Occupiers set up 'Bank of Ideas' in repossessed UBS office building

The London occupations at St. Paul's Cathedral (adjacent to the London Stock Exchange) and Finsbury Square have spread into a third space, a disused UBS office building which they have renamed the 'Bank of Ideas'.

Despite being in its infancy, the 'Bank of Ideas' is already hosting public lectures and features an anti-war art exhibition. In a statement published on their website, participants explain that the space is to be used to host services which have been affected by government spending cuts: 'New "Bank of Ideas" open to public this Saturday. Spaces will be available for those that have lost their nurseries, community centres and youth clubs due to Government spending cuts.'