London Isn’t Very Equal (Part Three) – Canary Wharf

The oligarch's den
The oligarch’s den

Click here for Part One.

… and here for Part Two.

Our unexpectedly politicised amble around the capital had been equal parts fascinating and grim, but it was time to go. The rubbery sandwiches on the coach back to Somerset weren’t going to eat themselves.

Despite our rampaging cynicism, The Bemolution is a sucker for a poetic conclusion. And of all the places we could’ve ended our London adventure, a climactically big square surrounded by international banks seemed especially apt considering everything we’d seen, thought and talked about along the way.

It was completely by accident. We thought we’d try and squeeze in a last rendezvous with a third friend – sassy and savage-witted writer type from home, spent two maddening years bombarding the capital with fruitless job applications, finally got hired and is now doing quite well – before making a mad dash across London to catch the last escape pod out of Hammersmith Bus Station. Travelling to meet her in Greenwich, our witless provincial brain almost overloaded trying to work out where the Jubilee Line met the DLR – you have to physically leave one station at Canary Wharf and walk to another, it took us an embarrassingly long time to realise. And as we glided ethereally up the escalator and emerged from the glass Teletubby dome of the station entrance, it suddenly hit us that Canary Wharf was that Canary Wharf. Continue reading “London Isn’t Very Equal (Part Three) – Canary Wharf”

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London Isn’t Very Equal (Part Two) – To Tower Hamlets

London remains scandalously unequal
London remains scandalously unequal

Click here for Part One

From London and its most gentrified and fake, we go the city at its poorest and most raw.

Leaving gentrified Bermondsey, we went to visit another friend. We knew Compadre #2 from school days in Somerset, when she was a warm, caring, alternative type who wrote and sang her own songs. She still is warm, caring and alternative, thankfully, but has chucked in the guitar and the lashings of emo-standard black eyeliner for a job in a small music promotions company.

It’s laughable to look back on now – especially given where we’d just come from – but at school we called her ‘posh’. She lived in a slightly nicer part of town and her dad had a reasonably well-paid job. In truth, they were just about middle class, and probably didn’t bring in a whole lot more than the average household income.

Now she lives in Tower Hamlets, one of the most glaringly unequal parts of the country, let alone London. It’s hugely deprived – 42% of its children are impoverished, the highest proportion anywhere in Britain, and its richest inhabitants live about 11 years longer than its poorest ones. But it’s just a few minutes east of the oligarch’s den itself, the City, and the gleaming phalluses of the bank buildings dominate the horizon. A relatively small number of super-rich residents pull the borough’s average income up to £58,000 a year – the second-highest in the country – and its proximity to the biggest financial hub outside Wall Street gives it an economy worth £68bn. Its house prices have gone up a mind-bending 43% since last year. Continue reading “London Isn’t Very Equal (Part Two) – To Tower Hamlets”

London Isn’t Very Equal (Part One)

London and the Shard
London and the Shard

Only right that these should be read listening to mid-’80s Style Council tracks – mingling poppy lounge jazz with blatantly socialist lyrics – on repeat, because it’s what we had stuck in our head while it was being written.

A ramblingly political travelogue taking in the capital at its richest, poorest, and most rampantly neoliberal

The Bemolution recently went to London – big, posh, plutocratic London – which is always morally troubling. It’s quite an easy place to dislike if you don’t happen to live there. Hugely, unaccountably powerful, the capital determines so much about the way the rest of us live – and, funnily enough, seems to wield that power in a way that serves the city and its richest denizens first, everyone else second.

Of course, more than a smidgen of anti-London sentiment can be put down to good old fashioned provincial bigotry. It’s stupid, for example, to blame the largely powerless majority of the city’s eight million citizens for the self-serving political and economic agenda pursued by a tiny minority. Then again, said super-elite wouldn’t have such an easy ride if a sizeable wedge of the capital’s rich-but-not-quite-super-rich didn’t go along with it – especially the conga-line of graduates from wealthy backgrounds that pour into the City year after year, trampling over the poorest Londoners by shunting house prices and living costs up and up and up. Continue reading “London Isn’t Very Equal (Part One)”