CHANCELLOR Philip Hammond holds an interest in a company that paid just £5,964 in tax despite it making £1.6 million in profits since he joined the government in 2010.
One of the directors at the construction firm Chiswell (Moorgate) Limited is an accountant who specialises in mitigating tax, according to the investigation by the Mail on Sunday.
The tax paid equates to an effective rate of 0.4 per cent — way below the standard 19 per cent corporation tax rate.
Years of underfunding are eroding Scotland’s local services and deepening inequality in communities, says VINCE MILLS
It is rather strange that Labour continues to give prestigious roles to inappropriate, controversy-mired businessmen who are also major Tory donors. What could Labour possibly be hoping to get out of it, asks SOLOMON HUGHES



