Sunday, October 3, 2010

It's No Tax and Spend For Ed Miliband

It's not really a new story but the Sunday Times is reporting on Ed Miliband's utter hypocrisy in his exploitation of property tax loopholes. The article is hidden behind a pay wall, of course, but here's a link if you have access: Ed Miliband nets fortune with tax ruses.

Personally, I've not got a problem with him limiting the amount of money the state taxes his father's estate. The issue is "Red Ed's" attack on those who have done the same kind of thing in avoiding tax in his speech last week.

As I say, this is not a new story. It flared up last during the Labour leadership election when Ed M's camp threw mud at his older brother, accusing him of benefiting from exactly the sort of tax loop hole he himself benefited from. See Paul Waugh's piece in the Evening Standard.

What does this tell us about "Red Ed" Miliband? Probably not a lot more than we either knew or suspected about him in the first place. He's not the only leftist high profile figure to exhibit hypocrtical behaviour. Fellow leadership candidate, Diane Abbott sent her son to a private school despite wanting to deny the same opportunities to others. Harriet Harman did the same thing and Tony Blair sent his sons across London to a Grant Maintained school. Labour was opposed to running schools in such a way and proceeded to abolish them, thus denying others of the advantages. It wasn't long until he realised this was a mistake and reintroduced the idea in the form of Academies, so perhaps he can be forgiven? Labour's attack on Lord Ashcroft for being a non-dom was the height of hypocrisy as they had many non-dom financial supporters themselves, some in the Lords (you'll remember that a hefty donation to Labour bought one a peerage not so long ago).

I could go on. The point is, Ed Miliband will really struggle to portray himself as a break with the past. Especially the bits of the past that people most came to hate Labour for; the hypocrisy, lies and spin.

1 comment:

  1. Nicely put. No change at all really in terms of the last two 'leaders' Labour has had.
    Hypocritical? Yes
    Self Serving? Most definitely
    The kind of politician the country does not need? Looking more likely every day.