The great Russian takeaway
That the rise of a powerful coterie of Russian billionaires overlapped with Britain’s transformation into an offshore tax-haven is unlikely to escape the notice of both countries’ future historians. Indeed it is entirely plausible that had successive British governments in the 1990s been less amenable to foreign wealth, this book would have been entitled Genevagrad rather than Londongrad. Mark Hollingsworth and Stewart Lansley raise interesting questions about how the rocketing price of property, contemporary art and even private school fees of early Noughties Britain, fuelled by a steady supply of roubles, contributed to the bubble preceding the bust. While there are several excellent studies of the impact of the oligarchs