Nigel Farage has repeatedly issued a firm financial stake denial. This addresses a controversy surrounding a house purchase. Specifically, the Reform UK leader’s partner bought an £885,000 home. Importantly, the property is in his Clacton constituency. Consequently, questions arose about its funding.
The report focused on how Laure Ferrari, his partner, afforded the home. Notably, she purchased it without any mortgage. Therefore, Farage faced accusations of potential tax avoidance. However, he strongly denies these allegations.
Furthermore, Farage explained the money’s origin. He stated the funds were legally his partner’s. He emphasized the property deeds are solely in her name. Additionally, the council tax is also under her name. He suggested her wealthy French family provided the means.
Their examination of French records showed no proof. Specifically, they found no evidence her parents could fund it. Moreover, Ms. Ferrari’s own company shows limited financial activity. Its latest accounts list only £1,000 in assets.
Previously, Farage had claimed he bought a house. He made this statement in interviews after his election. However, Land Registry documents later revealed the truth. They show Ms. Ferrari as the sole owner.
This situation creates potential hypocrisy. Recently, Farage criticized Labour’s Angela Rayner. He accused her of avoiding stamp duty. Therefore, if he provided the funds, it would be damaging. It would open him to similar charges.
However, Farage continues his financial stake denial. Reporters pressed him on the funding source. He stated, “No. No, no, no”. He also mentioned seeking expensive legal advice. Also, he visited a King’s Counsel tax expert for confirmation. He wanted to ensure everything was legal and correct.
Finally, he expressed frustration with the media coverage. He said it was a very expensive week. He also warned that some reports strayed into libel. His solicitors later confirmed written advice. It concluded there was no underpayment of stamp duty. Ultimately, this ongoing financial stake denial defines his response to the scandal. This financial stake denial aims to quell accusations and protect his reputation.
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