Property News · October 6, 2021

The Pandora papers have exposed the ‘for sale’ sign hanging over Britain | Margaret Hodge


The UK property market is being abused to the tune of billions of pounds by those wishing to hide wealth or launder moneyMargaret Hodge is Labour MP for BarkingThere’s a “for sale” sign hanging over Britain. The Pandora papers have exposed how secrecy, influence, property and other assets are freely available to the highest bidder. Huge data dumps like this provide an invaluable peek into the secret world of offshore finance and the way it is exploited by the world’s richest people. Yet again, the UK and its tax havens stand at the heart of the world’s tax avoidance and dirty money crises. Britain asks few questions, doesn’t care who you are, and doesn’t mind where your money comes from.We now know that 35 current or former heads of state have exploited secrecy to avoid paying fair taxes, to hide their wealth from the population, or to launder money they have stolen from their own people into Britain and elsewhere. We’ve also learned that the Conservative party has received millions of pounds in donations from oligarchs in foreign jurisdictions, who used their wealth to gain access to and influence over our government leaders here in Britain.Margaret Hodge has been the Labour MP for Barking since 1994Join the Guardian’s head of investigations Paul Lewis and guests in this special livestreamed event looking into the Pandora papers revelations on Monday 18 October, 8pm BST | 9pm CEST | 12am PDT | 3pm EDT. Book tickets here Continue reading…

Source : theguardian.com
Read more…The Pandora papers have exposed the ‘for sale’ sign hanging over Britain | Margaret Hodge

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