Stocking the trophy cabinet

Britain’s rich store of status symbols is a key driver of foreign investment

FAR FROM BEING playthings of the rich, what are often disapprovingly called trophy assets are an important part of a country’s investment attractiveness. Most countries have some and Britain has more than most. To have these shiny baubles for sale, attracting foreign money in serious measure, is a potent aspect of success. When the term is used, one often thinks of real estate. London, as an international rather than English city, is effectively the only UK destination for foreign money seeking a home in such assets. We are comfortably ahead of the capitals and cultured centres of Europe. Delightful as Paris, Rome and Vienna are, they are not serious places for finance or growing businesses, merely Disneylands for adults. Everyone from the Vatican to oligarchs, with every type of Arab…

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The Critic (Digital) - 1 Issue, August - September 2023

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