London’s Laundry Business

Very depressing picture of Britain drawn by the New York Times.

Britain’s ruling class has decayed not just to the point where Mr. Cameron is considered a man of exceptional talent, but to where its first priority is protecting its percentage on Russian money — even as Russian armored personnel carriers rumble around the streets of Sevastopol. But the establishment understands that in the 21st century what matters are banks, not tanks.

The Russians also understand this. They know that London is a center of Russian corruption, that their loot plunges into Britain’s empire of tax havens — from Gibraltar to Jersey, from the Cayman Islands to the British Virgin Islands — on which the sun never sets.

British residency is up for sale. “Investor visas” can be purchased, starting at £1 million ($1.6 million). London lawyers in the Commercial Court now get 60 percent of their work from Russian and Eastern European clients. More than 50 Russia-based companies swell the trade at London’s Stock Exchange. The planning regulations have been scrapped, and along the Thames, up and up go spires of steel and glass for the hedge-funding class.

So while Tories and their sycophantic newspapers tell us day after day that the EU is the root of all evil and we’re being overrun by foreign immigrants, the truth is that our ruling elites have completely sold out to foreign money. We might as well be living under occupation.

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2 Responses to London’s Laundry Business

  1. John P. says:

    Bit hypocritical of the NYT. They’ve obviously forgotten that the US operates the same sort of thing (E2 & EB5 visas according to Google). By the way, according to an article in the FT, the UK ones were introduced by Labour back in 2008 – so you need to give credit where credit is due.

  2. Tim Hall says:

    Plenty of blame to go around, and Labour win no prizes for failing to regulate The City. Too much funny money and not enough real people making goods and services.