I see the Tax-research site has had another go at me:
In essence, Cherie is setting up a private equity fund in Delaware and Cayman to invest in medical services centres to be located in Sainsbury's supermarkets. And yes, I would be pretty critical of that whoever did it. I'm quoted in the article saying:
The fundamental question is: why is the wife of a former Labour leader setting up something to challenge the NHS? If investment went into the health service instead of the government being forced to make cuts because people aren't paying tax, then we might have a proper healthcare system.
If Mrs Blair sets up a fund which is deliberately avoiding taxes due in the UK by locating to a tax-free haven such as the Caymans, she is doing something that is frankly contrary to all corporate and social responsibility.
Oh... sod off!