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Showing posts with label London. Show all posts
Showing posts with label London. Show all posts

Wednesday, January 16, 2008

Political capital

LONDONERS eager to prove that their metropolis really is, in Disraeli's words, “a roost for every bird” usually cite ordinary life at ground level: the diversity of races and languages, the yuppies, artists and immigrants juxtaposed in the same east London postcodes. They can now point to their aspiring rulers, too.

The third election for the mayor of London, an office created in 2000 for a city that had lacked its own administration since 1986, comes in May. The principal candidates are as curious as the population they hope to govern: a left-wing iconoclast who often favours globalisation (the Labour incumbent, Ken Livingstone), a shock-headed Old Etonian eccentric (the Conservative Boris Johnson) and a libertarian gay ex-policeman (the Liberal Democrat Brian Paddick), who made his name with a tolerant line on cannabis when he commanded a south London borough.

Many Londoners are indifferent as to who their mayor is (voting turnout was only 37% in 2004). Yet the office has come to matter. The mayor controls a budget of £10.6 billion ($20.9 billion)—up from £3.8 billion in 2001-02, and divided mostly between transport and policing (see chart). He also has powers over cultural matters and economic development; in 2006 he acquired more clout over housing, planning, the environment, and learning and skills. The biggest directly elected office in the country is also a bully pulpit.
It is true, says Tony Travers of the London School of Economics, that London's mayor is weaker than his counterparts in New York and Tokyo, and that much power, particularly over schools, remains with the city's 32 boroughs. But he is also relatively unconstrained by his municipal council. The London Assembly does little more than vote on the mayor's annual budget—a pygmy next to the mighty New York City Council.

Mr Livingstone, who won office as an independent in 2000 and retained it for Labour in 2004, has done better than many expected. He introduced a congestion charge in the centre of town (piquing the interest of other cities) and a more efficient ticketing system for public transport, expanding the bus service. He has enjoyed good relations with city financiers while redistributing wealth through planning decisions: developers are allowed to build in return for including affordable housing and other goodies for the poor. He also helped secure the 2012 Olympics for London and cash from the central government for a new cross-city train service.

This article is signifigant because it is about the selection of the Mayor of the Capital of the United Kingdom , London England . This Mayoral race is especially important because if will involve the preperation for the 2012 Olympics in London.


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Tuesday, January 15, 2008

London Olympic boost for business

The race is on for UK firms to win contracts around the 2012 Olympic games in London.
So far most of the publicity swirling around the 2012 Olympic Games has been of a stubbornly negative nature, with talk of budget "black holes", a logo which attracted a mixed response at best, and possible raids on National Lottery funds.

But amidst the accusations and criticisms, particularly relating to the way costs have soared since 2005, it is easy to overlook the positives surrounding the London event.
Business opportunities

The right to host the Games could make this a 'golden decade' for major events in the UK and, therefore, British business

Sebastian Coe, chairman, London Olympics Organising CommitteeThe biggest sporting event on earth offers a wealth of opportunities for UK businesses who want a slice of the many contracts and supply opportunities in the five-year run-up to the games.
And the starting gun on the race to win those contracts is being fired at an event at Manchester United's Old Trafford stadium, attended by hundreds of businesses from across the north of England.

This Article is signifigant because The London Olympics could be a defining part of the new century for the British. Also It could potentially bring lots of business to London and put the International spotlight back on the area
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