Tuesday, 24 April 2018

The Tories create laws to benefit themselves at the expense of the rest of us

In 2016 former Tory Chancellor George Osborne introduced a new 3% Stamp Duty rate for people buying property to rent out, but for some reason he decided to create an exemption for anyone purchasing more than six properties at the same time.

The very next year the Tory Health Secretary Jeremy Hunt took advantage of this loophole by purchasing seven luxury flats in Southampton, saving himself almost £100,000 in Stamp Duty.

Osborne's loophole was obviously designed to benefit the mega-rich with sufficient capital to purchase seven or more properties at once, but to see one of his actual Tory colleagues taking advantage of it just goes to show what a grotesque bunch they really are, designing legislation to benefit themselves and their mega-rich mates at the expense of everyone else.

The scandal doesn't stop there either. Jeremy Hunt also defied parliamentary ethics when he "forgot" to declare this investment on the parliamentary register of interests, and he also broke the law when he "forgot" to tell Companies House about his financial interest in the company used to buy the flats (an offence that could result in a two year prison sentence if it was one of us that did it, rather than a member of the privileged class).

This scandal reveals the sheer self-serving greed of the Tory party by proving that they design legislation to benefit them and their own class at the expense of the rest of us, but don't expect it to dominate the mainstream news because exposing this scandal runs entirely counter to the current primary objective of trying to ensure a poor Labour result at the local elections.

If this was one of Jeremy Corbyn's shadow ministers then we know they'd be hounded from pillar to post over it until they were forced into resigning, and how the scandal would dominate the headlines for days, but because it's a Tory member of the establishment class it'll receive very limited coverage, and Hunt will ride out the storm without even coming close to being under pressure to resign.

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