Deputy Prime Minister Angela Rayner arrives in Downing Street, London, for a Cabinet meeting. Picture date: Tuesday September 2, 2025. PA Photo. Aaron Chown/PA Wire

Politically, this is fish in a barrel stuff. If you’re on the record saying that “every pound of tax that’s not delivered to the Chancellor of the Exchequer means that it damages our public services” [sic] and you’ve taken aim at your political opponents by claiming that “it’s one rule for them and one rule for the rest of us,” confessing to dramatically underpaying the amount of tax owed on a property transaction was never going to pass unnoticed.

It’s........

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