Re: " I'm already looking at tunnelling my home connection through a dedi in a DC "
"Didn't follow that, please expand and tell us more..."
Martin Summers summed it up nicely. The only difference is the server is in my country so local law enforcement can get a warrant if they want to monitor it, but being in a data centre, they will need a warrant. I'm not trying to hide from authorities, just get around consumer ISP dumbness for my home development environment - which is primarily used for hobby projects but often demo'd externally online.
I'll also be able to play with IPv6 and have multiple static IPs for my home network etc. - there are lots of benefits but it will make me look dodgy to the authorities.
Edit: Data centres in the UK aren't bound by the same rules as consumer ISPs.
Edit2: Yes DC = Data Centre, sorry :)