Voluntary Sector: Taking Action ... Occupy London Stock Exchange vs UBS

Protesters: Occupy London Stock Exchange
Target: UBS
Location: Hackney, east London
Date: 18 November

The lowdown

Occupy London Stock Exchange protesters extended their action by taking over an empty office block in Hackney owned by UBS bank. A dozen activists gained access to the building last Thursday night, 'giving them a legal claim on the space'. They said the office would be reopened on Saturday morning as the 'Bank of Ideas', with a programme of talks and comedy lined up. Meanwhile, the deadline has passed for people camping outside St Paul's Cathedral to leave or face court action.

Why the protest?

Occupy London described the move as 'public repossession'. Jack Holburn, a supporter of the group, said: 'While more than 9,000 families were kicked out of their homes in the past three months for failing to keep up mortgage payments, mostly due to the recession caused by the banks, UBS and other financial giants are sitting on massive abandoned properties.'

How did UBS respond?

A UBS spokeswoman said: 'We are taking appropriate action.'

How did the media cover it?

Thanks to Occupy's high profile, the story gained a huge amount of coverage across the media, many of whom focused on Occupy London's comments about public repossession and the Bank of Ideas.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Latest Articles

Labour hires Obama election strategist David Axelrod to fight General Election

Labour hires Obama election strategist David Axelrod to fight General Election

The man who helped Barack Obama win the 2008 and 2012 US presidential elections is to work for Labour along with members of his team.

Sky adds Fever PR to its roster after splitting with Cake

Sky adds Fever PR to its roster after splitting with Cake

Pay-TV giant Sky has added Fever PR to its agency line-up for a wide-ranging brief covering products and services.

Max Clifford trial jury to continue deliberations after Easter break

Max Clifford trial jury to continue deliberations after Easter break

The jury in the trial of celebrity publicist Max Clifford has been sent home for Easter and will reconvene on Tuesday for further deliberations about its verdicts on 11 charges of indecent assault.

Home Office brings in Munro & Forster to campaign against FGM

Home Office brings in Munro & Forster to campaign against FGM

The Home Office has tasked Munro & Forster (M&F) with supporting its campaign to eradicate female genital mutilation (FGM) as part of a wider retained brief.