July 14th, 2005

Lakshmi Mittal Bungs Labour £2m

Hmmm, tricky one this, Mr Lakshmi’s lawyers (Schillings, what a great name for lawyers) threatened to sue anyone who suggests anything dubious or refers to a previous incident (such as the timing of the last bung of a mere £125,000 and Tony Blair coincidentally writing a letter for him, not because of the money, because err, oh I forget what bullshit Tony made up). On the other hand it would be funny to see a billionaire’s lawyers suing an anonymous blogger who claims to live in the cellars of parliament / be 400 years dead (but with broadband).

He must get a Lordship for this surely? Lord Drayson’s peerage set him back only £600,000. Drayson is now a member of the government despite his little tax dodge becoming public knowledge. But Lord Lakshmi must pay UK taxes on his billions, otherwise Labour wouldn’t take his donation, would they?

Which reminds Guido that he has not mentioned his ongoing Campaign for a Sir Peter Stringfellow for some time. Its a disgrace that must be righted in this year’s New Year’s Honours List, the Tories should nominate their stalwart supporter for a gong.


  1. 1
    wonkotsane says:

    I gave odds on this very subject this morning.

    I’ll give you odds of 5-3 for him to be given a
    knighthood in the next 12 months, 4-1 for the next 6 months and a 15-1
    accumulator on him sitting in the House of Lords by the end of 2006.

  2. 2
    Dave Heasman says:

    Lord Lakshmi does pay UK taxes on his billions, but he doesn’t pay at the rate that “civilians” do. He has one of those “private arrangements” with the Revenue, where he deigns to accept a UK tax regime while the Revenue crawls toward him on its collective belly and charges him some derisory sum.

  3. 3
    tim says:

    I note Schillings don’t want anyone to know where our generous benefactor lives – maybe buying the most expensive house ever in London and having the fact widely reported wasn’t such a good idea then….

  4. 4
    Tim Worstall says:

    Lord L is resident but not domiciled (and not a UK citizen I think) so he pays on his income in from the UK plus the arrangement. Given that his companies are not UK resident, the former sum is not very large.

  5. 5
    Nick says:

    Re Sir Peter Stringfellow – shurely stalwart supporter for a thong??

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