April 3rd, 2012

Brown’s “Not a Single Penny” Un-Spun

When it emerged that Gordon Brown had made £1.4m since leaving office on the international speech circuit, his spinners were quick to point out claim that “not a single penny” had gone to Brown himself and instead it was all given to charity. But that’s not quite true.

The most recent set of abbreviated accounts for the Office of Gordon and Sarah Brown (Ltd.) paint a different picture. Though they do not give a turnover, or how much actually went to charity, or how much was spent on “administration”,  they do show that at least 20,934,300 pennies are being held by the Browns in cash. No income tax on that…


197 Comments

  1. 1
    Andrew Efiong says:

    Knowing Brown you have to look for the off-balance sheet vehicle!

    Like

    • 22
      Anonymous says:

      Brown might have anger management issues but he is the most decent honest PM we had in the last 30 odd years. John Major was a decent man as well he was surrounded by evil nasty once.

      Like

      • 26
        Doh! says:

        He doubled the tax on the lowest paid (the 10p affair) abd you think he is honest and decent?

        Like

        • 34
          Anonymous says:

          He is the one who gave 10% tax a well. Who did the current lot gave a tax cut to? Only to once who are paid over £150,000 and who ended up paying for it, granny and pastry eaters.

          Like

          • meme says:

            2,000,000 or 20 mill ?

            Like

          • Anonymous says:

            meme says:; It is not 2,000,000 or 20 mills, it is 65,000,000 people paying more to give tax cuts to 350,000 people.

            Like

          • Funambulist says:

            Those bloody oncers!

            Like

          • Sack Cameron - Elect A Tory says:

            The economic damage the idiot Brown inflicted on this country will take a generation or more to repair. He has crippled our nation. The man’s actions were as unforgivable as they were incompetent.

            The Prime Mentalist was at the very heart of the blackest period of political butchery our nation has ever experienced. He should never be forgiven.

            Like

          • Say what? says:

            If you can offset the reduction in tax from increased Income tax allowance with your pastry eating I’d be impressed

            Like

          • Flat-chested horse-faced bint pretending to be in hetero relationship with UK PM says:

            Fucking amateurs! £250k per dinner, surely?!

            Like

          • Party Political Broadcast says:

            Like

          • Anonymous says:

            I am the clunking fister

            Like

        • 115
          Anonymous says:

          Like

          • Boris, are these income going to a company? says:

            1(a)(iii) – Details of any employment/self-employment/business:
            Author
            Writing, Broadcasting
            1(a)(iv) – Name(s) of employers/people who have appointed me to work for them:
            The Daily Telegraph (Column Writer)
            Mail on Sunday, occasional book reviews
            Spectator, occasional diaries
            Harper Collins Publishers UK
            Overseas secondary rights contracts include:
            Alpina (Russia), Fushosha Co Ltd (Japan), Nakladatelstvi Leda (Czech), Thyrathen/Epilogi (Greece), Garzanti Libri SPA (Italy), Verlage Haffmans & Tolkemitt (Germany), Penguin (USA)

            http://www.london.gov.uk/who-runs-london/mayor/boris-johnson/register-interests

            Like

          • Boris, are these income going to a company? says:

            When Boris came back from his holidays from Canada why did tax payers pay £2,098 for his air ticket?

            http://static.london.gov.uk/mayor/expenses/docs1112/B-Johnson.pdf

            Like

          • Rooney says:

            I think you need a name change old thing. Income is plural in this context – and don’t add an “s” tht would be quite wrong.

            Like

          • Sungei Patani says:

            Boris, are these income going to a company? at 4:26

            Because he had to come back early and needed an emergency ticket which everybody knows costs much more than if you book in advance.

            It is extremely unlikely that he had a flexible ticket for his holiday flight as originally he would have had a fixed itinerary like most people on holiday hence he had to buy one to enable him to undertake his duty as mayor.

            Do use a little bit of common sense.

            Like

          • Iran says:

            Dear Londoners,

            Please vote for our friend Ken, he is a shining light

            And our new hezbollah in the UK

            Like

      • 39
        Tedious Shill Spotter says:

        Why don’t you just fuck off?

        Like

      • 43
        Cynical-old-bag says:

        Decent? Honest?

        Sorry, but where have you been living over the last 15 years or so?

        Like

        • 46
          Drop a Daisy cutter on the BBC says:

          Brown is a c u n t there’s nothing decent about him. Even his turds are evil.

          Like

          • Rooney says:

            To be honest, apart from having mental health issues, and being pretty crap, and biggotted, compared to B£iar, Brown was relatively honest (in his own crap way).

            Like

      • 55

        Yep – that “honest and decent” man financed an illegal war on Iraq for Tony Bliar, killing 100’s of thousands of people

        I think I prefer crooks – you can get to the bottom of a crook, but you can never get to the bottom of a liar. (Thanks granddad!)

        Nonny – you’ve brought your 1 blade Swiss Army knife to a gunfight AGAIN – are you stupid or just masochistic?

        Like

      • 56
        Lord Kinnock of Wind says:

        I can see the point you want to make but it’s flawed in as much as we don’t need our leaders to be simply decent and honest, we need the to produce results for us. We provide them with our money and votes to do a job for us. Brown failed to “end boom and bust” and even sold off the gold reserves at the worse possible moment, not much good to us if he was honest as he was incompetent!

        Like

        • 60
          Cynical-old-bag says:

          Can anyone answer this?

          How long is it since we have had a decent, honest and good PM in this country?

          Like

          • Lord Kinnock of Wind says:

            Don’t know about a PM….. How about Alfred the Great?

            Like

          • Grammar School Boy says:

            1990.

            That is all.

            Like

          • Chess Playing Pigeons are more entertaining than trolls says:

            It is an impossible equation. The political classes cannot be honest and decent. After all it is ‘politics’ where apparently such things as moral standards do not apply -remember the expenses fiddles. No remorse whatsoever.

            Judged by any decent and honest standards the whole lot are appalling.

            Like

      • 132
        Mike Hunt says:

        He destroyed the pensions of everyone who does not work for the state – deliberately.

        If that’s honest and decent then my cock’s a cucumber.

        Like

      • 134
        AC1 says:

        I liked Brown for his Taxation of Unicorns and handling of the flying pigs disaster.

        Like

      • 170
        Sungei Patani says:

        I don’t see anything decent in the way Brown undermined Tony Blair to satisfy his own ambition.

        Like

      • 184
        Horny pensioner says:

        Time you went back to the home for the bewildered.

        Like

    • 86
      Your Comment is awaiting moderation says:

      James Murdoch has gone!

      Like

    • 97
      Jethro Q. Walrus-Titty says:

      Its time cyclops was prosecuted for crimes against the British people.

      Like

    • 135
      Sir William Waad says:

      £209,000 is roughly our national budget deficit for one minute. Thanks, Gordon!

      Like

    • 178
      Sir Barrington Minge says:

      Socialism is a mental disorder: The Labour Party is the asylum

      Like

  2. 2
    Doh! says:

    Still taking othr peoples mony.

    Worst PM ever!

    Like

    • 5
      Unaligned voter says:

      Worst Chancellor too (a liar and a thief). The current one is getting close to him though.

      Like

      • 45
        roy says:

        Brown wasn’t the worst PM, all the problems he had were left by the previous chancellor, possibly the worst in any country ever.

        Like

  3. 3
    Tuscan Tony says:

    It’s his very own Private Finance Initiative.

    Like

  4. 4
    Hush Puppy Man says:

    Sleep In First.
    zzzzzzzzzzzzzzzzzzzzzzzzzz

    Like

  5. 6

    Yes must be corrupt they spent all that money on…..

    Oh, they haven’t spent it? Couldn’t they find a friend who wants to set up a school, say?

    Like

  6. 7
    Gordon Brown says:

    I am buying Euros with that.

    Like

  7. 8
    Grammar School Boy says:

    …and that nice Mr Broon told us he was good with money?

    He wouldn’t lie to us, would he?

    Like

    • 69
      Labourunionsbbc we are one says:

      Prudent, he said, and prudent the B-bbc repeated, ad infiniteum.

      Like

      • 96
        Unaligned voter says:

        Remember…No more boom and bust?

        Like

        • 189
          A pragmatist says:

          Ten days before they went bust, Broon was praising Lehman Brothers for its ‘inventiveness’. That’s the calibre of the one-eyed Scottish idiot.

          Like

  8. 9
    Will N. Dowd says:

    Gordon Brown upsets my pet goldfish. Awful, awful man.

    Like

  9. 10
    Jimmy says:

    “No income tax on that…”

    I know the whole tax thing has always confused you, but do you know why it’s called income tax?

    Like

    • 73
      Archer Karcher says:

      “do you know why it’s called income tax?”

      Because as unpopular as it is, it’s still better than calling it by it’s real name, theft.

      Like

  10. 11
    annette curton says:

    Why is his (their) balance sheet abbreviated, how much money has been siphoned off into the rocking horse shit account?, we should be told.

    Like

    • 99
      Unaligned voter says:

      Let’s be honest here, we need another MP ‘s expenses cover up investigation. They are all still at it as though nothing ever happened.

      Like

  11. 12
    Will N. Dowd says:

    I once asked Gordon Brown the time of day. His answer took 3 and a half hours and by the end I still didn’t know.

    Like

  12. 13
    Ed Bollocks says:

    Those Mental Health Therapy sessions in Greenock Clinic don’t come cheap. Almost as expensive as my speech therapy!

    Like

    • 21
      Jack " Croney " says:

      Hello Bollocks ,

      As I was saying to wifey Harry “ET” the other day … the sooner that Balls goes to therapy the sooner I can claim it against tax in the PLP accounts before the tax year ends.

      Like

    • 72
      Silly bollocks peston the labbour lords son says:

      Annnnnnnnnnnnnd mInnneee.

      Like

  13. 14
    Derek Smalls says:

    On a practical note, guys: How long are you going to be talking about Gordon Brown? It’s just that I might not have that long to live.

    Like

    • 18
      annette curton says:

      Brown is the new Thatcher (except for the BBC of course).

      Like

    • 19
      Oh! Sud de Nîmes says:

      As long as they’re scamming their thicko advertisers, massaging the traffic figures and nothing much is happening politically, they’ll talk about Gordon. Most of us have managed to move on.

      Like

      • 25
        Hush Puppy Man says:

        Sleep In First.
        zzzzzzzzzzzzzzz^^zzzzzzzzzzzzz

        Like

      • 74
        Archer Karcher says:

        You may have moved on, however your children ( if you have any ) will be paying throughout their lifetimes for Browns wretchedly bad and devious actions.

        Like

      • 175
        Hugh Janus says:

        “Most of us have managed to move on.”

        Only problem is, the bastard’s debts are following us like some dreadful stench. Soon they will completely engulf us.

        Like

  14. 16
    The Good Grammar Guardian says:

    Guido really !!

    Why not jusy say £209k and be done.
    There are times when fancy wordplay is its own worst enemy .

    Needless to say ….. so I won’t

    Like

    • 31
      Ken Livingston's £260 shoes says:

      Is it because Gordon said “not a single penny” and Guido was pointing out there are 20,934,300 pennies?

      Just a hunch.

      Like

  15. 17
    Will N. Dowd says:

    A Labour canvasser asked if I’d be voting for them. I asked for one good reason why I should vote for Labour. He became angry and said he didn’t have time for trick questions.

    Like

    • 47
      roy says:

      i would vote for the respect party. i may even donate. imagine a party of the left appealing to nutters. it would split the red vote in two!

      Like

  16. 20
    The dead tree press are shit unless they pay me money says:

    Is it possible the 20k is waiting to be distributed to charity? Just saying like.

    Like

  17. 23
    smoggie says:

    He’ll give it away for sweeties ….. like he did our gold.

    Like

  18. 24
    In this interview, Gordon says he's not interested in making money says:

    Like

  19. 27
    Jack " Croney " says:

    Moderator , remember the biblical dicrum :

    ” He who is moderated last will live to moderate the longest ”

    ( Come on Guv’nor — let it thru — you know you want to .)

    Like

  20. 30
    Uncle Twiggle says:

    I’m surprised he hasn’t bought gold with it……

    Like

    • 36
      maggie the dog says:

      He could’nt bloody afford it now

      Like

      • 106
        Unaligned voter says:

        He ain’t that bright is he? Selling our gold at the bottom of the market was a bloody stupid thing to do – let alone a “monetary wizard”.

        Like

        • 144
          Harriet says:

          Let my Jack Dromey handle it. He’ll not be able to recall anything about it.

          Like

        • 146
          Archer Karcher says:

          Broadcasting the news weeks prior to the actual sale was also another enormous blunder. McBust should have been nicked there and then for insider trading.

          Like

  21. 33
    Lord Gnome's Mouthpiece says:

    Why don’t you put a date on these blaste video clips Guido .

    You narly gave me a heart attack !! I thought this was Brown speaking this afternoon in quasi real time .

    Was it ? Was he re running the general election for the benefit of the dross who had been in their pit the last 22 months and just awoken from their golden slumbers hoping they would re vote in his favour and the past 22 months could be exained away as a ” shower scene ” ??

    Like

  22. 37
    Tom Watson is a fat wanker! says:

    What I want to know is where the bloody hell has Labour general secretary gone, and why now?

    Like

    • 86
      Its all about a sense of entitlement says:

      Organising cocktails in Buenas Aires? Buying a list of potential donors’ credit cards in Mumbai? Whaling with the Japanese? The possibilities are endless, but most likely on holiday because that is what people do who feel they are worth it.

      Like

  23. 40
    Lord Gnome's Mouthpiece says:

    Thank you again for unadelterated free speech Guido .

    Your ” Mod” boy is an example to us all on the ever vigilant powers of the British judicial system regarding the minutiae ofthe libel laws.

    Like

  24. 41
    northofsouth says:

    Why not keep talking about Brown? He was absolutely useless and the Labour Party was bullied into accepting him as leader.

    Fortunately the voting public rejected him at the first opportunity. Useless chancellor and PM, probably the worst in living memory.

    Like

    • 49
      roy says:

      worst chancellor ever anywhere no doubt. as PM he was just a c#nt

      Like

    • 51
      Cynical-old-bag says:

      He was unelected and we were bullied into accepting him as PM.

      He was worse than useless, he had no social skills and he had a bad temper. Just the sort of person needed to run a country.

      Like

    • 63
      yeah, right.... says:

      The electorate rejected him and his party were never given the opportunity to reject him.

      Comparisons with the blessed J Major are inaccurate; Major went to the country and won, albeit against Kinnock….

      Like

      • 67
        Cynical-old-bag says:

        Kinnock didn’t do badly out of it. Neither did his wife and son.

        Like

        • 177
          Hugh Janus says:

          Yes, for two people who originally despised the Common Market (as was) they did pretty well to become millionaires at our expense. They also despised the House of Lords, but their deep-seated principles prevented them from saying ‘no thanks’ when the gravy train was passing their door.

          Such splendid, gold-plated hypocrisy, a really fine example to the current bunch of useless, self-regarding politicians…

          Like

    • 109
      Unaligned voter says:

      …and remember he had Balls in tow. A good reason to hang him now.

      Like

  25. 42
    Drop a Daisy cutter on the BBC says:

    Interesting article in this tweet about how the hacks feel about the Guardian

    photo/1

    speaking of which I see some female hack was up at Leveson today being asked about her relationship with senior plods.

    I look forward to Amelia Hill getting the same treatment

    Like

  26. 50
    Drop a Daisy cutter on the BBC says:

    What about the money he’s taken from the English tax payer as wages for not attending the HOC?

    Like

    • 52
      Cynical-old-bag says:

      That’s just the tip of the iceberg. Allegedly, the taxpayer is still paying for Mr & Mrs Bliar’s security.

      Like

  27. 58
    Nick "Not Draconian" Cleggie (ah, bless ) says:

    Nick “Not Dracoian” Cleggie, we’ll have a bit of a sniff around his emails and web habits and see if we can find any more info!

    Like

  28. 59
    ToonBob... says:

    Brown, Blair, Livingstone good ‘socialist’ tax avoiders :)

    Like

  29. 61
    Bored of Nothing says:

    This story is all very interesting but it is not takibng matters any further. Are we expected to go tut tut or do something?

    Like

    • 66
      Anonymous says:

      Nobody can be surprised at this surely? Known liar tells a lie. Just normal behaviour for the odious Brown.

      Like

  30. 62
    CT says:

    £209,000 has been held aside as a contingency for future Nokia replacements.

    Like

  31. 71
    An accountant says:

    This is an attempt at a smear. The money could have been paid to charity the very next day.

    Like

    • 80
      Father Ted says:

      It is just resting in the account?

      Like

    • 90
      Cynical-old-bag says:

      …and it might be tomorrow.

      Like

    • 150
      Sir William Waad says:

      Mr Brown could have formed a charitable trust instead of a limited company, if he had wished to ensure that none of his income from boring people to death could (a) be taxed or (b) benefit him.

      Like

  32. 79
    a bit slow says:

    Murdoch resigns as BSkyB chairman

    ft.com

    Like

  33. 84
    An National Socialist says:

    Try finding Blair’s name on any document at Companies House.

    Like

    • 92
      Nick "Not Draconian" Cleggie (ah, bless ) says:

      Funnily enough our super new wiz bang internet snoopy laws will not target any politicians who are crooks and pocket liners or any such as T Bliar esq, crooks with a paper veneer of legality.

      Onward and upward.

      Like

  34. 85
    An National Socialist says:

    Do you have to resign directorships if you go to prison?

    Like

    • 98
      Nick "Not Draconian" Cleggie (ah, bless ) says:

      …well you certainly don’t have to resign Lordships!! In fact it is now viewed as a badge of honour.

      Apparently requires a change of law to kick them out, somethingn naturally well beyond the ability of the “Mother of all Parliaments” !!!!

      Like

  35. 95
    Dudley Zoo says:

    Brown is a biological hazard

    Like

  36. 102
    Just saying says:

    I don’t think I can support this coalition if they go ahead with all this email and internet snooping.

    Like

  37. 111
    Andy Coulson's monkey says:

    Er this is story about Brown is a load of bolox. Any accountant will tell you the “cash at bank” figure is the real money reserved the organisation holds. It has not been paid to anyone and as such should not been taxed. All Guido has uncovered is that the organisation has healthy reserves. None of it has been paid to Brown. Pish poor reporting from Guido.

    Like

    • 114
      Maud Francis says:

      Exactly

      Like

    • 117
      Rooney says:

      Well you see Mr Monkey, I trust that Mr Brown chap, he is as honest as the day is short.

      Like

      • 123
        Bill Quango Mp says:

        You don’t think he might come back do you?

        Remember the trouble Schwarzenegger7 had getting rid of the second Terminator?

        Like

    • 156
      Le Monde correspondent says:

      Guido will put up any c r a p on this blog to avoid talking about the Murdochs being run out of town

      Like

    • 164
      Evil Landlord says:

      If he had received the money personally, rather than funnelling it through a Ltd Co , then it would have been taxable as his income and 50% tax paid. As he has kept it in reserves and not declared a dividend then no tax is payable. In my simple analysis he has avoided paying income tax !

      Like

  38. 113
    Dirty Desmond says:

    No one will visit my mucky websites…

    Like

    • 116
      Prune Faced Murdoch says:

      But I’ll still have young girls tities on page 3, keeps me going it does.

      Like

      • 121
        ToonBob... says:

        tities ??

        Like

        • 182
          Prune Faced Murdoch says:

          T’s should, like titties, be in pairs, sorry about that, I was getting all excited just typing the word!

          Now, who shall I put on page 3, oh the power.

          Like

      • 136
        Two Titties for sale says:

        What can I do now Rupie ?

        I used to show my titties in the Screws and even the Sun is getting a bit second rate now..

        Should I move to the Express/Star, the real pornographers ?

        Like

  39. 120
    Cato Street Conspirator says:

    A lying bastard, as ever.

    Like

  40. 122
    Sarah tweet says:

    Yesterday was very warm.
    Today it’s a bit colder.

    Please follow me on Twitter for more incredible insights into the political world of Sarah & Gordon Brown (office of)

    Like

  41. 123
    Guido is true to form says:

    The biggest news in the Village is the resignation of James Murdoch

    Not a word from our lovely Guido

    But I suppose he is now with the competitor Dead Tree pornographer

    You are an ass Guido…FFS…

    Like

    • 126
      Bill Quango Mp says:

      Hadn’t he resigned already?
      To run the TV department?

      Like

      • 154
        Lord Reith says:

        Yes

        He had been denoted to running the so-called TV department but they no longer want him either

        And he has become persona non grata in the UK now for reasons evident to anyone who can read and write…

        Like

    • 127
      Legal beagle says:

      James is leaving before he can be arrested in the UK….

      Resigning as a Director of Sotheby’s etc also

      Interesting…

      His lawyers must have told him something

      (or some bent cop in the Met)

      Like

      • 133
        Polly Pot says:

        Praise The Gord!
        I have been awaiting this moment , oh Gord.
        And now vengeance is mine!

        The murdochian false prophet has been cast out into the wilderness.
        Only I, lady Saint Polly Pot remain for you to worship.

        Praise be to Gord!

        Like

    • 145
      Alfred says:

      Nobody reads it, whatever it is. What a fucking hypocrite the fat, *Oirish* tosser really is. The same goes for his *posh* Robin.

      Like

  42. 125
    The Boss says:

    English dipsticks the Great Gordon had a plan to ensure an independant Scotland would surge ahead and flourish while you English sank to the bottom of the cesspit of bankruptcy….and it would seem to have worked…glug!glug!glug!

    Like

  43. 129
    Russian Oligarch and his bent City solicitors says:

    I do find it amusing that you create all these problerms for a few $hillings and pence

    While I, as an honest UK resident, pillage Russia avoid tax in the UK and wander around London with a dozen security gorillas…

    Like

  44. 143
    Guido in nihilist mode says:

    I helped to destroy New Labout

    Now I am bent on destroying the Con/Libdem Coalition

    All that is left in the UK, children, is to follow my pornographer boss…

    He is aggressive, determined, profitable and holds the future in his hands…

    Like

    • 148
      Lord Beaverbrook, turning on his grave says:

      Is the Daily Express still in favour of the British Empire ?

      And Imperial Preference ?

      And anti-European ?

      I do hope so

      And that a republican so-called Irishman like Guido can perpetuate the traditions I established…

      Like

    • 166
      Archer Karcher says:

      The Con-Lib-Dumbfcuk coalition is continuity ZaNu-Labour. Shovelling the same shite and calling it a new name, is not change. Until people like you realise we don’t want what politicians are peddling, dissent and disatisfaction will continually rise.

      Like

  45. 151
    tory boys never grow up says:

    Since when has income tax been calculated on cash balances? Can we now assume that all companies don’t have a separate legal identity from their owners? Or do these niceties only have relevance when Guido’s Tory friends are being attacked?

    Like

    • 168
      Archer Karcher says:

      Where is income tax mentioned? Well nowhere actually, your red herring argument falls at the first. Massive fail.

      Like

      • 173
        tory boys never grow up says:

        In red at the end of the post. Please learn to read before commenting in future!

        Like

  46. 163

    Did you notice that Gordon Brown is not actually a director? He works, gets paid, puts the money in a company run by his wife and avoids paying the 50p tax rate that he introduced.

    He then uses some of that money to run his political office, which surely comes under the category of “political donations”. The difference is that political donations cannot be charged against tax where payments to his company can.

    My post on Gordon Brown’s tax avoidance is here: http://bit.ly/GH5Vkq

    And the other Labour tax avoiders here: http://bit.ly/GIi0Vd

    Like

  47. 172
    tottenham chutzpah says:

    Gordon’s Brown Hole Ltd

    Shows how daft El Gordo is – fancy holding cash – of course its taxed – to inflation
    £5K (?) p.a.?

    Lucky he’s never held a responsible job

    Like

  48. 180
    The Dirty Rat says:

    The cu*t will probably trade it for Turkestan Tenge.

    Like

  49. 186
    I don't need no doctor says:

    Brown’s moral compass always points away from himself.

    Like

  50. 188
    Lottie says:

    What lovely green eyes you have boys.

    Zzzzzzzzzzzzzzzzz.

    Like

  51. 193
    Trigger says:

    And the moral of this long winded story, is that they are all twats, no matter which party they belong to!

    Like

  52. 195
    Rinka Scott says:

    This sounds like a job for HMC Investigation Department.

    The only thing is that with a roomful of paperpushers and bits of paper old bagpipes is in his element and has the ability to grind people down.

    Like

  53. 196
    Sixupman says:

    “Abbreviated Accounts” are an abomination!

    Like

  54. 197
    Eddie says:

    Lets be clear, Gordon Brown chose to set up a Ltd Company. He chose not to make it a charity.

    The conclusion must be that it is not a charity.

    Whether it was the intention or not, the Browns are in the fortunate position of owning a small company, that will hold hundreds of thousands of pounds of money, sheltered from higher rates of tax, and whose shares can be passed to their children free of Inheritance tax.

    In the meantime, as and when required, income and dividends can be drawn from the company in such a way as to minimise tax liabilities. Their children can become employees, and receive an income.

    But it is the ability to pass money through the generations that holds the prospect of saving the Browns the most tax.

    These tax saving vehicles are available to all with large amounts of money, but surely it is hypocritical of the Browns to use them.

    Like


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Westbourne-Change-Opinion hot-button


Lord Glasman tells it like it is:

“The first thing is to acknowledge that Labour has been captured by a kind of aggressive public sector morality which is concerned with the individual and the collective but doesn’t understand relationships.”



Owen Jones says:

We also need Zil lanes.


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