From: Roger Backhouse, Orchard Road, Upper Poppleton, York.
How remarkable that a true British success is making this country a home for dirty money. Recently the deputy foreign secretary, Andrew Mitchell, admitted that nearly 40 per cent of the world's dirty money is going through the City of London and other UK offshore places like Crown Dependencies and British overseas territories.
Hundreds if not thousands of UK lawyers, estate agents and accountants have been involved in this trade turning a blind eye to corruption as long as they obtained their own percentage. To give some credit to the Government, it legislated to ensure overseas bodies wanting to own or transfer land in the UK register with Companies House to make clear who the beneficial owners are. Yet the law is often flouted.
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