British citizenship, and the right to reside in London in particular, is now up for sale. Visas entitling the holder to be resident in the United Kingdom for up to 5 years and 4 months, are available to rich individuals who are willing to invest £1,000,000 or more in UK government bonds, share capital or loan capital in active and trading UK registered companies. By this time, providing you’ve met certain conditions, you will be entitled to apply for British citizenship. Effectively, then Britain is holding an open door to millionaires from anywhere in the world. If you are a millionaire you can become a British citizen.
Coming to Britain offers rich people from all around the world the opportunity to utilize the services of financiers, investors and tax dodgers, to channel their money into the numerous offshore British tax havens, which are administered from the City of London.
The consequence of this arrangement is that the British government, together with the financial institutions of London, has hollowed the city out, enabling rich people to come in and buy property at prices that many Londoners, who depend on a salary, cannot compete with. In effect, salaried Londoners are driven out, to make way for rich people from around the world, and their fund managers, lawyers, consultants and bankers, or in the words of Ben Judah, ‘the oligarch’s valets’.
What is occuring, is effectively a gigantic revolution, orchestrated by the Corporation of the City of London and the financial institutions that comprise it, aided and abetted by successive British governments, whereby London is being hollowed out, and prepared to entice the world’s rich, and its capital, so that London becomes one of, if not the world hub for the co-ordination of capital.