Cosy Relationship Hodge the Dodge Ignores

20130426-085348.jpg Some strong words from Margaret Hodge and the Public Accounts Committee as they release their report on tax avoidance today. Apparently the Big 4 accountancy firms have an “unhealthily cosy relationship with government”, saying it creates a “ridiculous conflict of interest”. Readers will know of Hodge’s great expertise in this area, given that she worked for one of them, Pricewaterhouse, before she became an MP. Not to mention that Hodge’s friends on the frontbench such as Chuka, Balls and Rachel Reeves have all had PwC analysts on their payroll. Guido can reveal that Labour’s Shadow Treasury ministers Chris Leslie and Cathy Jamieson also currently have PwC employees working in their offices. For some reason Hodge hasn’t said anything about this, you might say, cosy relationship, but then she has form for keeping quiet about awkward questions…

UPDATE: Hodge comes in at number 15 on the Times’ Politicians Rich List (£) this morning with a mere £18 million fortune largely tied up in the family Stemcor steel trading business. She told  Michael Crick “I am a tiny, tiny, tiny shareholder”, an 8-figure shareholding is hardly what Guido would call “tiny”. Her shareholding is via family trusts which have the advantage that they won’t be subject to inheritance tax. Cunning.



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Charles Clarke says Cameron is the most successful PM for over a century…

“Under Margaret Thatcher the Conservatives gained 99 seats. They lost 211 under John Major, gained one under William Hague, quickly and wisely got rid of Ian Duncan-Smith, gained 32 under Michael Howard and have so far gained 133 under David Cameron who, to the great surprise of many (including senior Conservatives), has turned out to be the most electorally successful Tory leader since 1900.”

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