Britain is good at wealth. Not necessarily at generating it, or distributing it in ways that make a contented society, but at looking after it, helping it grow and making it respectable – converting it into social and cultural capital. For centuries, British bankers, lawyers, accountants and other assistants to the wealthy have discreetly performed these roles.
Their customers used to be mostly British: slave traders, self-made industrialists, people who had extracted fortunes from our colonies. But in recent decades, foreigners have become the main beneficiaries of Britain’s readiness to serve the rich regardless of how they made their money. So significant is this change that Britain has become “butler to the world”, according to a persuasive new book by the anti-corruption campaigner and journalist Oliver Bullough.
