'Labour candidates challenge City bankers' elite that runs Square Mile'  (old boys network, Conservatives, investment bankers)  posted on Friday 6th of February 2009 at 1.52 pm

The Guardian reports:

"Labour is to fight to break the grip of a bankers' elite controlling the City of London by putting up for the first time a slate of party candidates to run the Corporation of London, the unusual democratic body that lobbies on behalf of the City and runs the Square Mile's amenities.

It will be the first time Labour has put up candidates for the corporation's governing body, the common council, but Labour believes the regulatory failure revealed by the credit crunch demands breaking the old boys' network running the City."

Let's see if we have a chance against the big-money men.