By Jill Reilly PUBLISHED: 09:23 EST, 1 May 2012 | UPDATED: 13:28 EST, 1 May 2012 As the race to be the next London Mayor reaches its crucial final days, candidate Ken Livingstone is facing embarrassing allegations that he earned up to £1.2million over the past three years, but still used a tax loophole to save more money. The figure is thought to be more than his rival current London Mayor Boris Johnson, was earning at some points in recent years. It has been claimed that by funnelling his wages into his company, the Labour candidate may have paid as little as 18 per cent tax, which saved him up to £220,000, according to The Sun.
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In the run up to Thursday's London Mayoral election, it is an embarrassing revelation for Mr Livingstone, who called tax avoiders 'rich b******s'
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A poll shows Mr Johnson is beating Mr Livingstone by 56 per cent to 44 per cent in the second round run-off
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