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danlee74

M P Interests

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I have no doubt that a fair majority of MP's have a vested interest in keeping property prices high and I am sure it has been discussed here before now (but I cannot search for 'mp interests' in the search field) ... what I am wondering is, is there a central store of individual MP's property interests / portfolios?

If anyone could point me to a web site or to a thread on here detailing such info then I'd be most grateful.

Thanks in advance.

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I have no doubt that a fair majority of MP's have a vested interest in keeping property prices high and I am sure it has been discussed here before now (but I cannot search for 'mp interests' in the search field) ... what I am wondering is, is there a central store of individual MP's property interests / portfolios?

If anyone could point me to a web site or to a thread on here detailing such info then I'd be most grateful.

Thanks in advance.

Here you go - http://www.housepricecrash.co.uk/forum/index.php?showtopic=153979&st=0

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Some of that info may be out of date now - there's a lot to plough through here but if you search on google thus - MP "8 Land and Property" site:theyworkforyou.com - it comes up with the latest info...

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I have no doubt that a fair majority of MP's have a vested interest in keeping property prices high

In 2009 When the Telegraph first broke the expenses scandal.

Gordon Brown and LABOUR forced a three line whip, to try to exempt MP's second home expenses from the Freedom Of Information act.

From being made public.

Sir Ian Kennedy, chairman of the new Independent Parliamentary Standards Authority (Ipsa) ruled that Ministers should repay profits on their second homes.

However, that only applies to gains from November 2009!

So profits from massive House Price Increases UP TO November 2009, were locked in.

HPI was all cream for our elected officials.

[Profits from second homes needed to be backdated to 1997, or the beginning of an MP's tenure.]

The truth is that there was never any political will to enable the average person earning average wage to be able to afford an average house in a rising unregulated market, under a secret expenses system, where MP's were all flipping houses, making hundreds of thousands in personal profits.

Not one MP represented the interests of their property-less, taxpaying constituents.

It is not just that they used our money to profit, and paid no tax on the gains, it is also that it created a dangerous conflict of interest that meant that voting for policies which fed the house price bubble, for so many years, such as keeping IR too low for too long, CGT etc, also generated personal profits for them, in secret.

In any other profession this would be a criminal offence. It is market manipulation. Far worse than insider trading.

[Whilst MP's are allowed to profit in this fashion, we will never see a tax on BTL.]

If MPs had not been making personal profits on first, second, even third homes for all those years, in a secret, corrupt system, then rising house prices, the tripartite system, would have been examined a lot more closely.

Probably ten, twelve years ago.

Edited by Dan1

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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