Friday, 24 February 2012
Liberation for London
At the heart of the case for independence is a straightforward idea. The people best placed to act in London's best interests are those who choose to live and work in London. At the moment, however, many of the key decisions which affect London are taken by outsiders elected in foreign lands such as Northern England, Wales and Scotland. Independence for London would end the sense of grievance on both sides - which has often afflicted the relationship between London and the rest of the UK.
Two thousand years of arrogant Anglo-Scottish rule has been a disaster for London. Through an oppressive tax regime, the wealth generated in London has been robbed of its citizens and distributed to outsiders. Londoners have also suffered from linguistic oppression. Speakers of Cockney have been systematically discriminated and made to feel ashamed of their native language. Many Londoners have forgotten how to speak their native tongue and are forced to speak English instead. More generally, the Anglo-Scots never understood our cultural heritage of Dick Whittington, pie and mash and jellied eels.
A free London would also put an end to the outrageous discrimination against many of its citizens perpetrated by non-Londoners. Offensive language against bankers would become hate crime punishable by stiff prison sentences for offenders. Bank bonuses will be protected under the Constitution. The financial sector will be liberated from the shackles of FSA-inspired regulation. Londoners will be free to borrow and lend as they please.
An independent London would not be a marginalised city state. The economy of London is larger than Scotland, Wales and Northern Ireland. We have a culture and history which is renowned worldwide; an expertise in financial services which has been built up over generations; a world class university system that is unrivalled in Europe.
Once liberated from the shackles of the failed Anglo-Scottish state, London would be free to support economic growth and to create opportunities – especially for our young people. An independent London would no longer be inhibited by the high tax and spend policies of the Anglo-Scottish elite. With its eviable record of strong tax collection and low public expenditure, London could break away from the current UK Government’s obsession with austerity. A liberated London could reduce corporate income tax and keep income tax below 20 percent. VAT could be abolished along with unemployment benefits, comprehensive schools and the National Health Service. This low tax and minimal government regime will encourage massive foreign investment, particularly from Russia and other countries with governance issues.
London would also be free to join the Eurozone. Unlike their backward Northern neighbours, the city was always in favour of the Euro. The single currency would have consolidated the city's role as the premier global financial centre. Londoners would have benefited enormously from abandoning the discredited pound, with its inflation loving central bank. The quantitative easing irresponsibility of the Bank of England would be banished, probably to Birmingham
There will of course be difficult issues to resolve with whatever detritus was left of the United Kingdom. The most pressing issue would be the national debt. London could forcefully argue that it has been a net contributor to the Treasury since time immemorial. Therefore, that debt belongs to the Scots and the English. That ageless sequence of fiscal deficits had nothing to do with London. The UK government borrowed that cash to spend on Northerners and Celts. Londoners already paid more than enough. The UK national debt was created by he English and Scots, and not by Londoners. They can keep it.
London would also have to address the financial chaos left by years of mismanagement by English and Scottish overlords. Top of the agenda will be the Royal Bank of Scotland. As the name suggests, that problem belongs to the northern extremity of the island. It is their bank, they can keep it, along with the bad debts. Lloyds bank is an English bank, and likewise had nothing to do with London.
The time has come for London to take its place in the global community of independent states. London must leave the past to the Anglo-Scots, and look to a bright future of freedom and prosperity.
Liberation for London now!