Russian Oligarchs in London

• Were very rich business leaders with lots of political influences
• Have moved when they fell out with Russian regime moved to protect their wealth being seized by Russian state.

  London is a major world city and avoid paying tax
• foreign buyers are involved in 82% of property deals in central London.

  Property prices have increased 30–50%
• Global hub city is a twat, a mixture of low-wage migrants, working in kitchens, construction site, domestic cleaners, child, or old age carers, as well as elite migrant.
• Positive Impacts for Host location:

  Receive skilled foreign workers

  Low skilled, low-wage labour, fills jobs that are difficult to attract workers

  Balance the aging population with extra young people

  Sustain a growing leisure sector through gaining restaurants, hotels and bars

  can sustain lifestyle of its middle-class by gaining workers to provide childcare, cleaning and elderly care
• Negative Impacts for Host location:

  pressure on housing prices/availability

  Increase in rent prices, healthcare and school places
• Positive Impacts for source location:

  Reduces unemployment as people migrate elsewhere

  Earns remittance payments, which are sent home by oversea migrants

  Gains increased employment because the remittance payments are used to build homes or invest in local businesses
• Negative Impacts for source location:

  Loses its most skilled and dynamic workers (‘ the brain drain’) The losses occur in key areas as well as entrepreneurial and business skills.

  Suffers an imbalance population, many young people migrate, leaving a dependent population (elderly or children)