From the Mail:
When Nigel's golden touch let him down
The MEP, whose previous career was in the City as a trader of commodities such as tin and cocoa, has run into trouble with a company called Farage Ltd.
Six weeks before the Revenue lodged a High Court petition to wind up the firm, Mr Farage resigned as company secretary.
Not such a Midas touch: MEP Nigel Farage, whose previous career was in the City as a trader of commodities such as tin and cocoa, has run into trouble with a company called Farage Ltd
His son, Andrew, remains the sole director of the business, which is the subject of a ‘voluntary order’, which is one step from bankruptcy.
The company has liabilities of £135,677 and the taxman is the biggest creditor. It has also failed to file its annual return and accounts on time, which will lead to automatic financial penalties of thousands of pounds.
In his party’s recent by-election address in Eastleigh, Farage explained that UKIP wanted to ‘reduce everyone’s taxes, reintroduce free student grants, increase the size of the military and the police, put more people in prison, and enhance pensions’.
Such policies would cost the State a handsome sum and UKIP’s promises are unrealistic at the best of times — but they depend on all companies paying their taxes.
Read more: http://www.dailymail.co.uk/debate/article-2291210/When-Ukip-leader-Nigel-Farages-golden-touch-let-down.html#ixzz2NYhj7VOz