| The secret owners of UK property worth billions |
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| | | For a third day, BBC News is reporting revelations about the financial secrets of some of the world’s richest people. The Pandora Papers - that vast haul of leaked documents from companies providing offshore services in tax havens - list property with an estimated value in excess of £4bn. The owners include high-profile foreign politicians, individuals accused of corruption and UK political donors. And a BBC investigation - with the International Consortium of Investigative Journalists, the Guardian, Finance Uncovered and other media outlets - has found the secret owners of more than 1,500 UK properties bought using offshore firms. Among the revelations: - The wife of retail magnate Sir Philip Green went on a buying spree of London property while the couple's recently sold High Street empire teetered on the verge of collapse. The Greens declined to comment, saying these were private matters
- The Qatari ruling family purchased two of London's most expensive homes through offshore companies, saving millions of pounds in tax. The Qatari government did not respond to questions
- Ukrainian billionaire Gennadiy Bogolyubov, who is under FBI investigation and had hundreds of millions in assets frozen in an alleged fraud case, owns more than £400m of UK property. His lawyers declined to comment as legal action is ongoing
- A £40m London office block is owned by the son of sanctioned Russian oligarch Mikhail Gutseriev. Representatives of Said Gutseriev said he did not have "any business links with his father"
Owning real estate through an offshore firm is legal and there is no suggestion of wrongdoing in using a foreign company to purchase it. However, the UK government recently raised its assessment of the money-laundering risk for the property market from "medium" to "high". And successive Conservative governments have pledged to introduce a law making it compulsory to name those owning property via foreign companies. Labour MP Margaret Hodge says it's a "scandal" that a public register - promised when David Cameron was prime minister - has yet to be introduced. The government says it will introduce a register of offshore companies owning UK property when parliamentary time allows. | |
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| Pandora Papers revelations so far |
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| The Pandora Papers is a leak of almost 12 million documents - pored over by more than 600 journalists in 117 countries - that reveals hidden wealth, tax avoidance and, in some cases, money laundering by some of the world's rich and powerful. There's been a steady stream of revelations. In case you missed them, here are some of yesterday's: | |
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| Patel bids to block disruptive activists' travel |
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| Home Secretary Priti Patel will use her Conservative Party conference speech to announce powers for courts to prevent people attending protests. A source says the measure will cover those with a "history of disruption", or where intelligence suggests they might commit crime. Police are also expected to get powers to inspect activists for "lock on" equipment used to prevent them being moved. Climate activists who have tried to block roads including the M1 and M25 appear undeterred. "Throw as many injunctions at us as you like, but we are going nowhere," the Insulate Britain campaign group tells Ms Patel in an open letter. One activist argues: "We have tried targeting political leaders, government departments... without any success at all. Disruptive direct actions work." | |
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| Facebook services back after outage |
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| Checked your DMs this morning? Your Instagram, Facebook and WhatsApp accounts should be back to normal after an outage lasting almost six hours yesterday evening. Facebook, which owns all three services, says the cause was a faulty configuration change. There's "no evidence that user data was compromised as a result of this downtime", it adds. Founder Mark Zuckerberg has apologised to those affected. | |
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| |  | | | Chancellor Rishi Sunak declared himself a pragmatist, not an ideologue, rather enjoying his role, it seemed, as the man with the country's cheque book when emergency struck. But what he really wanted the Conservative Party conference audience to know was that's not what he would choose to do in anything like normal times.
Using the word "belief" more than a dozen times, referring to his political convictions and maybe his belief in himself as well, he sought to reassure the gathered crowd of his low tax, tight-spending, tight-borrowing instincts. | |
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| | Laura Kuenssberg | Political editor | |
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| | | | Several front pages focus on the Conservative Party conference. Prime Minister Boris Johnson will use his speech to urge office workers to return to their desks, according to the Daily Mail. Meanwhile, the Times says Health Secretary Sajid Javid will unveil new powers to seize control of poorly performing hospitals and sack managers who fail to clear NHS backlogs. "Rishi lays down the law: no more debt" is the Daily Express's take on the chancellor's speech. But the Daily Mirror, which highlights his background as a former banker married to a billionaire's daughter, brands him "heartless" for refusing an extension to the temporary £20-a-week Universal Credit uplift. | |
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| | | Microsoft Windows 11 launches with redesigned start menu |
| | | | | | | | Serial killer Inquests a key step for families of Port's victims - lawyer |
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| If you watch one thing today |
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| If you listen to one thing today |
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| If you read one thing today |
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| Need something different? |
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| There's a chill in the air and the nights are drawing in. It won't be long before kids are pestering for pumpkins. And one man who has plenty is Chris Hoggard. He's been growing them for 25 years on his North Yorkshire farm and his crop now numbers 30,000. But as he explains, the enterprise started with a single packet of seeds, sown for his children one distant Halloween. Another big project that grew from a small idea is artist Wayne Binitie's 1765 - Antarctic Air. Read how air, trapped in polar ice for two and a half centuries, was extracted and encased for display in Glasgow throughout the UN climate summit COP26 - with a little help from engineering company Arup and the British Antarctic Survey. | |
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| | | 1968 At least 30 people are injured as police use batons and water cannon to break up a civil rights march in Londonderry. |
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