Tuesday, 27 March 2012
Osborne Gives His Rich Mates Another Bonus.
The Budget contained a little hidden gem for George Osborne's rich mates it has been revealed today. Buried on page 63 and in the middle of a paragraph was a short line about tax allowances for the spouses of millionaires who are not domiciled in Britain. The change allows them transfer their entire £325,000 inheritence tax allowance to their spouses living abroad. We asked George Osborne, the Chief Spiv in the Tory party, why, at a time of austerity for most of us, this was necessary; "My chief reason was because I was afraid that the EU might mount a legal challenge. Not that they've said they would or even indicated that they know or care about the previous limits that Britain had placed on such transfers. Still, its better to be safe than sorry and you know how we Tories worry about what the EU thinks. I would also like to point out that this has nothing to do with all those lunches that David had with various millionaires who just so happen to have partners who, by coincidence, happen to live in foreign tax havens."