Nationalise Russian property in the UK and auction it off

Letters to Editor
Letters to Editor

Whilst Mrs May’s actions against Russia will have the commendable result of reducing our expenditure on profligate diplomatic missions in the light of the expected tit-for-tat response to her expulsion of Russian diplomats, I fear that she really has underplayed her hand.

Whereas immediate nationalisation without compensation of all Russian owned property in the United Kingdom might lead to a temporary downwards blip in the London property market, selling these assets off by auction could largely finance the costs of Brexit and would allow United Kingdom citizens to pick them up at a substantial discount and prices would soon rise again even without further government subsidy of the rental market by increased Housing Benefit.

John Eoin Douglas, Edinburgh