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To understand why Westminster is full of empty homes, Kojo has to look outside of Britain. Episode two follows the money to the Cayman Islands, one of the world’s most powerful tax havens and a British Overseas Territory.
Kojo finds out how offshore finance works, why secrecy is its greatest asset, and how Britain’s overseas empire quietly props up a global system designed to protect wealth from scrutiny. Drawing a line between shell companies in the Caribbean and spiralling property prices in London, he finds that housing has become a safety deposit box for global capital. So why don’t the politicians in Westminster do something about it?
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