Isn’t insider trading a Tory evil?
“THE Chancellor is facing calls to reveal whether she inadvertently tipped off a Labour MP with a 2,200-acre family estate about her inheritance tax raid on farms.
The parents of Mid and South Pembrokeshire MP Henry Tufnell transferred ownership of Upper Coln Farm and Stud to his brother Albemarle just 20 days before the Budget.
This means the new ‘family farm tax’ won’t have to be paid on the land - thought to be worth more than £20million - when they pass away, provided they live until October 2031. It has raised questions over whether Mr Tufnell, known as the party’s ‘poshest’ MP, was informed about these changes in advance to avoid the levy.”