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Any other business

A windfall tax on monster basements could solve London’s housing problem

31 August 2013

9:00 AM

31 August 2013

9:00 AM

The mega-rich are best housed behind high fences, on wooded estates patrolled by dogs; that way, they don’t have to annoy the rest of us. But I can see how irritating it must be, if you live in the crowded Ladbroke Grove area of west London, to have a neighbour like Reade Griffith, an American hedge-fund manager who has received planning permission for a vast basement extension to his house that will take many months to excavate.

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