Capital gains from the super-rich

Suddenly it is starting to look as if the period after 1914 — when London lost its position as the financial capital of the world to New York — was an aberration

Suddenly it is starting to look as if the period after 1914 — when London lost its position as the financial capital of the world to New York — was an aberration, a downturn in an otherwise upward trend. Stroll around Chelsea, Belgravia and Holland Park and see the flash cars with blacked-out windows, waiting with chauffeurs inside. Listen to the foreign voices echoing down Bond Street; chat to estate agents, or to bankers or art dealers or even to a good dentist, and the message is clear: London is on the up, and the world’s rich are congregating here like bees around the blossom of spring.

This week London’s position as the headquarters of globalisation will be reaffirmed overtly and boldly.