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Tempus

Tory MP Nadhim Zahawi owns property worth more than £25m

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"A Conservative MP has spent more than £25m buying a six-storey central London house and a string of commercial properties over the past three years, earning him hundreds of thousands of pounds a year in rental income on top of his parliamentary salary." https://www.theguardian.com/politics/2017/jan/03/tory-mp-nadhim-zahawi-owns-property-worth-more-than-25m

And, of course, I'm sure he's in politics to look after the interests of his ordinary constituents, not because it helps him get ever more richer.

They'll do everything to keep themselves enriched and so many of the current government MPs are enriched through property. The plebs can rent off them.

Edited by Tempus

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How does a MP on ~70k a year borrow that much money?

I see he's employed by that comedy oil company, Gulf Keystone.

Looks like a gamble to me. Id not touch commercial property in the UK.

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8 minutes ago, spyguy said:

How does a MP on ~70k a year borrow that much money?

I see he's employed by that comedy oil company, Gulf Keystone.

Looks like a gamble to me. Id not touch commercial property in the UK.

Yes let's hope he loses a packet. So outrage-fatigued, that's all I can muster :mellow:

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5 minutes ago, Gribble said:

He's from a culture steeped in corruption - see  Rahman etc

Which culture? LL or Indian subcontinent?

 

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Does anyone here still believe the government is going to try to help "ordinary people" "get on the housing ladder"?

Does anyone here still believe the government is against BTL? 

...ok.

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2 hours ago, Tempus said:

"A Conservative MP has spent more than £25m buying a six-storey central London house and a string of commercial properties over the past three years, earning him hundreds of thousands of pounds a year in rental income

That's a yield of less than 4%. He should have bought equities instead.

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From the article it sounds like his job as MP is a bit of a sideline - he gained his seat in 2010 so he's already been voted in twice. 

 

Quote

.

Quote


https://en.wikipedia.org/wiki/Stratford-on-Avon_(UK_Parliament_constituency)

Since its recreation in 1950, the seat has elected only Conservatives. The earliest member was noted for his personal life scandal, John Profumo and one member for two years served on the benches of the Labour Party, choosing to cross the floor.

 

 

"They work for you" - what a laugh.

Edited by billybong

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How does an MP have enough time free to earn £20k a month as a consultant for an oil company?

He is either neglecting work he should be doing in Stratford-upon-Avon or blatantly being paid to secure access to government for an oil company. 

Both should be sackable offences.

It is like when MPs get given huge advances for books that never appear. See Gove and his advances from News International over the years.

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GKP, it was a decent oil play, on the way up, well, until the market turned. They had a share consolidation, it was sub 2p in old money.

gkp.png

On the stock bulletin boards, I heard someone lose £1m on this stock. (I don't know if it's true)

Edited by 200p

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5 minutes ago, 200p said:

GKP, it was a decent oil play, well, until the bust. They had a share consolidation, it was sub 2p in old money.

gkp.png

On the stock bulletin boards, I heard someone lose £1m on this stock. (I don't know if it's true)

Its a muppet stock. Pretent reserves, pretend company.

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Tory grifter has form already.

http://www.bbc.co.uk/news/uk-england-24887143

Quote

A Conservative MP has apologised for claiming parliamentary expenses for electricity to supply his stables and a mobile home in the stable yard.

The expenses relate to Nadhim Zahawi's second home in the village of Tysoe, near Banbury, in his constituency of Stratford on Avon in Warwickshire.

The MP said he had contacted the expenses watchdog.

The Sunday Mirror reported last week that Mr Zahawi had claimed some £6,000 in the year up to March.

Mr Zahawi said the watchdog, the Independent Parliamentary Standards Authority, had included claims for the previous year and the figure was nearer £4,000.

In a statement issued on Saturday, he said: "I have been looking into this matter further and can confirm that all claims for heating fuel relate purely to my second home.

"However, I have made a mistake with my electricity claims.

"On investigation I have discovered that electricity for a mobile home located in the stable yard, and electricity for the stables themselves, was linked to my house.

"Whilst a meter was installed in the stable yard, I have only been receiving one bill; it was wrong to assume I was receiving two and to have not checked this sooner.

"I am mortified by this mistake and apologise unreservedly for it. I will obviously be paying back any money that was wrongly claimed immediately."

 

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31 minutes ago, Si1 said:

That unreserved apology, falling short of resigning as an MP then? 

 

Have we found our new Michael Green?

Philip Meacher?

Sir Nadhim Green.

I think hes the new Jeffrey.

Really. WTF ihas he not be kicked out?

If GK was a proper compnat, than an directorship is OK.

But 20k/month FFS.

Its not like he appears to have a legitimate source for money before being an MP.

 

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