Following the Broad Street Ward Mote on Wednesday, 22 March, at Carpenters’ Hall, the existing civic team will continue to serve you and the City for the next four years.
We would like to express our thanks to all of those voters in the Ward who have supported us in the past, yet also a particularly warm welcome for new voters in the Ward.
With the next elections not until 2021 we are conscious that it is all too easy to lose touch and enthusiasm during this time. The Broad Street Ward Club welcomes new members and, with a regular series of events, is an accessible way of networking with colleagues in the Ward, as well as staying in touch with the civic team. You will find an application form on their website and we would be pleased to sponsor your application.
The absence of a contested election makes us all the more determined to fulfil your confidence in us by representing your interests to the best of our ability, both in the Ward and in the wider City. All three of us, with the support of Alderman Professor Michael Mainelli, will continue to have leading roles in Corporation committees during the coming year which gives us a very real influence on policy issues and helps to ensure that Broad Street remains at the heart of the City.
John Bennett Christopher Hayward John Scott
Working for the City, Working for the Ward, Working for YOU.
The City of London Corporation has granted approval for an experimental safety scheme for Bank junction called Bank on Safety. The scheme is aimed at improving the safety of pedestrians and road users at one of the worst collision hotspots in the City of London.
It is planned that only pedal cyclists and buses will be permitted to cross Bank Junction, Monday to Friday, between the hours of 7am to 7pm. The experiment will last up to 18 months and will not begin until work on Cannon Street is completed, which is expected to finish at the end of April.
The primary objective is to achieve a 50-60% reduction in casualties in the Bank area, 75% which occur Monday – Friday from 7am to 7pm. We are also expecting to see improvements in air quality at the junction and reduced journey times for bus passengers on a number of routes. Pedestrians dominate this area during the working day and yet are given the least priority in time and space. The second most dominant mode is pedal cyclists, who in the peak periods account for around 50% of the vehicles crossing the junction.
The City has worked closely with Transport for London to ensure that the surrounding streets are not adversely impacted by the experiment. Traffic signals will be modified to regulate the overall network when the scheme goes live. Our expectation is that average vehicle journey times in the vicinity will be maintained, possibly improved. During restricted times, vehicles will still be able to pick up and drop off passengers near the junction, just as they do at the moment with the existing barriers, such as the guard railing. To mitigate the impact on taxis, new taxi ranks and an extension of existing taxi ranks will be provided.
As this is an experimental scheme, we will monitor and review the impact. Modifications can be made if necessary. The first review will take place four weeks after the scheme’s launch followed by a report presented to City of London Committees. We will also begin a comprehensive public consultation after the Bank on Safety scheme is in place. This will give the opportunity to experience the changes and make comment whilst the City monitors the impact of safety and traffic movements. The City Corporation will need to determine whether the safety scheme should remain in place based on the evidence and comments.
Our entire project team are committed to continue to work closely with you and are available at your convenience. We are preparing materials that will help further explain possible modifications. Additionally, next month we will be hosting project briefings at St Stephen Walbrook Church on Wednesday 5 April at 12:30pm and 5:30pm.
2017 looks like being a challenging year, both internationally, nationally, and here in the City.
Your elected Members for the Ward of Broad Street are unique in the City in each chairing a major City Committee which places us at the heart of decision making in the Square Mile. We will be doing all we can to ensure that the City continues to prosper, whatever strategy the Government pursues to disengage from Europe.
We pledge to deliver more on the local issues which affect the City and Broad Street Ward. John Bennett and John Scott had long careers in the banking industry, latterly with Deutsche Bank in the Ward, whilst Chris Hayward is a resident in the Ward. As Chairman of the Planning & Transportation Committee, Chris’s responsibilities touch on the lives of everyone here in the City, both residents and workers.
Although less obvious, John Scott’s chairmanship of the Markets Committee also impinges upon lives as our wholesale markets at Smithfield, Billingsgate and Spitalfields supply shops, restaurants and markets stalls throughout London. Culture has long been at the heart of what we do in the City and the Guildhall School of Music & Drama, chaired by John Bennett, tops the Guardian’s league table of conservatoires in 2017.
Each one of us has many responsibilities apart from these headlines. We would welcome the chance to tell you more and there is nothing to beat a personal contact so please either respond to this message or contact us individually if you want to arrange a meeting either here at Guildhall or at your office or home if you live in the City. A Wardmote (Ward meeting) will be held at Carpenters’ Hall at 12 noon on Wednesday 22nd March. This gives you the opportunity to question us and all the other candidates in the forthcoming City elections and we look forward to meeting you.
Learn more about the Ward, your Common Councilmen, and your Alderman from this short video:
Guildhall School of Music & Drama.
Planning & Transportation Committee
with the support of Alderman Professor Michael Mainelli, firstname.lastname@example.org
We are deeply concerned that City firms are being hit particularly hard in the first central Government revaluation since 2010 with average bills set to rise by 30%. Bills will be sent out in March next year but you can check your draft 2017 valuation now and ask for it to be changed if it’s wrong by providing rental evidence.
Strong demand for commercial property has placed pressure on the supply of office space across the capital which is driving up rents. Generally, though, City rents are still well below those in Westminster.
The City is committed to increasing the supply of accommodation for businesses and we continue to press, in particular, for smaller units to accommodate SMEs with fewer than 50 or 100 staff in space of less than 500 sq metres, which have been diminishing.
Over the years the make-up of the City has changed, with smaller, more agile and flexible businesses now the norm. Following the Brexit vote, London needs to redouble its efforts to maintain its competitive position as a world-leading financial and business centre in attracting all types of firms. A sudden and sharp increase in tax bills for the capital’s businesses is both unwelcome and badly timed given the uncertainties Brexit brings.
We want to see the impact eased through meaningful transitional relief. The Government’s current proposals for transition would see bills increase by up to 42% cent next year which is a huge increase at one go and at short notice.
This is another issue which adds weight to the devolution case for London to decouple London’s business rates system from the rest of the country. This will stop London’s high property values from distorting the national distribution of rates and ease the pressure on the City’s businesses.
You can check your 2017 draft valuation here and ask for it to be amended if it’s wrong.
PS – 2017 City Vote Registration
There are just 2 weeks left now to renew your entitlement to vote or register for the first time. The process has been made even easier and is fully online.
This is an important way to hold the City Corporation to account and to have your say in the way the square mile is run. It’s also a good way to be kept informed about what’s happening in the City and your Ward in which you work or live.
If you’ve not been asked if you’d like to continue on the register, and would like to, please get in touch and we can let you know who is co-ordinating the process for your business. Residential votes are managed separately direct with individual residents.
Alderman Michael Mainelli
Common Councilmen John Bennett (Deputy), John Scott and Chris Hayward
City Giving Day 2016 – Tuesday 27th September #GoRed
City Giving Day is less than a week away. With more than 200 organisations signed up and hearing there plans it is certain to be bigger and better than ever.
As you know City Giving Day, driven by the Lord Mayor’ Appeal, is the once in a year opportunity when collectively the City can unite, celebrate and showcase the fantastic charitable work it does in communities across London and beyond.
On the day itself The Lord Mayor, Lady Mayoress, Sheriffs, and Aldermen will play their part by visiting some 42 businesses in the Square Mile, West End, and Canary Wharf.
During the day you may well see some red robes walking around the City as they tour from business to business and meet employees seeing first-hand the philanthropic activities on show which are being celebrated.
We have been inundated with stories of what will happen on the day, from Investec’s “Dragon’s Den” style event, during which they’ll give away seed funding to social impact initiatives; The Don’s fundraising Long Long Lunch; to MWR Infosecurity’s cyber security challenge.
To help make City Giving Day more visible this year, businesses’ and employees will be Going Red to show their support and help amplify the message that the City does good. We have heard this could be wearing ties, shoes and dresses, to baking cupcakes and wearing wigs
There are 6 ‘simple’ ways for you to be part of it and support the Lord Mayor and the LMA team
- #GoRed and encourage your organisation to as well
- Join the Lord Mayor, Sheriffs’ and Aldermen kick off the morning with a photo call in Guildhall Yard 8.20-9.00
- Be part of the thunderclap to help make City Giving Day go big –please encourage others to join it too
- Send us photos of any activity that you see
- Tweet about CGD and or follow @LMAppeal and retweet
- Pick up City AM on the morning and more for colleagues and contacts
You are very much part of the City and your support in helping champion the good the City does will be fantastic. For further information – https://www.thelordmayorsappeal.org/city-giving-day/about/
The Lord Mayor’s Appeal Team
0207 332 3177
On 26 July, the Planning & Transportation Committee approved the draft Local Plan Issues and Options for public consultation as the first stage in preparing a new Local Plan which looks forward to 2036. The Plan will set out the City Corporation’s vision, strategy and policies for planning for the next 20 years.
The Issues and Options document identifies a wide range of issues and challenges that face the City. It poses a series of open questions, seeking views from the City’s residents, businesses and other key stakeholders on how the City should develop and maintain its role as a world leading international financial and business centre through to 2036. Although a wide range of questions are posed, no decisions have been taken on future planning policies.
The consultation will begin on 19 September and run for 6 weeks until 31 October. Two public drop in exhibitions have been arranged at the City Centre on Basinghall Street:
Monday, 3 October, between 16:00 and 20:00
Thursday, 13 October, between 08:30 and 12:00
Officers from the Department of the Built Environment will be available at these events to explain the key issues, outline the process of preparing the new plan and answer questions.
The consultation document, and other supporting information, is available on the City Corporation website at: www.cityoflondon.gov.uk/cityplan2036
Comments can be made by emailing: email@example.com , or in writing to the Department of the Built Environment at the Guildhall, and will be used to help draft detailed policy wording for further consideration in summer 2017.
We are keen to keep you updated on the important work we are doing on Brexit, particularly in light of the huge political change we have seen recently. We want to represent your views, ideas and concerns and feed them directly in to the City’s work on influencing the terms of the UK’s exit from the EU.
There is a critical need for us to understand the position of City businesses and to help to shape and reflect those positions to policymakers. Likewise we are focussing on understanding where political and regulatory policy makers are coming from and influencing them.
Our aim is to seek to minimise any loss of business from the City by ensuring that there is a full understanding of the implications of various options and, with others, making the appropriate policy representations. We also seek to explore and promote compensatory policy and other measures to take advantage of opportunities to increase business for the City, London and the UK as a whole.
The City Corporation is working closely with TheCityUK and the International Regulatory Strategy Group. We are also fully engaged in the various industry fora.
The following questions are pertinent. Please let us have your views on these, or any other aspect:
- What can we do to minimise business moving away from the City as a result of the current uncertainty?
- What can we do to attract more new business into the City?
- Are there any specific areas that we should be seeking to promote (Fintech and green finance are obvious examples, where we are already very active)?
- What form does continued access to the Single Market need to take?
- How do we ensure that industry continues to have access to the skilled workers from EU member states it requires?
- How do we achieve stability in the regulatory environment – no major changes?
- How can we best increase business with non EU countries – noting that additional resources have been agreed to fund this work?
- What contribution can we make to counter the view outside London that London generally and the City specifically are not seen as benefitting the rest of the economy?
What can we do to counter the small but significant element of xenophobia that has been experienced in recent weeks?
A substantial increase in the Corporation’s budget to cover representational work has also been agreed, as referenced above, which will predominantly be used to:
- Build Future Products and Services: providing a stronger focus on innovative policy development to respond to new challenges and to secure the position of the City as a premier financial services centre for the future.
- Strengthen the Regulatory Framework: providing strong leadership for the City on strategic policy and regulatory issues affecting London as a financial services centre.
- Promote Exports and Investment: developing a new approach to provide attractive customer service for businesses served by the Corporation’s trade and investment work.
Please do contact the Members with any suggestions or concerns.
Alderman Michael Mainelli
Common Councilmen John Bennett, John Scott and Chris Hayward.
As your elected representatives we want to ensure that the City Corporation plays a full and proactive role in securing the best exit terms possible, representing the interests of all of London’s stakeholders, including yours. Please contact us if there are any specific aspects that you would like us to put forward on your behalf. The City’s position:
“The City of London has thrived as a financial and trading centre for more than a thousand years and will continue to do so.
“There will be no mass exit of banks and financial institutions from the Square Mile.
“While there will be uncertainty as Brexit negotiations go on we are still the financial centre of the fifth-largest economy in the world.
“The task now is to respect the will of the British people and secure the best deal we can in the negotiations that will follow this vote.
“Financial services contribute £66.5bn in taxes to the Treasury – 11% of total government receipts – and City businesses we have consulted believe they must be allowed access to the single market without discrimination.
“Financial and professional services account for 2.1million jobs in the UK – 7.2% of workers – and City businesses I have consulted believe we must be allowed to trade with passporting rights with the 27 member states of the EU.
“The Government should now engage in a period of consultation to ensure we can keep creating jobs both in London and throughout the country.
“The general view of the City is that the Government should push for the UK to retain our access to the Single Market.
“Any other option will fail to provide proper arrangements for financial services and risks damaging this vital industry.
“There is also a clear view in the City of London that our labour market must be kept flexible. European nations have provided much of the highly-skilled talent we need to succeed and this level of support given to the British economy must continue.
“For our part the City of London Corporation will continue to engage with EU policy makers and continue to promote London as Europe’s international financial and business centre.
“We have had a thorough, open and democratic debate.
“All sides of this debate must now put aside their differences to do what is in the best interests of ensuring the UK remains a success on the international stage.”
We are working with other stakeholders to preserve the City’s position. The Chairman of Policy, Mark Boleat, has chaired meetings of the major trade associations and spoken with the Mayor of London and the Treasury. Further meetings are being arranged. There is common agreement on the need to maintain access to the single market. Our own Common Councilman, Chris Hayward, as Chairman of the Corporation’s Planning Committee, is meeting with the development community to reassure them and to secure continued investment in City wide projects.
The referendum decision will have significant implications for the City’s work in a number of areas.
Best wishes, Alderman Michael Mainelli, Deputy John Bennett and Common Councilmen John Scott and Chris Hayward