to the Crook, the Toff, the Fascist or Cop – City Hall, Southwark

Like other photographers attending protests in London I had become used to being routinely photographed by police photography teams, the so-called Forward Intelligence Teams, FIT. But sitting reading on the steps in Potters Fields on this occasion waiting for things to start I attracted more than the usual attention, perhaps because the book I was reading had the title ‘Terrorist’. As I point out in My London Diary, this is not a training manual, but a novel by one of America’s leading novelists, John Updike.

I was filmed for over a minute and a number of still photographs were taken. Some months later I made a freedom of information request asking what pictures the police held of me, giving this as one of the dates on which I had been photographed. I paid my money, waited and eventually got the response – that they had no pictures of me.

I was there to take pictures as several anarchist groups had come to protest at the result, saying ‘No to the Crook, the Toff, The Fascist or Cop’, declaring none of the four candidates suitable to be Mayor. Personally I felt they were being a little unfair to previous mayor Ken Livingstone who while he had his faults had largely done his best for London and certainly now seems a shining beacon of honesty compared to most of the leading Tories – including Starmer – we have seen since.

Things outside City Hall remained pretty calm until Fitwatch got fed up with being photographed and began to try to frustrate the FIT teams by surrounding one of them with their banners. The police called up reinforcements and the Territorial Support Group (TSG) arrived and began pushing everyone around, including the protesters, press and bystanders, most of whom were tourists, in the direction of a penned area a short distance away. As I reported, ‘One French woman was bemused. “But why are they just letting themselves be pushed” she asked me as I took photographs. “Because this is England and not France” I replied.’

One man sitting watching from the river wall refused to move and was told he was obstructing the highway – which he clearly was not. Eventually they arrested him and dragged him away. But otherwise the police were reasonably well-behaved and on showing my press card I was allowed to walk away from the area.

I was keen to do so, not just because I didn’t want to be kettled, but also because I had seen some of the cannier members of Class War moving away and was able to photograph them displaying an Anti-Fascist banner from a balcony overlooking the site for a few minutes until they melted away as officers began moving in our direction, finding refuge in a nearby pub. By the time the police arrived they obviously couldn’t be bothered to chase them, and contented themselves with moving the innocent public away from the balcony, and after a short time, also moving the press. I went and joined Class War in the pub briefly before leaving for home.

More at No to the Crook, the Toff, The Fascist or Cop.


A Walk In the City – March 1989

Tuesday, February 28th, 2023

My walk in the City of London towards the end of March 1989 began at Bank Station, perhaps because the Bank of England is in many ways the centre of the City, but probably also because until 1994 the Waterloo and City line was a part of our railway network and I could travel there as a “London terminus” on my rail ticket. In 1994 it became part of the London Underground (they paid £1 for it) and from then on I needed to pay them for the journey. I think back then there were no services on the “drain” on Saturday aftenoons or Sundays.

War Memorial, Bank of England, City, 1989 89-3d-64
War Memorial, Bank of England, City, 1989 89-3d-64

Over the years I’ve taken many slight variations on this picture with the London Troops War Memorial and the Bank of England. The memorial to the troops of London who died in the Great War was designed by Sir Aston Webb, with carving and lettering by William Silver Frith and the bronze figures by sculptor Alfred Drury and was unveiled on the day after the second anniversary of Armistice Day on 12th November 1920.

Later a further dedication to those who died in the Second World War was added. The quality of the statues and carving and overall its design make it one of the more impressive of war memorials. Grade II listed when I made this picture it was upgraded to II* more recently for the 100th anniversary of the Battle of the Somme.

The memorial stands in the triangle of public space in front of the Royal Exchange but this picture was taken from the side to include the Bank of England as the background. It’s perhaps slightly unfortunate that I included the sign for the public toilets at the bottom edge, useful though they were – and then like others in the City – free to use.

George & Vulture, George Yard, City, 1989 89-3d-52
George & Vulture, George Yard, City, 1989 89-3d-52

The George & Vulture describes itself as a City institution and there has been an inn on this site since 1142 or 1175, depending on who you believe – or 1600 according to my picture. Before the 1666 Great Fire there were supposedly two inns here, the earliest The George and a later establishment, The Lively Vulture, but they were amalgamated in the rebuilding.

It gets numerous mentions in Dicken’s Pickwick Papers and has been the headquarters of the City Pickwick Club since it’s inaugural dinner in March 1909 when it was founded incorporating his earlier Pickwick Coaching Club by Sir James Roll. Initially limited to 30 members that has increased over the years and in 2009 was raised to 100; they still meet for dinner there four times a year, and it is also host to other Dickens events.

Rather than a pub it is now a City chop house or restaurant, though open some evenings for cold plates and drinks; run by Samuel Smiths Old Brewery it offers a full range of their beers as well as other drinks.

Fountain, George Yard, St Michael's Alley, City, 1989 89-3d-53
Fountain, George Yard, St Michael’s Alley, City, 1989 89-3d-53

The City’s alleys have long fascinated many, and I’d first explored them before I was taking many photographs, following walks from one of many guides to London. It’s still easy to get a little confused in following them, particularly when some parts such as George Yard has changed rather.

You will search in vain for this fountain which then stood in the open area at the end of George Yard and St Michael’s Alley (though you could also reach it from Bell Inn Yard or Bengall Court and it was just a few steps from the end of Castle Court.

Fountain, George Yard, St Michael's Alley, City, 1989 89-3d-42
Fountain, George Yard, St Michael’s Alley, City, 1989 89-3d-42

Both the George & Vulture and the the Church of St Edmund the King in the background of this picture remain, but much of the rest around here has been replaced.

Fountain, George Yard, St Michael's Alley, City, 1989 89-3d-43
Fountain, George Yard, St Michael’s Alley, City, 1989 89-3d-43

I assume the statue was of St Michael and to me it and the mosaic floor have a look of the 1950s or 60s about them, but neither this statue nor the fountain in which it stood get a mention in any of the books about London I own. Most of my pictures were of the mermaids who obviously appealed to me more.

I have no idea what happened to these sculptures, and have been unable to find any more information about them. The yard is now home to rather Dalek-like structures, surrounded by seats and flower beds, presumably provided ventilation for areas below. The whole site on the west side of Gracechurch Street south of Bell Inn Yard which was the headquarters of Barclays Bank was redeveloped shortly after I made these images, with the distinctively curved 17 floors of 20 Gracechurch being completed in 1994.

Sculpture, Lombard St, City, 1989 89-3d-46
Sculpture, Lombard St, City, 1989 89-3d-46

I walked out onto Lombard Street where I made several exposures of this Grade II listed bronze ‘Chimera with Personifications of Fire and the Sea’ by Francis William Doyle-Jones from 1914 on the 1910 bank building. I was at the time thinking of putting together a compilation of pictures of London’s ‘topless’ women.

Sculpture, Lombard St, City, 1989 89-3d-33
Sculpture, Lombard St, City, 1989 89-3d-33

A wider view taken from the corner with Birchin Lane, where the view today is little different to that in 1989, except that the hanging TSB 1810 sign on Falcon House at left, there until 2016, has since been replaced by one peculiarly illegible one for Falcon Fine Art.

My walk around the city continued, though I’ve digitised relatively few pictures from it and soon moved away further east towards Spitalfields, as you will see in my next post on it.


Funeral For Legal Aid And A Pig

Sunday, May 22nd, 2022

Funeral For Legal Aid And A Pig

I don’t think the London Criminal Courts Solicitors’ Association organise many protests, but they did a good job on Wednesday 22nd May 2013, with a mock funeral and rally at Parliament against government proposals for justice on the cheap, restricting legal aid and ending the right of clients to chose their solicitor with work going to the cheapest bid.

Funeral For Legal Aid And A Pig

The introduction of price-competitive tendering (PCT) would have the effect of bankrupting smaller law firms, while opening up provision of legal aid to large non-legal companies, including Eddie Stobart and Tesco. It would also prevent those eligible for legal aid from being able to choose appropriate specialists in the legal area involved in their cases.

Funeral For Legal Aid And A Pig

It was a protest that brought together a wide range of organisations an interests, with many speakers from the legal professions, from political parties and some who had been involved in cases of injustice including Gerry Conlan from the Guildford 4, a member of the family of Jean Charles De Menzes, Susan Matthews, mother of Alfie Meadows and Breda Power, the daughter of Billy Power, one of the Birmingham 6. Solicitors who spoke included Clive Stafford Smith, the founder of Reprieve, and Blur drummer Dave Rowntree, and notable among the QCs, Helena Kennedy.

Clive Stafford Smith

Some, including those from Women Against Rape, Winvisble, Women of Colour in The Global Womens Strike and other groups had come because the proposed changes would have drastic effects on women involved in domestic violence and rape cases, and immigrants fighting for asylum.

Gerry Conlan – the Guildford 4 only got justice when they could get the right lawyers on legal aid

The event had begun with a funeral procession led by a marching jazz band with robed and wigged figures carrying the coffin of Legal Aid, followed by a woman dressed as the Scales of Justice. After the speeches there was a summary by leading barrister John Cooper QC and then the whole assembly delivered its verdict on the Lord Chancellor and Secretary of State for Justice Grayling, ‘guilty as charged’.

Jeremy Corbyn, MP

Not for nothing did Grayling become widely known as ‘Failing Grayling‘ for his was a consistent record of incompetency and blunders in various ministerial roles in both Coalition and Tory governments conveniently summarised in the i‘s article 10 disasters that have happened under his watch.

As well as the cuts to legal aid which led to many victims of domestic violence in the courts and family courts facing their abusers without a lawyer, Grayling’s attempt to end legal aid to those in prison was ruled unlawful in 2017. His introduction of high fees for employment tribunals in discrimination cases was ruled unlawful by the Supreme Court – and the government had to refund £27 million. He made an agreement with Saudi Arabia for training in their jails which had to be dropped when other ministers pointed out their abysmal human rights record. Then there was the prison book ban, again found unlawful. And his 2014 overhauling and privatisation of Probation services was a disaster that forced its later reversal.

Emily Thornberry, MP

Grayling then moved to Transport, worsening the Southern Rail fiasco, costing us £2bn over Virgin East Coast, contributing to chaos over rail timetabling and awwarding a firm with no ferries a no-deal Brexit contract. And although the i article stopped at 10, Grayling didn’t.

More pictures at Lawyers Funeral for Legal Aid


Daddy’s Pig heads for the Trough – Downing St to Bank

The legal aid protest at Parliament meant I had missed the start of the three mile marathon by artist taxi-driver Mark McGowan on his knees pushing his Daddy’s Pig, accompanied by another protester pushing a fire engine, from Downing St to the Bank of England.

I met them outside the Royal Courts of Justice, where the two had taken a rest before starting off on the second half of their gruelling journey, accompanied by a group of supporters, some of whom were carrying pigs.

While the country suffers from the effects of the various cuts, bankers, private equity companies, oligarchs and other friends of the Tories were having a feeding frenzy, snouts in the trough as the government privatised much of the NHS and other services and the City of London entrenched its position as the money laundering capital of the world.

More pictures at Daddy’s Pig heads for the Trough.


Bank refuses Venezuela its gold

Saturday, June 1st, 2019

It’s always difficult for photographers when events more or less repeat themselves, and this was the third protest I’d covered in just a few weeks about the US attempt to engineer a regime change in Venezuela, and the second outside the Bank of England, with many of the same people taking part, and it was all too easy to produce more or less the same images. As the great Yogi Berra said, ” It’s deja vu all over again”, though he also said ” I never said most of the things I said.”

Ken Livingstone was also a figure with a second coming, having run the Greater London Council and begun to bring the capital up to date in the 1980s, his success so enraged Margaret Thatcher that she abolished the council and sold off its palatial headquarters just downstream across the Thames from the Houses of Parliament.

Livingstone returned as elected mayor of the new Greater London Authority after 14 years in which London had largely stagnated, acheiving office despite determined opposition from Thatcher’s successor (following the brief interregnum of John Major), Tony Blair. Although Livingstone was the choice of Labour members and affiliates, the votes of Blairite MPs, MEPS and GLA candidates made Frank Dobson the Labour candidate, and Livingstone stood as an Independent. In the first round of voting he came out on top, with three times the vote of the official Labour candidate who was eliminated, and was elected in the second round with a vote of almost 58% .

Four years later, Livingstone was re-admitted to the Labour Party and re-elected as London’s Mayor. Despite two largely successful terms in office, he lost the 2008 mayoral election to Boris Johnson, who set out to establish himself as London’s worst mayor despite often rapturous media coverage.

Of course Livingstone was not the only speaker, but he was the major speaker at the event. He had been in the crowd at the previous protest outside the Bank of England, but this time he spoke, reminding us of his relationship with the former President of Venezuela and the contribution made by Venezuela to enable him to provide half-price bus fares for lone parents, sick and disabled Londoners. Recently after an earlier protest calling for the Bank of England to return Venezuela’s gold I wrote more on Livingstone with some pictures I’ve taken.

Stop Trump’s Venezuela gold & oil grab


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Livingstone

Sunday, May 12th, 2019

Bank of England return Venezuela’s Gold

I’ve several times been interviewed by journalists who have asked to name my most important photographic accessory and my answers have varied according to mood and the kind of photographs we are talking about. A good pair of shoes is one of my favourites, but the thing that really made much of my photograph of London possible was the Travelcard, introduced when Ken Livingstone was in charge of the Greater London Council before Mrs Thatcher put London Government back thirty years in a fit of pique by abolishing the GLC and selling off its building.

The picture above was taken a few days before the election when he knew from the opinion polls he was almost certain to lose to Boris Johnson. I’d photographed him speaking at an event and we just happened to catch the same train. Just after I took this picture, several people came and asked if they could take ‘selfies’ with him, and he smiled at them and told them of course they could.

I’ve always been impressed when I’ve watched Ken talking to strangers. Here’s a picture from a few years earlier with him holding an umbrella in an April shower as he shares a moment with a well-wisher at an event at Gabriel’s wharf, Southwark.

Again a few days before he lost the election, here he is with George Galloway who also spoke at an event in Altab Ali Park in Whitechapel.

As Mayor of London in 2002 he bgan the official celebrations of St Patrick’s Day and I photographed him five years later at the event.

Ken did a great deal fro gay rights and also for all of London’s ethnic minorities. Here he is marching at Pride with Peter Tatchell in 2011 three years after losing the mayoral election; security let photographers approach the marchers for a few seconds and I made this picture.

Ken Livingstone was certainly the most interesting of the speakers at the protest outside the Bank of England calling on it to return the 14 tons of Venezuelan gold to the Venezuelan government of President Maduro.  He recalled the visit to London of Hugo Chávez, and how money from Venezuela’s state oil company enabled him to give half price bus fares to lone parents and sick and disabled Londoners in return for teaching planning and traffic management skills to Venezuelan officials.

More at Bank of England return Venezuela’s Goldhttp://mylondondiary.co.uk/2019/02/feb.htm#gold


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All photographs on this and my other sites, unless otherwise stated, are taken by and copyright of Peter Marshall, and are available for reproduction or can be bought as prints.

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