Brown-Bankrolling Non-Dom Peer Considers Quitting Over Tax

Non-domiciled Lord Paul of Marylebone, donated over £355,000 to Labour and £45,000 directly into Gordon’s 2007 leadership campaign. Despite his huge wealth he still found it appropriate to claim £38,000 from the taxpayers in Lord’s accommodation expenses despite, by his own admission, having never spent a night in the property.  He is reportedly set to quit the House of Lords, not over his expense claims, but to avoid tax.

Lord Paul has been Brown’s very own non-dom donor and has been repaid handsomely by Labour with a peerage, membership of the Privy Council and until his recent expenses scandal was the Deputy Leader of the House of Lords. So close is Lord Paul to Gordon that he was willing to personally bankroll the autumn election that never happened in 2007. Paul said “All I know is that if there is an election and the money is wanted, whatever I can pay I will. I am a believer in Gordon Brown and his leadership, and I think he’s the best person in the country.” Hence Guido’s amusement today to hear that Paul is ready to jump ship.  He is considering whether to give up his seat in the Lords to avoid having to pay tax in the UK. Which shows where his priorities really lay…

Labour has attacked Lord Ashcroft while turning a blind eye to the activities of one of their biggest donors. Lord Paul has refused to pay tax in this country yet is greeted with open arms by the Labour leadership desperate to get their grubby fingers on some of his controversially raised fortune.  Paul is ranked the 88th richest man, living, in the UK.  This nom-dom, expenses fiddling, conglomerate owning peer has some interesting skeletons in his cupboard to which Guido will be returning. How he amassed his fortune will turn the stomachs of many Labour supporters…




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Quote of the Day

The FT’s Wolfgang Munchau on the “fake maths” of economic forecasts:

“The truth is that our ability to forecast the future beyond the current quarter is limited… The curse of our time is fake maths. Think of it as fake news for numerically literate intellectuals: it is the abuse of statistics and economic models to peddle one’s own political prejudice… The fakeness of the maths lies in an exaggerated inference. Economic models have their uses, as do opinion polls. They provide information to policymakers and markets. But nobody can see through the fog of the future.”

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