Wealthy investors snap up the bulk of demolished council estates in London : Socialist Worker

Southwark council is trying to redevelop huge swathes of Elephant and Castle in south London

Southwark council is trying to redevelop huge swathes of Elephant and Castle in south London (Pic: Thomas Nugent/geograph.org.uk)


The movement against the demolition of London estates took important steps forward last week.

Over 100 people joined a meeting in Haringey, north London, against the redevelopment of seven estates in the Labour-run borough. It was an angry meeting—and for good reason.

One speaker told the meeting, “Plans to demolish the Broadwater Farm estate in Tottenham began after the riots in 2011. This isn’t just about changing the houses, it’s about changing the people.”

At previous meetings council officers claimed that people won’t be forced out. But local residents, tenants and activists are fighting the threat of thousands of people losing their homes.

In February the council voted to enter into a 50-50 partnership with property developer Lendlease.

Overcharged

The firm was sued by New York City for some £43 million after a long term scam in which they overcharged the city and other firms by tens of millions of dollars.

One person told the meeting last week, “If Lendlease can screw New York City, they’re going to roll over Haringey like a bulldozer.”

And a recent submission to a local government watchdog shows that developers of 46 sites across London have dropped commitments to provide “affordable housing”. Developers’ financial and legal clout often far outweighs that of councils.

READ MORE : SOCIALIST WORKER

Advertisements

5 Comments

  1. Do governments actively seek out criminal American companies, who have been sued in their own country, to do their dirty work?

    The fact that this is happening in a Labour council is a disgrace. If the Tories are re-elected, they will finish the job and have London completely socially cleansed within the next five years.

    Liked by 1 person

  2. bless them a labour controlled council want to rid itself of the peasants who voted them in for rich clientele oh dear you couldnt make this up labour council more likely backhanders flying around jobs for the boys hmmm blair has many things to answer for leaving greedie ones in

    Liked by 1 person

  3. Do governments actively seek out criminal American companies, who have been sued in their own country, to do their dirty work? hmmm linda hits the nail on the head yes they do has they now they can and will line their own pockets by it

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s