THE OPPOSITE OF 'NOBLE' IS 'IGNOBLE'

Our last story featured two men who have given a reasonable amount of money from their salaries to charity. Yes, they could afford to do it, but they most certainly didn’t have to. Their acts not only have benefited the charities that they favoured, but will have put pressure on other people in the Edinburgh scene to copy their acts of generosity.

Then there is “Lord” Ashcroft.

He was given a seat in the House of Lords, in the parliament of the UK, in 2000 after agreeing that he would live here and pay tax on his worldwide income. He gave his word to that effect to William Hague, the then leader of the Opposition, who boasted that Ashcroft's decision would benefit the Treasury to the tune of tens of millions of pounds a year.

However, 10 years later, Mr Ashcroft admitted that he had lied to his friend and had, in fact, never bothered to fulfil the conditions of his peerage, safe in the knowledge that, once given, a life peerage cannot be revoked.

Some friend! His actions, or rather inaction, has caused doubt to be cast on the judgement of Hague, who accepted him at his word and did not bother to check that these tens of millions were pouring into the Treasury coffers.

On April 6 of this year, as a result of the revelations in the Daily Telegraph and Times about the criminal activities and near-the-knuckle goings on in “their Lordships’ House”, Labour brought in a new law forcing Lords to pay tax on their worldwide income and assets.

So..... on April 5 of this year "His Nobleness" did what any money grubbing, second rate tightwad would do. He transferred ownership of his main UK company to a trust for the benefit of his children, who otherwise, of course, would be penniless when he died, thus saving the Treasury the bother of collecting millions in tax.

Interestingly, a month before the new law took effect Ashcroft said that he agreed with the new tax rules for the House of Lords. He left out that he didn’t agree with them for himself... only for other lesser lords.

None of this has strictly been illegal. Certainly, putting your money into a Trust so the Treasury can’t get their greedy hands on it, is perfectly legal. Many people have done it, including famously the Wintertons, so that they could avoid tax and continue to receive rent payments on an apartment they now owned (because we had paid the mortgage for them). It’s greedy, it’s despicable and it’s tax avoidance, which the government is pledged to reduce, but it’s legal.

The earlier stuff about lying to the leader of the Opposition in order to have him recommend you for a peerage is also probably not illegal. Ashcroft did some sort of a deal with the Treasury behind Hague’s back so he covered himself there. Our man is far too smart to actually break the law.

But doesn’t it contrast sharply with the previous story of decent men?

No wonder he is set to stand down as deputy chairman of the Tory party. He is not a credit to them, and I wouldn’t be surprised if Cameron had put his foot under the ignoble lord’s fat backside.

BBC’s Panorama, tonight at 8.30 is entitled “Lord Ashcroft’s Millions”. It should be worth an hour of our lives.