Why Guido Won’t Be Apologising to Hodge the Dodge

This morning the Telegraph issued a carefully-worded apology to question-dodging Margaret Hodge:

hodge“Contrary to our report “Hodge faces challenge over family firm’s taxes” (Nov 20), Stemcor, in which Ms Hodge has a small shareholding, has not abused transfer pricing to avoid tax. We accept that there is no inconsistency or hypocrisy in Ms Hodge criticising other companies for tax avoidance and apologise to her for any contrary impression.”

Note the very specific assertion that Stemcor did not abuse transfer pricing to avoid tax. Guido never made that claim. The paper’s willingness to describe a million pound plus shareholding as “small” is odd, and crucially there is no mention of Hodge’s use of shares held in trusts. She has still yet to reply to our repeated questions, which followed a very different line to the Telegraph’s accusations and have been sent again to her today. Guido stands by everything we have written.




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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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