Saturday, February 11, 2012

Sleeping with the enemy: Ken's offer to Vince about bringing down the Coalition

Today there was a London Labour Party Manifesto meeting at Congress House.  I missed the morning session due to my Council surgery and a Fair Pensions Training on shareholder Activism (which I had to leave early). 

Ken gave a keynote speech to the meeting after lunch and was on form.   He compared the 77% of funding that Boris received during the last Mayor campaign from City Bankers and Hedge fund managers with the 80% he received from trade unions and trade union members. Unlike Boris he was proud of his funding.

Boris is planning to increase fares by 2% above inflation for the next 20 years. If he is elected Ken has pledged to cut tube fares by 7% and bus fares by 11%.

On Housing issues Ken spoke passionately about a London Living rent and a GLA rental agency. He also reaffirmed his commitment to work with London Council (and the LPFA which the Mayor runs) pension funds  to get them to fund investment in Housing. I will of course declare an interest in this subject. I also have never understood why British pension funds do not invest in residential rental properties?

Ken being Ken had to say something to bring a smile to our faces. His despair at this present Coalition government and his wish for it to fall led to him making a typically "Ken" offer to even sleep with Vince Cable if this meant the government would "fold".  An offer that Vince will no doubt....
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