Ah…….that heady aroma of a media-generated mélange of schadenfreude and disinformation!
Ian Cameron’s FUND, Blairmore Holdings was never a “Trust”. It was a Hedge Fund which invested in no more than the sort of equities etc that one finds in any other fund.
Cameron Junior and his unfortunate wife, Sam may well have invested in the old man’s business – probably because the fund was generating very high returns.
One of the factors to be taken into consideration when investing is the tax regime. Here in the UK, for instance, the Exchequer helps itself to Stamp Duty when you invest …………and then, if you are domiciled in the UK, it helps itself to some more by way of Capital Gains Tax .
THAT is why is is often preferable to invest where you do not get screwed at both ends of a transaction.
Very often, an investment choice is driven by prudence rather than naughtiness.
I DO wish that some journos would do their f****** homework! Especially the No 10 Press Office.
On the other hand, one can forgive the ignorance of MPs – because that is what they do!
For instance, did you hear Minister of State for Small Business, Industry and Enterprise, Anna Soubry on PMQs last night? Talk about being promoted to above your level of incompetence!
Cameron must be so proud!