‘Ushers and butlers’ … how fawning politicians welcomed world’s rich | UK news | The Guardian:
"Politicians are acting as “ushers and butlers” to the world’s wealthy, allowing the seemingly unstoppable construction of mansions, mega-basements and luxury apartments in London at the expense of housing for the poor and middle classes.
These are the claims made by researchers from Goldsmiths, Sheffield and York universities following a two-year study of the capital’s super-rich neighbourhoods. They conclude that London has become one of a handful of international havens for the very wealthy, thanks to central and local government kowtowing to their demands.
The deference of the UK government has facilitated the construction and extension of mega-mansions for the several thousand ultra-high net worth individuals, with assets of at least £21m, and the 80 billionaires who now live in London. This has driven up house prices, leaving the “majority of precarious white collar and manual service class workers unable to afford a mortgage”."
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