Starmer's vision quest

[midlandsgrimpeur]

"To show an unfelt sorrow is an office Which the false man does easy."

I love the mock indignation of your average right winger. Bleats on about lefty hypocrisy yet strangely never call it out on their own side. Didn't see many comments from the right side of the forum on Badenoch bullshitting about medical school 🤔

 

[Pross]

It's not just the stamp duty now: it also appears she used funds from her disabled son's trust fund to purchase her Hove flat.
https://www.telegraph.co.uk/politic...isabled-son-nhs-compensation-buy-second-home/

Am I missing the idea of a trust fund? I thought the idea was that it is administered by Trustees? I haven’t been following the story but if this place was bought as an investment then presumably that would be legitimate use of a trust fund?

 

[Shortfall]

"To show an unfelt sorrow is an office Which the false man does easy."

I love the mock indignation of your average right winger. Bleats on about lefty hypocrisy yet strangely never call it out on their own side. Didn't see many comments from the right side of the forum on Badenoch bullshitting about medical school 🤔

Not that you'd know this unless you were on the Bike Radar forum but I was very critical.of the previous Tory government. I also wrote this back in July Post in thread 'Starmer's vision quest' https://ncap.cyclechat.net/threads/starmers-vision-quest.32/post-129266 In other words if you're including me in your criticism you'd be wrong.

Anyway back on topic, what are you views on the Angie Rayner story?

 

[spen666]

Rayner is currently 2/1 and Reeves 15/8.
https://www.oddschecker.com/politics/british-politics/next-cabinet-member-to-leave/winner

That is individual odds, I was asking about All 3, not any individual.

 

[CXRAndy]

The optics of using your child's trust money as a deposit on your new home, which he doesn't live in-looks really bad

 

[Stevo 666]

That is individual odds, I was asking about All 3, not any individual.

I know, that was the closest I could get.

 

[Dorset Boy]

If the trust fund owned any part of the Hove property, and Angela R lived there without her son, then she should be paying rent to the trust on the part owned by the trust.
What you can or can't do with a trust will depend on the wordings within the trust and the type of trust it is.
There may have been a provision for her to borrow from the trust for example. Trusts are horrendously complicated things.

It is strange how the party that vowed to bring higher standards to public office patently hasn't, yet there seems to be an eerie silence from many of those most vocal about the misdemeanours of the last governments......

 

[CXRAndy]

It is strange how the party that vowed to bring higher standards to public office patently hasn't, yet there seems to be an eerie silence from many of those most vocal about the misdemeanours of the last governments......

Instantly labour came into power, they were exposed for having their nose on the trough.

Seems such a long time ago, when clothes and concert tickets was brought to the publics attention

Anyhow, Rayner has a new rap song

This is going to run and run


View: https://x.com/HoodedClaw1974/status/1963483803986337810?t=z2JwN8ZkmY85pw2kjIYjpA&s=19

 

[BoldonLad]

Am I missing the idea of a trust fund? I thought the idea was that it is administered by Trustees? I haven’t been following the story but if this place was bought as an investment then presumably that would be legitimate use of a trust fund?

The BBC interview with Rayner on News, she said, she sold her existing property to the trust fund, and, raised a mortgage to buy the flat.

Not illegal, I am sure, but, a dodge worthy of Boris or the average Tory, to dodge owning two properties, and, thus, paying more stamp duty.

I would have done the same, in those circumstances, but, I don’t stand up shouting “”Tory scum” etc.

 

[matticus]

Not that you'd know this unless you were on the Bike Radar forum but I was very critical.of the previous Tory government.

You made it very clear that you are pro-Sunak, pro-Conservatives:

The choice we had at the last election was Sunak or Starmer. Whilst accepting all the dreadful things that happened under 15 years of the Conservatives, I think a Sunak led Tory government would have been less bad than what we now have. I don't even want to imagine how awful it will be with either Rayner or Phillips as Prime Minister but we're probably going to find out quite soon.

 

[spen666]

If the trust fund owned any part of the Hove property, and Angela R lived there without her son, then she should be paying rent to the trust on the part owned by the trust.
What you can or can't do with a trust will depend on the wordings within the trust and the type of trust it is.
There may have been a provision for her to borrow from the trust for example. Trusts are horrendously complicated things.

It is strange how the party that vowed to bring higher standards to public office patently hasn't, yet there seems to be an eerie silence from many of those most vocal about the misdemeanours of the last governments......

My understanding is she "sold" her share of the Ashton property to the trust fund and used the proceeds she received to buy the property in Hove. my understanding is the trust fund has no interest in the Hove property, so rent etc is not an issue for the Hove property

 

[Psamathe]

I seem to be changing my views re: Ms Rayner. Previously thinking it was a non-story, having heard her interviews yesterday, there are quite a few significant concerns about her capability to be so senior in Government.

One aspect overlooked by many is that a very major part of her job is selecting and briefing experts and taking their advice or seeking further advice. Either way you look at this clearly either she is useless at selecting capable experts or she is useless at briefing them - either scenario suggests she's out of her depth in her role in Government. If she can't sort out legal advice on buying a house and paying tax, what chance far more complex considerations and far more sign ificant decisions required for her role in Government can be handled.

Trusts are not complex. Primary residence is not complex.

 

[Dorset Boy]

Psamathe - I beg to differ. Trusts often are complex.
However i agre with the rest of your post.

 

[bobzmyunkle]

One aspect overlooked by many is that a very major part of her job is selecting and briefing experts and taking their advice or seeking further advice. Either way you look at this clearly either she is useless at selecting capable experts or she is useless at briefing them - either scenario suggests she's out of her depth in her role in Government. If she can't sort out legal advice on buying a house and paying tax, what chance far more complex considerations and far more sign ificant decisions required for her role in Government can be handled.

Perhaps you give her too much credit. It might have been a genuine error, more likely the only error was to think she could get away with it. Either way she's obviously not up to the job, or if she is she's lost the public's confidence.

 

[Pross]

The BBC interview with Rayner on News, she said, she sold her existing property to the trust fund, and, raised a mortgage to buy the flat.

Not illegal, I am sure, but, a dodge worthy of Boris or the average Tory, to dodge owning two properties, and, thus, paying more stamp duty.

I would have done the same, in those circumstances, but, I don’t stand up shouting “”Tory scum” etc.

I think we learned from the expenses scandal that these things cross Party lines. The irony is that there are some on here crying hypocrisy that have previously defended questionable financial management by Tory politicians. It's strange how hypocrisy is only ever committed by those you disagree with. It really doesn't help the state of UK politics when politicians keep handing ammunition to the cynics who say they all have their noses in the trough. I feel sympathy for those politicians on all sides that are in the job genuinely trying to make a difference, I'm sure there are still quite a lot of them but by their nature they maybe don't claw their way up the greasy pole so well.