GOLDEN SHOWER
BEHOLD the bulging coffers of the City of London Corporation, which set the council apart from its penniless peers.
The Corporation’s assets – mostly commercial buildings – are worth £2bn, so it can easily fork out £105m to spruce up the dilapidated Golden Lane Estate. This was proposed by a group of 10 councillors who suggested selling assets to improve the 1950s complex of some 500 homes, half of which are social housing. Instead, the authority agreed to kick repairs (like fixing rotting windows and damaged concrete) into the long grass and explore “all options” at forthcoming meetings.