EXPENSIVE PROPERTY

Kensington and Chelsea is an inner London borough much favoured as a place to live by wealthy Brits, royalty, and foreign billionaires. The properties there are some of the most expensive in the U.K.

Just how expensive was brought home to me by a statistic I read the other day. The tax paid on home sales in that borough in the 2012-13 fiscal year exceeded the tax paid on all home sales in Scotland, Wales and Northern Ireland put together.

I can safely say that I will never live in Kensington and Chelsea.

Walter Blotscher