Patrick Boyle

And my whole career in finance, we would look at interest rates and we'd go,

Well, at this point, we're at historic lows.

It can't go lower.

It just went lower.

But now it's starting to rise.

And people don't know how to deal with it.

I mean, if you think about it, we've had interest rates going down since 1981.

You walk around the trading floor of a bank and find a person who works there, who has worked during a rising interest rate environment.

They're not there.

I don't know.

Like, in general, I think some of the, like, I know a place like Chelsea and whatever that probably attracted a lot of wealthy foreigners.

And, you know, you sort of end the party in London, those people up and leave, you know.

And so we're sort of seeing some of that.

And in particular with, like, the types of taxes that have been brought in and whatever, you know, getting rid of the non-dom rule.

Like, there were a lot of wealthy people

who lived here, they had foreign income that was not being taxed in the UK, and that worked for them.

And if you say to someone, well, we're now going to tax you on your global income, it's like, well, London's nice, but it's not that nice.

There's a lot of places to live.

And so, yeah, I mean, the funny thing, though, is I would argue, I made a video a little while ago on this topic that

The property market, in my opinion, in London, is almost a source of most of the country's problems.