The problem with the UK’s Russian clamp down

I’m no apologist for oligarchs, whether they be from Russia or anywhere else. I have been writing for years about how dirty money was flooding into London’s property market, helping to price out ordinary people who just want a home. The government should have taken action decades ago to prevent kleptocrats from laundering their money through London property and their reputations through our libel courts. These matters could have been addressed quite easily by prohibiting property from being held in the name of overseas private companies and by reforming libel laws to stop the wealthy from threatening journalists and anyone else with eyewatering legal bills.

Yet I feel uneasy at the speed at which things seem to have turned – to the point at which government ministers seem to feel entitled to seize property and other assets without much in the way of evidence that they are ill-gotten gains.