Rowland Baring, governor of the Bank of England between 1961 and 1966, found the Bretton Woods system — which controlled the exchange of currency and used gold-backed US dollars as an “impartial” international currency — both unethical and damaging to the City of London. Many agreed. When banker Ian Fraser changed the way the global economy worked, his system allowed for the unprecedented concentration of wealth that we see today, and it created the destructive gap between rich and poor.
Can rich Russian businesspeople, criminals and oligarchs influence British politics by investing their money in English assets? And is it too late to purge this money?