A reminder ahead of this week's submissions to the Chancellor of the Exchequer .........The Financial Times has already exposed why VCTs are such a lousy investment and complete rip-off

https://www.ft.com/content/d6fd725b-3e6e-46a8-8c14-12b936e7cce8

and all based on data from the two crooks', Patrick Reeve and Will Fraser-Allen, very own Association of Investment Companies.


For those interested persons without a subscription, a copy is available at


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An interesting statistic:

VCTs only have to invest 30% of new money.

Tax relief is immediate 30% cash back.

So the Government is directly paying for the entire investment by VCTs without any participation in the upside - even Donald Trump isn't that duplicitous!

That is why Albion's sworn testimony and admission that VCTs are PONZI schemes needing endless rounds of fund raising is of such concern.
 
Is it any wonder that the UK is a failed State with ever increasing wealth divisions? 

Will Rachel "stop the rot" and tax VCT dividends to raise an immediate £130,000,000 per annum AND prevent a further £50,000,000 being paid out on the scam of tax relief on "reinvested dividends"? 

Why should secondary buyers on the LSE get tax-free false Dividends that are really capital returns to original investors and nothing to do with any profits? Another £50m per annum raised for Rachel? 

NB. no Parliament can bind its successor, so what the Tories did to extend the VCT scam is of no relevance and the Public would love it.




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[UPDATE 22 AUGUST... and Lo it came to pass...] Albion Capital Group and Howard Kennedy llp confirm to the High Court that all VCTs are Ponzi schemes.

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