Daily Archives: August 22, 2013

John Gapper

The decision by Kensington & Chelsea council to charge a one-off fee of £825,000 to a hedge fund manager who wanted to excavate and build a luxury basement will send shivers through the well-heeled of London.

Not many people will feel too sorry for Reade Griffith of Polygon Investment Partners but it throws a light on the high, and sometimes hidden, transaction fees attached to the inflated London housing market.

Section 106 agreements, the legal avenue used by Kensington to extract the fee from Mr Griffith and his wife, are usually struck between planning authorities and developers of commercial or residential developments, rather than individuals. Read more >>

Last month technicians from GCHQ, the UK electronic surveillance agency, stood over journalists from The Guardian newspaper to make sure that they destroyed a computer containing files leaked to them by Edward Snowden, the former contractor to the US National Security Agency. This week the British police abused anti-terror legislation to detain David Miranda, the partner of Glenn Greenwald, a Guardian journalist, and seize his files. Coming up next: officials from the NSA and GCHQ bang their heads against a brick wall in frustration at having allowed Mr Snowden to abscond with their secrets. It would be as effective, and legal.