The city of london is making money from being the butler to the soviet union. We were helping, supposedly our geo political enemy, to undercut the regulations of our protector and friend, the usa. And that's what i mean by being a butler. Wealthy people had a problem. Their problem was that they had to pay tax and they had to obey regulations set by governments. So we found a way for them to evade those restrictions,. We earnt fees from it, and they made huge profits. The origin of the butlerng industry is the origin of he offshore market in london. I offshore, as a concept, proved extremely flexible and extremely lucrative
Bestselling investigative journalist Oliver Bullough discusses his recent book, Butler to the World, which details how Britain became a favoured destination for funnelling the finances of oligarchs and the globe's super rich. He joins fellow journalist and broadcaster Manveen Rana to talk about the book and how international finance plays into the current situation in Ukraine.
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