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Friday, February 24, 2017
Billionaire companies ignore appeal for bombed City church
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¬†City firms have ignored appeals for funds to restore the ancient church on their doorstep destroyed by an IRA bomb. One of the few medieval churches remaining in London, St Ethelburga's was badly damaged by the Bishopsgate bomb in 1994. Experts agreed that £4.5 million was needed to rebuild the church by piecing together 12th century stonework and 15th century masonry and timber. An appeal was launched in 1994 to raise this money. Six years on, the companies, which, according to the Financial Times, manage assets worth more than £2.5 billion, and have a daily turnover of £440 billion in foreign exchange deals, have given only £175,000 to the fund. A further £2.4 million was raised from charities including the lottery fund and English Heritage - but this will not be enough reconstruct the building. Later today City planners are expected to approve a revised scheme that will leave much of the tiny church a ruin. The Anglican Bishop of London, Richard Chartres said the poor response was 'disappointing'. He said he thought it was due to millennium 'donor fatigue'.
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