Protesters move into UBS offices

Nov. 18, 2011 at 5:24 PM
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LONDON, Nov. 18 (UPI) -- Occupy London Stock Exchange protesters say they've taken over an empty block of offices owned by UBS in East London.

An Occupy London spokesman said the take-over of the building in Hackney Thursday by a dozen activists is a "public repossession," the BBC reported Friday.

"As banks repossess families' homes, empty bank property needs to be repossessed by the public. Yesterday we learned that the government has failed to create public value out of banking failure," Occupy London supporter Jack Holburn said. "We hope this is the first in a wave of 'public repossessions' of property belonging to the companies that crashed the global economy."

Protesters camped outside St. Paul's Cathedral have ignored orders to leave and now face legal action by the City of London Corporation. The High Court will take up the case Nov. 23, the BBC said.

A concert at St. Paul's by the Italia Conti stage school scheduled for Dec. 2 was canceled due to the presence of the protesters. Principal Anne Sheward said the show was moved to Westminster Central Hall due to safety concerns.

"We can't risk there being any intimidation or trouble. It's just too big a responsibility," she told the BBC.

The Daily Telegraph said St. Paul's will lose more than $15,000 in booking fees. The cathedral is losing $158,000 a week from reduced attendance rates, the newspaper said.

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