CITY OF LONDON CORPORATION

That this House congratulates the Bureau of Investigative Journalism for its thorough research in exposing the abuse of power by the City of London Corporation in using its public resources in a multi-million pound lobbying exercise to distort Government policies, in particular its tax regime, in the interests of the banks and finance houses that control the City Corporation through its undemocratic electoral system based on the business vote; and calls on the Government to instigate an urgent independent inquiry into the role and influence of the City Corporation with the aim of bringing forward proposals for its abolition.