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Labour MPs receive free assistance from PwC

Labour MPs receive free assistance from PwC

Contractor accountants were no doubt interested to learn that some members of the profession have been showering free advice on the opposition.

Nine labour MPs have had free assistance, valued at more than £270,000 from PricewaterhouseCoopers. The accountancy giant helps its clients take advantage of tax avoidance schemes and some people may wonder how much tax Ed Balls, Caroline Flint, Jim Murphy, and the other beneficiaries of this free help, have been able to save since the last General Election.

One labour MP recently warned that the opposition was treading on dangerous ground and suggested that PwC might receive preferential treatment if it bid for government contracts when Labour gets back into power.

PwC has won contracts in both local and central government in the last few years. It also acts as an advisor to Barclays, the bank recently ordered to pay £500 million to the Revenue after it emerged it was engaging in aggressive tax planning activities.

It’s not necessarily unusual for MPs to receive assistance from accountancy firms; senior Tories such as Philip Hammond, Oliver Letwin and Francis Maude received help from PwC while the party was in opposition. However, PwC staff are now being seconded to frontbenchers on a much larger scale.

John Mann, a member of the Labour party who sits on the Treasury select committee claimed there was a PwC caucus within the current parliament. He suggested that if the firm were good citizens, all MPs would receive free assistance, but they only appear to help potential ministers who could in the future have the power to award lucrative contracts. He went on to urge Labour to examine the relationships.

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Image: Labour_Red_Rose_CMYK.jpg by The Labour Party

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