Nowhere is the divide between rich and poor more evident than in Tower Hamlets and Canary Wharf. The borough that takes its name from the Tower of London has one of the highest rates of young people receiving jobless benefits in London, the highest proportion of poor children and older people in England and the worst child poverty in the U.K. In its midst is the Canary Wharf financial district, the base for companies that pay some of the highest salaries in the world. They include Barclays Plc and HSBC Holdings Plc of the U.K., Switzerland’s Credit Suisse Group AG and the European operations of U.S.-based Citigroup Inc., JPMorgan Chase & Co., Morgan Stanley and Bank of America Corp. An Occupy London activist leads tours of the riverside oasis of wealth to show, he says, how the 1 percent enriches itself at the expense of the rest.
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