Bloomberg News

Occupy London Protesters Move Into Empty UBS-Owned Building

November 18, 2011

Nov. 18 (Bloomberg) -- The Occupy London movement said it has taken over an empty office block in the borough of Hackney belonging to unit of UBS AG, the movement said in a statement on its website today.

The protesters, who had faced a 6 p.m. deadline yesterday to leave their encampment outside London’s St. Paul’s Cathedral, moved in overnight on Thursday, with a dozen activists gaining entry, “giving them legal claim on the space,” the statement said.

The Occupy London movement said they are now present in three places: St. Paul’s, Finsbury Square and now the UBS-owned building.

“Whilst over 9,000 families were kicked out of their homes in the last 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,” Occupy London member Jack Holborn said in the statement.

To contact the reporter on this story: Michelle E. Frazer in London at mfrazer@bloomberg.net

To contact the editor responsible for this story: Chris Peterson at cpeterson@bloomberg.net


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