There was nothing about this in Wednesday's budget

 The Independent Consortium of Investigative Journalist (ICIJ) reports;

From the beginning of Russia’s invasion of Ukraine more than a year ago, many countries and authorities around the world have sought to economically punish Russia — and President Vladimir Putin — by seizing bank accounts, yachts and other assets linked to the country’s powerful elite.

But there might be another, more efficient way to throttle Russian oligarchs’ access to their wealth, according to a new research paper that used ICIJ’s Offshore Leaks Database to analyze how these billionaires were moving their money.

Researchers have suggested that targeting the financial enablers — the bankers, lawyers, accountants and others — would cut off the “expertise pipeline,” which would be far more effective than targeting individuals or their assets.

This is particularly true for the Russian oligarchs, the report’s authors claim, because they often concentrate their business through a relatively small group of financial advisers and wealth management firms.

“It is a consequence of needing to keep secrets within the smallest group possible,” Brooke Harrington, a sociology professor at Dartmouth and one of the authors of the study, told ICIJ.

Harrington said that using ICIJ’s Offshore Leaks database made it possible for her to show — with data — that wealth managers are the big “secret keepers” maintaining the offshore system.

“It took all these years and the leaks had to happen for me to prove it,” she said.

A Chancellor who is proud of the City's lack of regulation is unlikely to follow this promising lead.