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Saturday, 4 July 2015

Bunker Billionairs


A recent investigation by the Financial Times found that more than a hundred billion pounds worth of real estate in England and Wales is owned by offshore companies. London properties account for two-thirds of that amount. Charles Moore, a former editor of the Telegraph, says that London's property market has become "a form of legalized international money laundering".
Cit: The NEW YORKER Jun 1,2015                                                                NEWYORKER.COM

It seems this is even happening in Hastings East Sussex. why are we letting this happen?