Friday 10 October 2008: The City of London faced the first protest against Gordon Brown’s Labour government bank bailout.
Footage (c) Jason N. Parkinson 2008
Dog Attack footage courtesy of Da100thmonkey
The 200-strong protest, called by the Socialist Worker Movement’s student contingent, invaded the Royal Exchange – which was nothing more than a coffee shop half-full of bewildered bank workers. The protest then marched on the Bank of England, but the security were prepared, locked the doors and the protestors linked arms and moved onto the streets.
What ensued was an hour-long wrestling match, as City police tried to wear down the protestors and halt the march.
The protest, seen as the first of many, came as the UK government agreed to bail out the financial system to the tune of £500 billion. £20 billion goes to The Royal Bank of Scotland, while HBOS gets £17 billion. But this bill is on top of the £50 billion that was apid out to Northern Rock and Bradford and Bingley.
Today, Tuesday 14 October, inflation hit 5.2 percent, with energy bills going through the roof food prices continuing to rise.
The government and the media continue to label this move as “re-nationalisation” of the banks. But, as a Shop Stewards protest marched on The City on Monday morning, it was announced 62,000 jobs are expected to be lost over the next two years. The same day the UK unemployment figures reached 2 million.
All stills taken from video. All material on this blog – stills, video and print – is (c) Jason N. Parkinson 2008. All Rights Reserved.
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