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fru-gal

Government reveals plans to draw up list of overseas owners of UK properties in bid to stop dirty money being hidden in the country

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Maybe.

More likely is that the US is flexing its muscles on corruption and dodgy states.

Id guess most expensive London house purchases have dollars somewhere or the other. Sterling is just a minor player in the scheme of things.

If you use dollars in a transaction than the US can go after you - if it thinks its dodgy.

 

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Quote

Government reveals plans to draw up list of overseas owners of UK properties..

 

A list to sell to builders to help builders marketing their properties overseas.

Edited by billybong

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Shouldn't be hard to identify these money launderers. Just give the Editor at Private Eye magazine a ring. They have a website showing "dodgy" properties. They are trying to identify the true owners but struggling due to govt secrecy and the courts.

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4 hours ago, fru-gal said:

"The Department for Business, Energy and Industrial Strategy is running a consultation on the proposed measures and is seeking feedback from the likes of overseas investors and property experts until 15 May."

What action can we pretend to take, that won't really hurt you?

 

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15 hours ago, crazypabs said:

Repeats the myth that increasing house prices increase consumer spending (a.k.a. the 'wealth effect').

http://www.economist.com/blogs/freeexchange/2009/08/the_housing_wealth_effect

Correlation isn't causation - rising prices and rising spending may occur together, because they are both driven by increasing debt. 

Edited by DrBuyToLeech

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