Starmer’s chronicles

[1andrew1]

A matter of when not if she goes. Someone in her position has to take the best advice in her personal finances and have it watertight if challenged.

Starmer will stay.

Rayner was a potential threat at one stage so he kept her close. I doubt he'll lose too much sleep when she goes with a tarnished reputation.

[TheDaddy]

Originally Posted by papa smurf

Angela Rayner's lawyers say they never gave her tax advice in huge blow
Lawyers that handled purchase of Deputy Prime Minister's flat say they are being made 'scapegoats'

https://www.express.co.uk/news/polit...rty-stamp-duty

Doesn't matter if they did give her advice, she didn't need to follow it and is solely accountable, another thing, she has been an MP 10 years, how is she worth nearly 5 million quid, it stinks

You’re right, she is accountable - personal responsibility.

Can I ask - where did the £5 million figure come from?

[nomadking]

Originally Posted by Hugh

You’re right, she is accountable - personal responsibility.

Can I ask - where did the £5 million figure come from?

This seems to be where it all started.
Link
They must count future potential earnings, as no way was she worth $3.7m in 2019.
The only equity in any property she has is the £150,000 deposit on the Brighton flat.

[1andrew1]

Originally Posted by nomadking

This seems to be where it all started.
Link
They must count future potential earnings, as no way was she worth $3.7m in 2019.
The only equity in any property she has is the £150,000 deposit on the Brighton flat.

That's just a made-up figure by an advertising-led website most people won't have come across until that article. They'll doubtless be happy by all the extra clicks.

[nomadking]

Originally Posted by 1andrew1

That's just a made-up figure by an advertising-led website most people won't have come across until that article. They'll doubtless be happy by all the extra clicks.

The Daily Record picked up on it. That's how I found it. Hugh asked the question.

[Sephiroth]

Originally Posted by nomadking

This seems to be where it all started.
Link
They must count future potential earnings, as no way was she worth $3.7m in 2019.
The only equity in any property she has is the £150,000 deposit on the Brighton flat.

Exactly what I thought. Six figure salary; 20% deposit; no other property that we know about.

Her come-uppance is that her vitriol against her perception of non-ordinary-working-people is now biting her back. The very essence of an untenable position.

She has to go, really. I can understand that the circumstances of the purchase seem quite complicated, but if nothing else, she is Labour's attack dog who's gone after the Tories for things like these. Live by the sword, die by the sword.

It's not the first one either. The first one was when she declared the 'wrong' home as her primary residence, even though she was technically spending more time in a different one. That passed because it had more to do with her personal relationship, and people can accept that people in relationships don't immediately declare their primary residence as the one they're currently spending more time in. But this is worse, it's another scandal and she is Minister for Housing.

Originally Posted by nomadking

This seems to be where it all started.
Link
They must count future potential earnings, as no way was she worth $3.7m in 2019.
The only equity in any property she has is the £150,000 deposit on the Brighton flat.

Thank you

[Sephiroth]

It’s so dead simple. In addition to being a vitriolic person, Rayner is an MP with important responsibilities that take her up to c. £150K salary. Her net worth is her deposit on the Hove property. The reason for choosing Hove? Safer future seat. Self parachuting.

All the ministers rallying around her are bringing Labour into even greater disrepute. Millions of Tory ‘****’ like me see this episode as just desserts.

[nomadking]

Originally Posted by Damien

She has to go, really. I can understand that the circumstances of the purchase seem quite complicated, but if nothing else, she is Labour's attack dog who's gone after the Tories for things like these. Live by the sword, die by the sword.

It's not the first one either. The first one was when she declared the 'wrong' home as her primary residence, even though she was technically spending more time in a different one. That passed because it had more to do with her personal relationship, and people can accept that people in relationships don't immediately declare their primary residence as the one they're currently spending more time in. But this is worse, it's another scandal and she is Minister for Housing.

The primary issue here isn't about designation of residences. The issue is that technically she still owned part of an interest in the Ashton-under-Lyne house, because the trust was for somebody under the age of 18.
GOV.UK rules

Include any residential property that:
is owned on behalf of children under the age of 18 (parents are treated as the owners even if the property is held through a trust and they are not the trustees)

That meant she owned 2 properties.

Issues surrounding the transfers of ownership and the reassessment of mortgages on the Ashton-under-Lyne property should be looked into.
Is the trust paying part of the mortgage now? Why was she conveniently allowed to withdraw £162,500 from her disabled son's trust fund. Sounds all planned in advance.

[papa smurf]

Angela Rayner is expected to leave her Government jobs over her tax affairs.

Ms Rayner could quit as soon as Friday, days after admitting that she had failed to pay a £40,000 tax bill on the purchase of her seaside home.

A decision is now believed to have been made on her future and she is expected to leave today, Sky News and The Times first reported.

https://www.telegraph.co.uk/politics...-house-report/

At least this is progress from their usual approach of letting it build and build for weeks before finally doing what they should have done from the start. It's been, what, a week?

[papa smurf]

Starmer has the tax fiddle report

sky news reporting she's resigned from gov and deputy leader



https://news.sky.com/story/politics-...eform-12593360

[nomadking]

Official now.

Angela Rayner resigns from government

Link
How is she going to afford the Brighton flat, especially as she also loses the "grace and favour" home.

Will the report be published? Or has her resignation sidestepped that?