Report: "Donald Trump's Scottish golf courses lost more than £9 million last year"

The Daily Mail's Jenny Awford reports on losses for Trump Turberry and Trump Aberdeen that resulted in no UK corporate taxes. While the £9 million loss is eye-opening, the 2015 losses at Turnberry are easily explained by a closure for substantial renovations. Which, as I noted, turned out very well.

More eye-opening for Trump are the continued losses at Trump International Golf Links, a regular occurrence since the Martin Hawtree design opened in 2012.

But company accounts reveal the resort has lost money for the fourth year in a row since Trump struck the first ball at the championship 18-hole golf course.

It made a loss of £1million last year compared to losses of £1.1million in 2014, £1.8million in 2013 and £1.7million in 2012.