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Flight isn’t thinking what I am thinking

Howard Flight’s utterances as reported in Money Marketing last week are quite bizarre.

For him to say that there should be “hollering” for his return is rather putting the cart before the horse – surely politicians should respond to the call rather than make it themselves.

The “no heavyweights” claim is equally hubristic. Apart from Ken Clarke, who can claim a far greater degree of both business and governmental experience ex-Chancellor and director of BAT), has Mr Flight forgotten that John Gummer – an excellent constituency MP, again with Cabinet experience- has recently been appointed chairman of Aifa?

He will doubtless be fighting the IFA cause with the advantage of a well-won seat.

Mr Flight, by his extraordinary arrogance,has damaged rather than enhanced his ambitions.

He seems to be not only out of step with both party and his party leader but has now shown that he has little knowledge of or respect for his colleagues in the party.

He lost his job through disloyalty and little seems to have changed. Of course, he could always challenge for the leadership of the Tory party – ast least he would find out if his colleagues are thinking what he is thinking.

Derek Forbes

Forbes Management

Orford, Suffolk


No holds barred

Last week, I looked at how business and agricultural property can qualify for holdover relief if gifted with inherent gains. The other perhaps more relevant way to secure holdover relief is in respect of any gift of an asset into a discretionary trust. This is because the transfer will be a chargeable transfer for inheritance tax purposes.


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