The numbers are out. They are disgusting. A new report shows that at least £325 billion of dirty money enters the UK every single year. This is not an error in the system. This is the system. London is just a high-end washing machine for global criminals.

The money comes from everywhere. It comes from drugs. It comes from human trafficking. It comes from sanctioned regimes. It stays here because the gates are left wide open.

The features of this decay are obvious.

• The legal system protects the flow.
• Banks look the other way for a fee.
• Regulation is a performance for the cameras.

The authorities will promise much. They will pass a law. They will hold a press conference. Nothing will change. The money is the lifeblood of the economy. We are all just living in the wreckage of a laundromat.