NatWest | >Re-PHOTO

March on the City 2008

March on the City: On Friday 10 October 2008 several hundred anti-capitalist protesters, mainly students, took to the streets of the City of London to say “We Won’t Bail Out the Bankers’.

The financial crisis had started in 2007, but reached a climax with the bankruptcy of Lehman Brothers on September 15 2008 which precipitated an international banking crisis.

Wikipedia sets out the causes of the crisis in some detail, but essentially US banks had been allowed to make more risky loans by changes in US laws which loosened regulations and allowed banks to take part in high risk operations such as proprietary trading and investment banking.

In the US one result of this was the proliferation of mortgage loans to people on low incomes who could really not afford the repayments and eventually defaulted. The problems with ‘subprime mortgages‘ particularly given to many in minority communities in the USA came to a head as a boom in US house prices in the early 2000s was followed by a sharp drop in the value of properties which were the security for the loans.

As Wikipedia comments, “governments deployed massive bail-outs of financial institutions and other palliative monetary and fiscal policies to prevent a collapse of the global financial system.” This resulted in the widespread feeling that those who had created the crisis were being rewarded for their failures.

In the UK, the New Labour government under George Brown made a massive financial intervention, paying £137 billion to the banks in loans and new capital, some of which was later recouped, but leaving a cost of £33 billion. While some support was necessary to avoid a total breakdown of the financial system, many felt that the government should have taken a firmer line and that those responsible should have had to pay for their mistakes and not to seem to have kept their highly paid jobs.

Both Northern Rock – the first UK bank to fail in July 2007 and Bradford & Bingley were taken into public ownership, and RBS/Nat West into majority public ownership. But RBS still ended up costing us £35.5 billion – and the leading bankers still ended up getting huge salaries and big bonuses. The Royal Bank of Scotland seemed to be getting off scot free.

Part of the problems we still see in financial markets came from changes worldwide in the way that trading now takes place. In the UK Margaret Thatcher had brought in the ‘Big Bang’ which abolished traditional practices and introduced electronic trading, greatly increasing volatility.

On My London Diary I give a fairly full account of the actual protest which started at Bank where some protesters tried to storm into the Royal Exchange – long just a prestige shopping centre – and the Bank of England but were easily stopped by police.

There then followed a slow march around parts of the City, with police attempting to stop them at various points and the marchers pushing their way through police lines.

As my pictures show, there was some rather forceful policing at times and some of the press also suffered with the protesters. As I write, “I got a few bruises and my glasses were damaged when police rushed in as I was taking pictures in Lombard St.” But there was none of the confrontational use of trained riot squads that have led to extreme violence at some protests policed by the Met. Policing here was by the City of London Police – along with a guest appearance by one French cop.

Eventually there was a short rally with a few speeches on the corner of Bishopsgate and London Wall after which the demonstrators dispersed. Police seemed fairly relaxed at the end of the protest and I saw no arrests.

I don’t think the protest got much if any coverage in the mass media and most accounts I read on-line were confused, with many suggesting it went to the Stock Exchange. While that might have been a logical place to protest, the marchers actually went in the opposite direction.

March on the City.

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Arab Spring Libya, Bank Teach-in: 2011

Libyan Embassy Protests – Knightsbridge

On Saturday 26th February 2011 we were in the heady days of the Arab Spring, and two groups of protesters came to the Libyan Embassy to call for Gaddafi to go.

Gaddafi had tried to prevent the movement spreading to Libya, reducing food prices, purging the army leadership and releasing some political prisoners, but major protests had still begun across the country on February 17th. Gaddafi had not quite been the evil dictator that the Western press portrayed him as, but there had been extensive corruption and patronage and unemployment had reached around 30%.

Gaddafi had begun to use the army to hunt down the protesters and hundreds had been shot, shocking many of the countries leading politicians some of whom defected to the rebels who by the end of February were in control of many of the major cities including Benghazi, Misrata, al-Bayda, and Tobruk.

On the day I photographed these protests were taking place outside the London embassy the UN Security Council passed a resolution suspending Libya from the UN Human Rights Council, implementing sanctions and calling for an International Criminal Court (ICC) investigation into the killing of unarmed civilians.

Around 200 Hizb ut-Tahrir supporters had arrived first to protest and had occupied the pavement opposite the embassy, with a large orange banner ‘ ‘Arab-Muslim Rulers Are Traitors’. Many of the men waved large black flags with white Arabic calligraphy, but there were also placards in English, calling for an end of Western interference in Muslim countries.

There were a few women too, in a separate pen to once side, many of whom appeared to take little part in the protest, though some did join in the chanting of slogans. Hizb ut-Tahrir were calling for the replacement of Gadaffi by a Muslim caliphate, although there was apparently little support for this in Libya.

Coming later, a number of Libyan students and supporters wanted to make clear they were separate from this Islamic protest. They went into Hyde Park to protest from a low grassy bank above the other group. They were at pains to make clear that the last thing that they wanted would be Islamic rule, which, as several pointed out has created a similar tyranny in Iran to Gaddafi’s Libya.

Later NATO intervened, supplying air cover for the rebel forces and launching air strikes against Gaddafi’s army. He was forced to flee, recording a farewell message and returning to his home area. Taking refuge from an air strike on a construction site, sheltering inside a drainage pipe, he was taken prisoner and killed by militia.

After his death, while Western leaders were triumphant, many across the rest of the world mourned him as a hero (as the Wikipedia article makes clear.) The future for Libya looked brighter, with trade unions legalised, press freedom and elections. But things have not gone smoothly since, as the UK government’s advice indicates:

The Foreign, Commonwealth & Development Office (FCDO) advise against all travel to Libya. This advice has been in place consistently since 2014. If you’re in Libya against this advice, you should seek to leave immediately by any practical means. …

The political situation in Libya remains fragile and the security situation remains dangerous and unpredictable. Uncertainty about when postponed Libyan elections will take place is likely to heighten tensions throughout the country, which may lead to security incidents such as inter-militia clashes and oil blockades.
https://www.gov.uk/foreign-travel-advice/libya

Libyan Embassy Protests

UK Uncut Lecture in TSB – Oxford St

From the Libyan Embassy close to Hyde Park Corner I made my way to Oxford Street to join around 70 UK Uncut protesters who were taking part in one of around 50 protests around the country against RBS/NatWest who had been bailed out in the banking crisis with £20 billion of public money – so we now owned 84% of it. But despite which it didn’t seem to be behaving in the public interest.

The Nat West branch in Regent Street where the protesters had intended to protest had shut down completely for the day, and after a short protest outside it, the protesters announced we would be moving fast to another location, and the mainly young protesters set off at a jog.

I managed to keep up with them – and was actually a few yards ahead when suddenly they turned and swarmed into a Lloyds TSB branch. I turned round and followed them in. There they began a series of lectures on the failures of the banking industry, tax avoidance and the alternative’s to the public sector cuts.

After around 25 minutes the police and branch manager came to ask the protesters to leave, warning them they would otherwise face arrest.After a short deliberation they went outside and continued the lectures on the pavement, and I left for other protests.

UK Uncut Lecture in TSB

Freedom For All Arab Nations! Trafalgar Square

The main event I wanted to be at next was in Trafalgar Square where around 200 people took part in an Arab unity demonstration.

This had been called at at short notice by British Libyans and friends demanding freedom for all Arab nations. Heritage Wardens forced them to move from the main square where protests need permission from London’s Mayor to the North Terrace, still officially a public highway although pedestrianised.

It was an animated protest, with a number of emotional speeches, mainly in Arabic and calling for Gadaffi to go, and there were plenty of placards, poster and banners for me to photograph.

More on My London Diary at Freedom For All Arab Nations!

I also photographed a couple of small protests taking place at the gates of Downing Street:

9/11 Truth Protest at Downing St
Hands Off Our NHS

Cyclists’ Die-In And A Visit To The Oral Squat

On Wednesday 8th November 2017 I spent the evening in Islington.

Vigil for Islington cyclist killed by HGV – Islington Town Hall, Wed 8 Nov 2017

On May 2nd 2017, City trader Jerome Roussel was cycling to work along Pentonville Road when he collided with a heavy goods vehicle which had stopped in the cycle lane. He was seriously injured and died in hospital on June 25th, seven weeks later.

Police say that the cyclist had told them he had put his head down and had failed to see that the lorry had pulled in ahead of him and he crashed into the back of it.

Cycling around parts of London there are many streets with ‘cycle lanes’ marked at the edges of the roads but often obstructed by parked vehicles. The driver in this case had only just pulled into it, intending to turn into a side street, but for many others the cycle lane is a convenient parking place, perhaps for a few minutes while they visit a shop, or for much longer.

These roads have cycle lanes because there is enough faster moving traffic on them to make them dangerous for cyclists. But cars and lorries parked on them mean that cyclists have to move out into this traffic. We need a law which makes it an offence to park on cycles lanes – and for it to be enforced.

*Islington Labour – For the few who drive*

Better still we need far more physically separated cycle lanes, though where these exist there are also sometimes cars parked on them, rendering them unusable, and sometimes road surfaces so poorly maintained that they are uncomfortable to ride on and even at times dangerous. Even small potholes that a car would cruise over can send the unwary cyclist flying.

As I wrote back in 2017, “Islington has not built a single protected cycle route in over 20 years and Transport Minister Jessye Norman has so far failed to sign the the commencement order to allow TfL to fine HGVs and traffic that drive into mandatory cycle lanes, such as the one on Pentonville Road where Jerome Roussel was killed. Islington, responsible for 95% of the roads in its area has reserves of £277 million (and growing) and campaigners say it should spend some of this on making its streets safer for cyclists and pedestrians.”

I don’t cycle in Islington, but although the council on its web site states it is “on a mission to improve cycling in Islington” I get the impression that relatively little has changed since Roussel’s death on a cycle lane in 2017. At the 2022 elections the London Cycling Campaign was calling on Islington Council to provide protected cycle routes on all busy roads by 2026, for low traffic neighbourhoods to cover the borough by 2024, to provide sustainable freight hubs, to set more ambitious targets for sustainable transport and provide secure cycle parking.

Cyclists gathered on the pavement outside Islington Town Hall and listened to a number of speeches before police stopped traffic and the campaigners held a 5 minute silent die-in on the road in memory of Jerome Roussel, after which there were more speeches and a final address by Donnachadh McCarthy.

More at Vigil for Islington cyclist killed by HGV.

ORAL squat empty NatWest Bank – Upper St, Islington, Wed 8 Nov 2017

As I walked back from Islington Town Hall to the Underground station with another photographer we met activists who knew us outside the squatted former NatWest Bank on Upper St and stopped to talk.

*Inside things are a little messy, but there is no real damage*

This had been squatted around a week earlier by the Order of Rampaging Anarchist Lunatics (ORAL) and they were using it as a centre to provide tea, coffee, clothing and shelter for the street homeless of the area.

*The building was well lit and warm – the squatters are paying for electricity*

We were invited inside for a tour of the squat and to take photographs. The squatters were expecting to be evicted in the near future, and actually were a few days later, after which they published a ‘final communique’ on their Facebook page. You can read this in full on My London Diary, but here is the first paragraph:

Several years ago, what began as a ridiculous idea to form a satirical nation of squatters evolved into one of the most infamous land pirate crews known around the world. Originally coined the Autonomous National of Anarchist Libertarians [ANAL] we’ve penetrated deep into London, forming a property portfolio that undoubtedly far exceeds any other crew; Having taken roughly 60 buildings in zone 1 over a period of around 4 years. Most notably Admiralty Arch.
My London Diary

Their communique goes on to say that they felt their activities had acheived nothing and that they would be forming a new group focused on “setting the example of how to evolve society & humanity” though “construction & creation” and would shortly be opening “a new community hub”.

My assessment was rather more positive, in that they and other activists had drawn attention to the scandal of so many empty properties while we have a housing crisis. Thanks to the Tory programme of austerity we had seen a huge increase in the number of homeless people and there should be legal ways to bring these properties into use. The current situation remains shameful in what is still one of the world’s wealthiest countries.

ORAL Squat empty NatWest Bank.