City of London elections are unusual in that the electorate is comprised of not only local residents but also voters appointed by companies [Image: Getty].

You can see there’s something wrong with our national news organisations when reports of the City of London elections
don’t mention that Labour has changed the political face of the council, despite repeated claims – in the media – that the party is electorally hopeless.

Instead, the focus is on the fact that the City of London is historically independent – that means no councillors of any stated political persuasion at all.

But isn’t it important that in the Square Mile – the United Kingdom’s financial district – it wasn’t the Tories, the so-called party of financial responsibility, that changed the status quo?

It was Labour – the party of actual financial responsibility. At a time when Labour is supposed to be in the doldrums.

The Independent played down the importance of the victory by suggesting that Labour’s win was only a minor upset – but Labour only ever fields a few candidates.

Bear in mind that the City of London elections are unique in that they allow representatives of companies based there to vote.

So this election demonstrates two things: Labour is far more electable than the right-wing press pundits want you to think. And the country’s financiers, when given the choice, trust Labour’s politics over anybody else’s.

Labour has won a record five seats in elections to the City of London’s Common Council, in a shock result that sees Jeremy Corbyn’s party offer a challenge – however minor – to the independence of the capital’s financial centre.

The Council has historically been dominated by independent councillors as the main political parties have tended not to field candidates in City elections.

However, Labour routinely contests some wards and in [last week’s] election the party increased its representation from one to five.

The remaining 95 seats were taken by independents or candidates with no party description.

While the council remains overwhelmingly made up of independents, the latest vote suggests the centuries-old tradition of political neutrality may be waning.

Source: Labour threatens independence of City of London with historic council election victory

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