UPDATE: The BBC reports that Giles Fraser’s resignation threat relates to “use of force” rather than the taking of legal action to remove the protestors. h/t Thinking Anglicans.
The Times is reporting that Canon Dr. Giles Fraser will resign if the Cathedral moves to evict Occupy London protesters:
...Dr Giles Fraser, who is responsible for the cathedral’s relations with the financial institutions of the City of London, is understood to be prepared to quit should it take legal action against the 200 tents forming an increasingly permanent-looking settlement on its land.
A resignation from Dr Fraser would make him a martyr for the anti-capitalist cause and prove hugely embarrassing to the cathedral and the Church. If the cathedral does not try to oust the protesters, however, it will be forced into the humiliating position of reopening with the tents still in place, or remaining closed for months — putting events such as the Remembrance Day services at risk and losing the cathedral about £16,000 a day in tourist revenue.
A statement by the Bishop of London on the protest outside St Paul's Cathedral.
"This demonstration has undoubtedly raised a number of very important questions. The St Paul's Institute has itself focused on the issue of executive pay and I am involved in ongoing discussions with City leaders about improving shareholder influence on excessive remuneration.
"Nevertheless, the time has come for the protestors to leave, before the camp's presence threatens to eclipse entirely the issues that it was set up to address. The Dean and the Chapter, who are responsible for St Paul's, have already made it clear that the protest should come to an end and I fully support that view."