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Old 26th March 2014, 04:18
stepanstas stepanstas is offline
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Interesting perspective. Gotno, a couple of weeks ago Cameron said he's willing to let London suffer some consequences by doing the right thing and creating sanctions against Russia. From what has been offered, do you think it has/will cause harm to the British economy or just the elite?
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Old 26th March 2014, 12:40
Gotno Gizmo Gotno Gizmo is offline
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Step

I'm not aware of any really punitive or meaningful measures that the City of London have taken against the Kremlin's well being thus far. I think the City will have to leaned upon by Washington to do more. Meanwhile, listen to this short BBC radio interview that relates well to this topic:-
BBC News - London must impose 'intense banking sanctions' on Russia
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Old 26th March 2014, 15:25
Hannia Hannia is offline
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Sanctions related to financial or capital markets, for example severing access to credit for state-owned enterprises or Russian banks, might be an effective strategy to exert more pressure on Russia (given its reliance on external financing). Such moves would be far more damaging to Russia than the City of London – though it may involve some losses for the latter. This should not, and does not seem to be, a big concern for the UK government. In any case, if things get to this stage, other EU countries may suffer far greater losses than the UK through wider economic sanctions hitting, for example, gas supplies and exports.

The Battle Of Londongrad -- How Exposed Is The City To Sanctions On Russia? - Forbes
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Old 26th March 2014, 17:01
Gotno Gizmo Gotno Gizmo is offline
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David Cameron-high on talk - action.....perhaps!

David Cameron, British Prime Minister said more than a year ago "I will get tough with the banks". However, the banksters have carried on much as before, paying themselves mega salaries and bonuses even though their banks may have been losing money, or cited in fraudulent behaviour. Given David Cameron's track record concerning his chums within the City of London financial institutions so far, it seems unlikely he would force them into any action that reflected on their profits.

More talk of measures against Russian money agreed with the EU, but yet to be unveiled:-
Ukraine crisis: EU is drafting powerful sanctions against Russia, says Cameron | World news | theguardian.com
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Old 10th April 2014, 02:05
Hannia Hannia is offline
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Europe faces a difficult spring, but its to-do list is achievable
Europe's economy is not well positioned to weather a further disorderly escalation of tensions between Russia and Ukraine
Europe faces a difficult spring, but its to-do list is achievable | Business | theguardian.com

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UK to outperform other big economies with 2.9% growth, IMF predicts
Steady growth in the US and turnaround in Britain's fortunes will benefit global economy but UK relies too much on easy credit
UK to outperform other big economies with 2.9% growth, IMF predicts | Business | theguardian.com
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Old 11th April 2014, 04:27
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Russia’s Wealthy Find Sanctuary in London: Video - Bloomberg
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Old 2nd May 2014, 13:20
Hannia Hannia is offline
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Britain, especially London, has seen huge capital inflow into the house market over the past years.
London flat sold for record 140 mln pounds by KG/XINHUA 02.05.2014 - 13:12

A foreign private buyer has broken the purchase record for a flat in west London by paying more than 140 million pounds (236 million U.S. dollars) for a penthouse, reported The Times Friday.

On the same day, CPC Group confirmed that a 16,000-square foot duplex Penthouse at One Hyde Park, located in west London, was recently sold, said the Guernsey-based property development company in a statement sent to Xinhua.

Global professional valuation companies have valued the finished penthouse at circa from 160 million pounds to 175 million pounds, said the company.

One Hyde Park, a luxury residential development that went on sale in 2011, has sold over two billion pounds to date. That includes residential, retail and car parking. There are four penthouses at One Hyde Park including duplex and triplex units, said CPC.

Regarding the buyer, however, the London-based newspaper reckoned that "the Eastern European, thought to be Russian or Ukrainian, bought the west London property in a transaction that will ultimately see the flat's value rise."

Britain, especially London, has seen huge capital inflow into the house market over the past years.

Figures compiled by Knight Frank, a global real estate consultancy, showed that in the two years through June 2013, foreign-born buyers made 69 percent of new-home purchases in the prime central London market, with 28 percent living outside Britain.

According to data given by Nationwide Building Society Thursday, British house prices increased at an annual rate of 10.9 percent in April. Property prices in London are now around 20 percent higher than pre-crisis peak.
London flat sold for record 140 mln pounds | neurope.eu
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