TheCityUK
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This article is part of the Lobbying Portal, a sunlight project from Spinwatch. |
TheCityUK is a financial services lobbying group. Its aim is 'to make the UK the best place in the world to establish and grow a financial services business and, in turn, to maximise the sector's contribution to the UK.' [1]
Contents
Background
Activities
Lobbying for Goldman Sachs
Correspondence obtained by SpinWatch reveals that in December 2009 TheCityUK's chairman Stuart Popham hosted a lunch attended by the then shadow chancellor, George Osborne, London's Lord Mayor Boris Johnson and Goldman Sachs International's co-CEO Michael Sherwood. Popham at the time was senior partner in Clifford Chance, the law firm representing American banks in their lobbying efforts against EU efforts to toughen regulation. [2]
- “The purpose of the lunch”, according to a letter from Boris Johnson dated 21 December 2009, “is to discuss threats to London's competitiveness as a global financial centre”, as well as “to hear your concerns and suggestions, and to reassure you that we remain committed to doing all we can to ensure London retains its position.”[2]
Days before the lunch, Johnson had written to Goldman's Chair and CEO, Lloyd Blankfein, to restate his support for the City: “I will strongly defend London's financial services industry against the threats of punitive taxation and new burdensome EU regulations”, he wrote.[2]
Views
Affiliations
People
Board
- Chaired by Stuart Popham, previously Senior Partner at law firm Clifford Chance. He is responsible for developing TheCityUK's strategy and delivery.
- Sir Win Bischoff, Chairman of Lloyds Banking Group, oversees TheCityUK's Advisory Council. The President of the Advisory Council is the Lord Mayor (Boris Johnson).[1]
Funding
Clients
Publications, Contact, Resources and Notes
Publications
Contact
- Address:
- Phone:
- Email:
- Website:
Resources
Notes
- ↑ 1.0 1.1 About TheCityUK, TheCityUK website, accessed 24 March 2011
- ↑ 2.0 2.1 2.2 SpinWatch, Doing God’s Work: How Goldman Sachs Rigs the Game - SpinWatch investigation detailing Goldman Sachs’ secret lobbying activities in the UK and Brussels and links to politicians. Published on Scribd, March 2011. p8.
