Jump to content
House Price Crash Forum
Sign in to follow this  
Papa Lazarou

Conflict Of Interest Of Political Parties- Labour Party Properties Limited (Lppl)

Recommended Posts

Hi all,

This may be common knowledge but I didn't know this myself; The Labour Party has its own property company. Labour Party Properties Limited (LPPL). and several Labour politicians are on the rich list, where their main interest is in property.

http://www.telegraph.co.uk/news/politics/labour/10471476/Labour-Party-cashed-in-on-cheap-loans-from-Co-op.html

http://www.leftfutures.org/2013/04/labour-politicians-on-the-rich-list/

I am not suggesting it's just Labour, no doubt all the political parties are doing the same.

My issue is this.... This is a MASSIVE conflict of interest. How can any political party be trusted to do what is right for the population when their own personal wealth and party bottom line profit is directly affected by any decision they make?

The financial services sector under the FCA/PRA are (attempted to be) regulated in such a way so as to eradicate conflicts of interest, insider trading etc etc. Yet the blatant conflict of interest of a political party making investments which can be made more profitable by their policy decisions, as well as the ability to perform insider trading by getting the insider nod on future policy seems completely unregulated?

No wonder every politician and political party seems to be really struggling with finding a way to solve the housing crisis which would result in the reduction of rents and house prices!! Because it is in their interests both personally and as a party not to. If it were just the individuals then they could argue amongst themselves for what is right. But when the party they work for is invested they will never argue against it. All will toe the same line as that which brings in money for the party.

How can you have faith of fairness in a rigged system like that? How is it morally right? The moral hazard is huge too. As far as I am concerned any party that is invested in property whilst spouting their concern about high rents and high house prices are not to be trusted.

I may be on the slow side with realising the political parties themselves were invested in property, but this has knocked the stuffing out of me. I have no faith in our system any more.

Share this post


Link to post
Share on other sites

My MP (Conservative) uses taxpayer's money via expenses to rent office space at a market rate in the local Conservative Club. I don't know if this office space has ever been offered on the market.

His Labour opposition candidate for the next GE already has his hands in the till- he owns a property in London which is currently rented out to a Labour MP.

The diversion of taxpayer money to private individuals and parties is endemic in our political system, the parties are going broke as their membership dies off (quite literally!) and thus the overwhelming impetus is to trouser even more to make up the shortfall from subs etc.

The remaining turds in the pool have even more space to roam unencumbered. Until we flush them away..

Share this post


Link to post
Share on other sites

My MP (Conservative) uses taxpayer's money via expenses to rent office space at a market rate in the local Conservative Club. I don't know if this office space has ever been offered on the market.

His Labour opposition candidate for the next GE already has his hands in the till- he owns a property in London which is currently rented out to a Labour MP.

The diversion of taxpayer money to private individuals and parties is endemic in our political system, the parties are going broke as their membership dies off (quite literally!) and thus the overwhelming impetus is to trouser even more to make up the shortfall from subs etc.

The remaining turds in the pool have even more space to roam unencumbered. Until we flush them away..

As they say, politics is showbusiness for ugly people.

In a financial sense too it seems.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   211 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.