Neo-Laboural Tony Blair

The Guardian is reporting that Uncle Tony is raking in the dough since his retirement. But what is worrisome is the way those earnings are being reported. Indeed, if anything, no one is really sure how Blair Inc. generates revenue:

The accounts reveal that the company received “remuneration of £9,837,000 in connection with management services” from a limited liability partnership ultimately controlled by Blair. In the previous year Windrush Ventures Limited received £5.2m in remuneration for providing management services. Exactly what sort of management services are provided, and how the company derives its income, are impossible to determine as the accounts do not go into detail. Blair is legitimately taking advantage of laws allowing him to limit what his companies and partnerships must disclose. “It is baffling; these accounts make remarkably little sense,” said accountancy expert Richard Murphy of Tax Research UK, a firm that scrutinises company finances. “This limited disclosure is not within the spirit of the law. “

Blair Inc’s ‘baffling’ increase in earnings | Politics | The Observer

 

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