Having been put on the back foot over his own tax affairs, Ken Livingstone has now challenged Boris Johnson over income from a TV production company. After the issue was raised in an LBC radio debate this morning, media sources claim a “red with rage” Boris confronted Ken “nose to nose” in a lift, ranting:
“You’re a f**king liar! You’re a f**king liar! You’re a f**king liar!”
Ken’s team are now briefing three questions that Boris Johnson should answer:
1: Did he pay income tax on all of his earnings from Finland Station? Can he categorically say that he didn’t receive any income through dividends and instead pay capital gains tax of 18% (rather than paying income tax at 40%)
2: When he sold his shareholdings in Finland Station to David Jeffcock and Barnaby Spurrier – did he pay income tax on the money that he received at 40%, or capital gains tax at 18%?
3: Did he employ anyone?
It’s all getting rather heated as the home straight looms.