#OccupyLSX action set for midday

Updated: 
London Stock ExchangeAn occupation of the London Stock Exchange to highlight the need for new policies to tackle the current economic crisis is being planned to start at midday today. Some 5,000 people have pledged to attend through the Facebook page set up by Occupy LSX. The protest echoes the month-long occupation of Zuccotti Park in New York's financial district. The AOL Money team will bring news from the heart of the protest as it happens throughout the day.

Occupy LSX issued the following call-out. "The words 'corporate greed' ring through the speeches and banners of protests across the globe. After huge bail-outs and in the face of unemployment, privatisation and austerity, we still see profits for the rich on the increase. But we are the 99%, and on October 15th our voice unites across gender and race, across borders and continents, as we call for equality and justice for all.

"In London, we will occupy the Stock Exchange. Reclaiming space in the face of the financial system and using it to voice ideas for how we can work towards a better future. A future free from austerity, growing inequality, unemployment, tax injustice and a political elite who ignores its citizens, and work towards concrete demands to be met."

Coalition austerity

The call for occupation is supported by UK Uncut and the London-based Assembly of the Spanish 15m movement. UK Uncut has staged a number of actions to highlight corporate tax avoidance and to oppose the Coalition's austerity policies. The 15m Movement arose from the occupations of Spanish squares earlier this year, when "indignados" gathered to oppose government austerity.

In New York, protesters grouped around the same set of demands have been camped in Zuccotti Park for a month. On Thursday night a 4,000-stromng crowd swelled the ranks of protesters after news that the police were planning to forcibly evict the camp. After a tense stand-off, the eviction was cancelled.

Occupy Wall Street

Demonstrators chanted "The whole world is watching". The Occupy Wall Street movement said: "This development has emboldened the movement and sent a clear message that the power of the people has prevailed against Wall Street." But in Denver, riot police did succeed in dismantling a camp and made dozens of arrests.

Today, AOL Money reporters Adrian Holliday and Martin Cloake will be reporting the London protest as it happens. The team hope to post regular updates throughout the day. Martin Cloake will be tweeting live from the protest at @MartinCloake. The Twitter hash tag for the action is #occupylsx and the feed is @OccupyLSX.

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