The paradise papers have given an interesting insight into how the world of money actually works yet the practical economic lessons are being ignored. For example, if you set an acceptable tax rate wealth gets diverted to your shores; squeeze too hard then the money moves elsewhere.

Taxes are frequently used by the state as a deterrent from certain actions and the same principle applies to choosing where to bank your savings. The other lesson is to avoid spending more than you earn, that way you acquire the capital to make an investment in the first place.

Regarding the involvement of the Queen, we might benefit from abolishing the office of chancellor and let her staff manage the treasury instead as clearly they would do a much better job looking after the nation's finances than anybody in Westminster could ever hope.

It is the politicians that make the rules so what right do they have to complain when the rich and famous follow them? The only crime committed here is the theft of confidential information which will undoubtedly go unpunished. Before you make judgement, ask yourself, have you ever sought to legally reduce your tax bill and would you mind if someone leaked that information to the press? And as for the Labour leader's efforts to score political points from this, keep your Marxist hands off the monarchy.

Dr Scott Marmion, Woodthorpe, York