oh dear (tm): Foreign criminals 'driving up UK house prices'

[darmstadt]

Indeed, just part of the Tories plan to flood the UK with their type of immigrant

[Zero Liability]

Well known our Govt turns a blind eye to this. London is the money laundering capital of the World, where billions from drugs, arms deals and people trafficking is turned into a lovely portfolio of property overlooking the Thames.

Indeed; just don't commit the sin of being a contractor.

[vetran]

Nobody got hurt though???

oh loads of people got hurt but the important thing is they weren't British voters.

[AtW]

Well known our Govt turns a blind eye to this. London is the money laundering capital of the World, where billions from drugs, arms deals and people trafficking is turned into a lovely portfolio of property overlooking the Thames.

Nobody got hurt though???

[PurpleGorilla]

Nothing must prevent the bubble from bursting.

[DimPrawn]

Well known our Govt turns a blind eye to this. London is the money laundering capital of the World, where billions from drugs, arms deals and people trafficking is turned into a lovely portfolio of property overlooking the Thames.

[AtW]

"Foreign criminals are laundering billions of pounds through the purchase of expensive properties, which is pushing up house prices in the UK, the National Crime Agency has said.

Its economic crime command director, Donald Toon, told the Times that London prices had been "skewed" as a result.

He said prices were being artificially driven up by criminals "who want to sequester their assets here in the UK".

Mr Toon urged estate agents to report any suspicious activity.

The newspaper reported that Mr Toon said he was "alarmed" by the number of homes registered to complex offshore corporations - some of which will have been bought with laundered money.

The Treasury has earned £150m in the past three months from a tax on properties purchased by companies, trusts and investment funds, rather than individuals - supporting Mr Toon's claim, the Times said.

When the tax was first in operation in 2013/14, it raised £100m from 3,990 houses, with 80% of the revenue coming from two London boroughs - the City of Westminster and the Royal Borough of Kensington & Chelsea, it said."

Source: Foreign criminals 'driving up UK house prices' - BBC News

Dirty Kriminals!

And who is driving up prices of EPL clubs?