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The Intelligence from The Economist

Hide, park: Russian money in London

The Intelligence from The Economist

The Economist

Global News, Daily News, News

4.53.7K Ratings

🗓️ 3 June 2022

⏱️ 24 minutes

🧾️ Download transcript

Summary

Britain’s capital is packed with foreign capital, in particular the Russian kind. We ask what it is about London that attracts—and protects—the oligarchs. We check in again with Lusya Shtein of the anti-Putin punk-rock group Pussy Riot about her daring escape from Russia. And amid celebrations of Queen Elizabeth II’s 70-year tenure, we reflect on royal jubilees through history.

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Transcript

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0:00.0

Hello and welcome to the Intelligence from the Economist.

0:07.0

Today in London, I'm your host Jason Palmer.

0:10.3

Every weekday we provide fresh perspective on the events shaping your world.

0:17.7

For years, the punk group Pussy Riot have been Russia's loudest voices of dissent.

0:23.2

We check in again with one of the band's members learning how two of them escaped yet another

0:27.8

arrest with a daring plan to sneak out of Russia.

0:33.2

And in Britain today, it's all street parties and bunting for the platinum Jubilee.

0:38.4

It's 70 years that Queen Elizabeth II has been on the throne.

0:42.8

We look at the long history of royal Jubilee's and how they've reflected a changing British

0:47.2

society.

0:55.9

We'll stop though.

1:02.9

Welcome on board between Star Fairy Service between Double Tree Hilton and Canary Wharf

1:09.3

Pier.

1:11.3

So just down from my house, I can take a ferry across the Thames River to Canary Wharf,

1:16.2

which is one of London's financial centers.

1:19.2

The square mile is another, but the newer and decidedly more sky scrapery one is Canary

1:24.4

Wharf.

1:25.4

You can see HSBC, Deutsche Bank, you can see Credit Suisse, you can see all of the world's

1:36.2

major financial outlets, Fitzradings, the works.

1:40.1

Finance types are attracted to the capital's tax rates, its time zone and educated workforce,

1:45.4

but there's a lot more than just straightforward banking money here.

1:49.9

All these sky scrapers are set amid what used to be working docs.

...

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