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Saturday, October 22, 2016
East London religious and community groups lobby bank today
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¬†Church and community leaders, singer Billy Bragg and others, will be gathering at the HSBC annual general meeting at the Barbican today, to ask the bank to pay staff a fair minimum wage. The East London Community Organisation (TELCO) representing Catholic and Protestant churches, mosques, Sikh and Buddhist temples, schools and community associations, are meeting at the Waterside cafe in the Barbican at 9.30. Those who are shareholders with HSBC will attend the meeting while the others will hold a demonstration outside. A spokesperson for TELCO told ICN: "HSBC is one of the most profitable financial institutions in the world. Their pre-tax profit last year was £6.7 billion, This summer they are opening their new world headquarters at Canary Wharf. "In their annual report they say they believe in sharing their success with less fortunate members of society. Why do they refuse to pay a decent wage to their staff." "We welcome HSBC to East London and appreciate the job opportunities they will create. "But we want to see all staff, including the outsourced cleaners and security people, on a decent living wage of £6.30 per hour. HSBC's own staff at Canary Wharf get £4,000 London Weighting. Why not pay the army of night cleaners, mainly immigrant workers, whose extra costs are just as high as anyone else living in the capital, a London Allowance too? For more information on the meeting visit
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