How basement-loving billionaires are forcing everyone else out | Anna Minton

The vast foreign wealth in London doesn’t trickle down, it displaces. Opulent basements contrast with the glorified cellars in which many people live“I don’t want to expel any oligarchs. Their cranes are sprouting across the city, and it’s marvellous,” Boris Johnson said when he was mayor of London. The cranes were not just building the ubiquitous luxury apartment towers defining the city; they were also digging down, tunnelling underneath the most expensive streets