Why is Bloomberg paying £100,000 to London City Police?

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If you live in London, chances are you've seen these officers patrolling the streets
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But have you ever wondered who pays for them to be there? You guys are getting paid
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Well, the City of London Police receives funding from a few different sources
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including from bids and grants, charitable services, sponsorship, and by charging for their services
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And it's recently been revealed to City A.M. that News and Data giant, Bloomberg
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pays around £100,000 a year to the City of London Police to patrol its iconic London headquarters
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Bloomberg struck a deal with the police force in 2019 to provide community policing within the vicinity of the Bloomberg building
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but it added that it's not just limited to that area. While the firm paid around $90,000 each year between 2020 and 2022
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that amount increased to around in the financial year from 2022 to 2023 according to the force response Both Bloomberg and the police force confirmed to City AM the arrangement is ongoing News of this funding deal has started to raise
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questions around whether police forces like the City of London Police are being properly
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funded to carry out their work. The head of research and investigations at Transparency International
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UK told City AM that while there are arguments to increase funding for officers, there are
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are questions as to whether it should be resourced through partnerships with the private sector
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He said accepting contributions from companies risks directing operational resources based on who's willing to chip in rather than where there's a public need
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But the City of London Police and Bloomberg defended the partnership, saying it fosters the safety of Bloomberg employees and the millions of commuters and residents in the city
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Here at City AM, we'd like to know, do you think that private companies should be able to strike up deals with the police
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Let us know your thoughts in the comments

Why is Bloomberg paying £100,000 to London City Police?

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Why is Bloomberg paying £100,000 to London City Police?

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