George Osborne family business’ £6 million offshore deal

‘Chancellor George Osborne’s family business made £6 million in a property deal with a developer based in a tax haven, a Channel 4 News investigation has found.

Wallpaper firm Osborne & Little teamed up with a secretive corporation in the British Virgin Islands, to draw up plans to redevelop its former London headquarters into housing.

The companies jointly applied for planning permission for around 45 flats and houses, and once given the go-ahead, Osborne and Little sold its site to the offshore firm for £6,088,000.’

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