The ‘Panama Papers’ Offer Nothing New Since Most Foreign Presidents Have Their Second Home In London

I have been ‘treading the boards’ now for forty long years and I can tell you that since the early 70s most Potentates, Presidents, Monarchs, Prime Ministers, Sheiks, Sultans, Ambassadors/Diplomats have their second, or at the very least third home, in London.  It therefore comes as no surprise to see the findings of the ‘Panama Papers’ in this respect.

Lest we forget, the British Empire, before WWII, was the most extensive in the world, and probably larger than the Roman Empire of its day.  As such, we have exported our customs, judiciary and culture to many of the far flung countries across the Globe.  Children in these foreign lands grow up learning of the British Empire and, as such, nurse a fondness for the former ‘Mother Land’ through the education process and yearn to own a part of ‘English Heritage’ at some time in the future.  As this child grows into an adult and accumulates wealth, power or both, one of their ambitions is to buy a property or properties in London where, very often, they also want to educate their children. Continue reading

The ‘Gaff Prone’ Mr. Carney Is ‘At It’ Again … Do We Think He Is Worth £870,000 Per Annum?

I wonder whether we are getting good value for our £870,000 per annum that we, the taxpayer, are ‘forking out’ for our esteemed Governor of The Bank of England Mr. Carney? Mmmm … rhetorical!

Ever since he has been ‘airlifted’ into the job, he has misread the Inflation and interest rate predictions by such a margin that he could be deemed amateuristic at best or reckless at worst. Continue reading

WITH OSBORNE’S PROPERTY TAX CHANGES, EVERYONE IS A LOSER

As we all know, the Chancellor of the then coalition government introduced penal Stamp Duty rates in the Autumn Statement of 2014, at the higher end of the property market, whilst at the same time gave away ‘Tax bribes’ at the lower end of the scale. This was done to supposedly reform the Stamp Duty Calculator from a hitherto ‘slab-sided’ system to a more ‘progressive version’ and to demonstrate that they could tax the ‘middle/upper classes’ just as easily as an aspiring Labour government could, with their Mansion Tax proposals at the time. Continue reading