London: capital's capital
The City of London has become a tax haven for the super-rich, overseen by Gordon Brown with, alarmingly, no complaints from Mayor Ken Livingstone. Patrick Ward looks at the history and humbug that props up the square mile and leaves neighbouring boroughs cash-starved
The reaction from much of the press to government plans for the City of London's non-domicile super-rich might make you think they were about to hand control of the square mile to the RMT. The outrage from non-domicile fat cats was coupled with threats to leave Britain altogether and for a raft of bizarre claims that London-based capitalists were being driven out of the country.