I wonder if this has anything to do with jeffrey epstein and his 'pedo island?'
Perhaps, but these are older allegations than Epstein. This specific one claims that various senior members of the establishment were involved in very serious assaults on very vulnerable kids, that the behaviour was investigated by the Police, and that the investigation was supressed (immediately after one or two of the senior folk were arrested) with the cops involved intimidated (either using the OSA or more traditional techniques) into STFU.
How true it is noone knows yet - on the one hand one or two of the people involved (Cyril Smith etc) were identified (albeit not punished) as nonces by elements of the Press at the time, on the other some of the latest names mentioned one finds very hard to believe were involved (specifically Enoch Powell, about whom someone would have come forward if there was any suggestion of that kind of thing).
That said, to blow the whistle on really serious badness over here rarely if ever ends up well for the heroic individual concerned.
Jolly Olde also has a long history of politicians and captains of industry (and spies) being brought down because of illicit affairs with women who may not always be honey traps.
With regard to that specifically, it has never really been about illicit affairs - its been about hypocrisy. For instance the current Mayor of London is someone who finds trouser containment a real problem, but as he doesnt go around boasting of what a fantastic husband or father he is noone really cares.