oh dear (tm): Foreign criminals 'driving up UK house prices' oh dear (tm): Foreign criminals 'driving up UK house prices'
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  1. #1

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

    "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?

  2. #2

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    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.

  3. #3

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    Nothing must prevent the bubble from bursting.

  4. #4

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    Quote Originally Posted by DimPrawn View Post
    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???


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    Quote Originally Posted by AtW View Post
    Nobody got hurt though???

    oh loads of people got hurt but the important thing is they weren't British voters.
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

  6. #6

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    Quote Originally Posted by DimPrawn View Post
    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.

  7. #7

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

    Brexit is having a wee in the middle of the room at a house party because nobody is talking to you, and then complaining about the smell.

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