Latest Channel 4 News:
Hostess set to admit Tiger affair
Security forces kill 15 militants
More charges for massacre suspect
Look out! Here comes unlucky Luke
Honduras against reinstating Zelaya

Russia's rich in the UK

Updated on 26 June 2007

By Channel 4 News

More4 News Looks into why Russia's billionaire tycoons and super-rich are living it large over here.


Prudence might be his watchword, but while Gordon Brown's been Chancellor of the Exchequer - London's become a haven for the super-wealthy around the world.

One reason - a huge tax loophole which Mr Brown promised to deal with five years ago - but still remains. Non-domicile tax status means foreign billionaires can live here without paying anything on their overseas earnings.

Now Russia's mega-rich,who made vast sums after the fall of the Soviet Union, are flocking to these shores.

Someone who knows them well is former Yeltsin advisor Alexander Nekrasov. This is his personal take on the modern-day Russian invasion.

Send this article by email


Watch the Latest Channel 4 News

Watch Channel 4 News when you want

Latest news




Channel 4 © 2009. Channel 4 is not responsible for the content of external websites.