Menu
30/10/2012
Occupy Movement Was Right - Top Banker
A Bank of England official has said the Occupy movement played a key role in financial reformation.
Andrew Haldane is executive director of financial stability at the central bank.
He said Occupy's voice had been "loud and persuasive".
Mr Haldane said the protesters had touched a "moral nerve" and that policymakers were taking the group’s arguments on board.
The Occupy movement was a peaceful protest which first targeted the London Stock Exchange on 15 October 2011.
It was an anti-capitalist movement which spread around the major cities of the world in protest at what it saw as inequalities in the distribution of wealth and a banking-bonus culture.
The group eventually camped outside St Paul’s Cathedral in London until February, when they were evicted by the City of London Corporation.
Mr Haldane gave his surprise reaction to a meeting organised by the movement in London.
"Occupy has been successful in its efforts to popularise the problems of the global financial system for one very simple reason: they are right," he said in his speech.
He said Barclays and Lloyds were seeking to change their "sales-oriented culture" and return to their Quaker roots.
"There is the quiet, but unmistakable, sound of a leaf being turned," he said.
"If I am right and a new leaf is being turned, then Occupy will have played a key role in this fledgling financial reformation.
"You have put the arguments. You have helped win the debate. And policymakers, like me, will need your continuing support in delivering that radical change."
(IT)
Andrew Haldane is executive director of financial stability at the central bank.
He said Occupy's voice had been "loud and persuasive".
Mr Haldane said the protesters had touched a "moral nerve" and that policymakers were taking the group’s arguments on board.
The Occupy movement was a peaceful protest which first targeted the London Stock Exchange on 15 October 2011.
It was an anti-capitalist movement which spread around the major cities of the world in protest at what it saw as inequalities in the distribution of wealth and a banking-bonus culture.
The group eventually camped outside St Paul’s Cathedral in London until February, when they were evicted by the City of London Corporation.
Mr Haldane gave his surprise reaction to a meeting organised by the movement in London.
"Occupy has been successful in its efforts to popularise the problems of the global financial system for one very simple reason: they are right," he said in his speech.
He said Barclays and Lloyds were seeking to change their "sales-oriented culture" and return to their Quaker roots.
"There is the quiet, but unmistakable, sound of a leaf being turned," he said.
"If I am right and a new leaf is being turned, then Occupy will have played a key role in this fledgling financial reformation.
"You have put the arguments. You have helped win the debate. And policymakers, like me, will need your continuing support in delivering that radical change."
(IT)
Related UK National News Stories
Click here for the latest headlines.
19 December 2011
Occupy London To Seek Agreed Withdrawal
The Occupy London movement is to seek agreement on its withdrawal from the grounds surrounding St Paul's Cathedral as it prepares for a court hearing on its eviction from the site.
Occupy London To Seek Agreed Withdrawal
The Occupy London movement is to seek agreement on its withdrawal from the grounds surrounding St Paul's Cathedral as it prepares for a court hearing on its eviction from the site.
16 November 2011
Occupy London To Be Served Legal Notice
Protestors camped outside St Paul's Cathedral are expected to be handed legal notice to clear the area, just as the New York protests were removed forcibly by police on Monday.
Occupy London To Be Served Legal Notice
Protestors camped outside St Paul's Cathedral are expected to be handed legal notice to clear the area, just as the New York protests were removed forcibly by police on Monday.
28 February 2012
Occupy Protesters Evicted From St Paul's
Occupy protesters have been evicted from St Paul’s Cathedral in London. Police and bailiffs moved in just after midnight and began removing the encampment, 20 arrests were made in an otherwise peaceful operation. Set up on October 15, the Occupy protesters were last week refused permission to appeal the High Courts eviction decision.
Occupy Protesters Evicted From St Paul's
Occupy protesters have been evicted from St Paul’s Cathedral in London. Police and bailiffs moved in just after midnight and began removing the encampment, 20 arrests were made in an otherwise peaceful operation. Set up on October 15, the Occupy protesters were last week refused permission to appeal the High Courts eviction decision.
26 July 2012
Occupy Spokesman Stand In London Byelection
An activist from the Occupy movement will stand in a City of London byelection on Thursday in a direct electoral challenge to the way the City is governed.
Occupy Spokesman Stand In London Byelection
An activist from the Occupy movement will stand in a City of London byelection on Thursday in a direct electoral challenge to the way the City is governed.
03 November 2011
Occupy London Camp To See In New Year
Anti communists protesters could remain camped outside St Paul’s Cathedral for another two months now that the City of London Corporation has agreed to halt legal action. City of London has said they will hold off on legal action until the New Year if the number of tents pitched outside the cathedral is reduced.
Occupy London Camp To See In New Year
Anti communists protesters could remain camped outside St Paul’s Cathedral for another two months now that the City of London Corporation has agreed to halt legal action. City of London has said they will hold off on legal action until the New Year if the number of tents pitched outside the cathedral is reduced.
-
Northern Ireland WeatherThis Evening and Tonight:Showers will gradually die out during the evening. A cold night with long clear spells leading to a touch of frost in places. Light winds. Minimum temperature 0 °C.
