Difference between revisions of "TheCityUK"

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[[Image:TheCityUK 2.jpg|350px|right|thumb|TheCityUK, 65a Basinghall Street, London EC2V 5DZ]]
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'''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.' Its advisory council includes Sir [[Win Bischoff]], Chairman of [[Lloyds Banking Group]] and London Lord Mayor [[Boris Johnson]].
 
'''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.' Its advisory council includes Sir [[Win Bischoff]], Chairman of [[Lloyds Banking Group]] and London Lord Mayor [[Boris Johnson]].
 
<ref name="TheCityUK"> [http://www.thecityuk.com/who-we-are/about-thecityuk.aspx About TheCityUK], TheCityUK website, accessed 24 March 2011 </ref>  
 
<ref name="TheCityUK"> [http://www.thecityuk.com/who-we-are/about-thecityuk.aspx About TheCityUK], TheCityUK website, accessed 24 March 2011 </ref>  
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It claims to be "independent and politically neutral".<ref name="TheCityUK"/>  
 
It claims to be "independent and politically neutral".<ref name="TheCityUK"/>  
  
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[[Image:TheCityUK.jpg|350px|right|thumb|TheCityUK, 65a Basinghall Street, London EC2V 5DZ (behind City of London Corporation offices)]]
 
===Lobbying for Goldman Sachs===
 
===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. <ref name="SpinWatch">SpinWatch, [http://www.scribd.com/doc/51461467/Doing-God%E2%80%99s-Work-How-Goldman-Sachs-Rigs-the-Game 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. </ref>
 
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. <ref name="SpinWatch">SpinWatch, [http://www.scribd.com/doc/51461467/Doing-God%E2%80%99s-Work-How-Goldman-Sachs-Rigs-the-Game 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. </ref>

Revision as of 13:56, 20 December 2011

Twenty-pound-notes.jpg This article is part of the Lobbying Portal, a sunlight project from Spinwatch.
TheCityUK, 65a Basinghall Street, London EC2V 5DZ

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.' Its advisory council includes Sir Win Bischoff, Chairman of Lloyds Banking Group and London Lord Mayor Boris Johnson. [1]

Activities

Outlining the importance of a sector that employs over 1 million people or 1 in every 10 of the working population, TheCityUK says its "senior team regularly engages with regulators and policymakers at home and overseas, ensuring the sector's views are represented at the highest levels". [1]

It claims to be "independent and politically neutral".[1]

TheCityUK, 65a Basinghall Street, London EC2V 5DZ (behind City of London Corporation offices)

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]

Affiliations

People

Board

Lobbying agency

Clients

Publications, Contact, Resources and Notes

Publications

Contact

Address:65a Basinghall Street

London EC2V 5DZ

Phone:020 7776 8970.
Email:info@thecityuk.com
Website:http://www.thecityuk.com/

Resources

Notes

  1. 1.0 1.1 1.2 1.3 About TheCityUK, TheCityUK website, accessed 24 March 2011
  2. 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.