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TheCountOfNowhere

Osborne says hosuing bubble not government's Brexit priority

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From wikipedia

 

Quote

 

Backbencher

On 13 July 2016, following Theresa May's appointment as Prime Minister, Osborne was sacked and replaced as Chancellor by Philip Hammond. He thus returned to the backbenches. On 4 August 2016, it was revealed that Osborne had been made a Companion of Honour by outgoing Prime Minister David Cameron. Unlike Cameron, Osborne intends to remain an MP and stand for parliament again in 2020, although his Tatton constituency may disappear following proposed boundary changes. In September 2016, he launched the Northern Powerhouse Partnership, a body bringing together business leaders and politicians to promote regional devolution.[105][106]

By October 2016, he was writing a book called Age of Unreason; it is a diatribe against "populist nationalism". Osborne's lucrative speaking engagements for a range of financial institutions since his dismissal as Chancellor helped make him the highest earning MP in 2016. In February 2017 he will begin a role as a part-time advisor to BlackRock, the world's largest fund manager. The job was approved by the Advisory Committee on Business Appointments, which stated that during Osborne's time as Chancellor "there were no specific policy decisions ... that would have affected BlackRock", and the Treasury permanent secretary had "no concerns" about Osborne taking up the role.

 

My highlight.

 

 

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April 24 2015

https://www.ft.com/content/8ccb724e-e9da-11e4-ae1c-00144feab7de

Until now, BlackRock has only offered pensioners traditional mutual funds, investment trust and exchange traded funds. Its expansion into the UK drawdown market is in direct response to the pension freedomswhich came into force this month.

 

 

The Advisory Committee might well be right (or not) but somehow there still seems to be a conflict of interests.

 

Edited by billybong

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6 hours ago, nome said:

He's earned more money in the last 6 months than he earned in the previous 6 years in office.

Unless you take into his increased property equity...that he himself caused to rise

This man should go to prison, IMHO

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3 hours ago, TheCountOfNowhere said:

Unless you take into his increased property equity...that he himself caused to rise

This man should go to prison, IMHO

Quote

Chancellor George Osborne’s family business made £6 million in a property deal with a developer based in a tax haven, a Channel 4 News investigation has found.

Wallpaper firm Osborne & Little teamed up with a secretive corporation in the British Virgin Islands, to draw up plans to redevelop its former London headquarters into housing.

The companies jointly applied for planning permission for around 45 flats and houses, and once given the go-ahead, Osborne and Little sold its site to the offshore firm for £6,088,000.

A legal expert shown contracts obtained by Channel 4 News said Osborne & Little must have known the developer was based offshore, and had the potential to avoid millions in tax.

At the time, the Chancellor was the beneficiary of a family trust that owned at least 15% of Osborne and Little, so would have personally benefitted from the sale.

It is not known what the Chancellor’s personal stake was.

https://www.channel4.com/news/george-osborne-family-business-6m-deal-with-offshore-firm

 

 

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To the manor Osborne: Chancellor makes £450,000 profit selling his taxpayer-funded second home

The bumper payday is mainly thanks to public cash used to pay interest on monthly payments for the exclusive property

  • 00:00, 22 NOV 2012
  • Updated15:07, 3 DEC 2012

The bumper payday for Mr Osborne is mainly thanks to public cash used to pay interest on monthly payments for the exclusive property.

News of the deal comes as the Chancellor and David Cameron face a Tory backlash over the huge sums they are making renting out their London homes while living in Downing Street.

Mr Osborne bought Harrop Fold Farm, near Macclesfield for £445,000 in 2000.

Using his Commons allowances, he was claiming up to £1,900 a month in interest payments on the mortgage.

He then tried to rent the property before managing to sell it, without it going on the open market, for up to £900,000 this year.

Taxpayer-funded home loans were banned under a new Commons expenses system brought in to restore public trust in politics after the 2009 expenses scandal.

MPs were given until this summer to stop claiming but those who carried on after the election in 2010 have to pay a slice of the profit back to the Parliamentary authorities.

But because Mr Osborne stopped claiming expenses after the election he does not have to pay a penny back to the Parliamentary authorities.

Labour MP John Mann said it showed Mr Osborne was “unfit to govern”, adding: “People across the country have been forced to bear the brunt of his economic failures and brutal cuts. They will be disgusted by George Osborne’s greed.”

http://www.mirror.co.uk/news/uk-news/george-osborne-makes-450000-profit-1449641

 

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7 minutes ago, zugzwang said:

 

I'd like to make stuff up, but I'm not that clever.

That **** of a man used our taxes and our childrens future to make an untaxed unearned fortune from preoperty, AFAICS.

 

I have no problem with the make making money but politicians putting in place policies that hammer the poor and make them a few bob....that's a hanging offence in my book.

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On 2/2/2017 at 5:10 PM, nome said:

He's earned more money in the last 6 months than he earned in the previous 6 years in office.

He's earned   acquired/gotten/taken/been-gifted  more money in the last 6 months than he earned in the previous 6 years in office.

Just another filthy parasite destroying the people to fill his own stash of treasure via bad-will policies,  aided and abetted via his own policies,  cronyism on behalf of the 1%ers, scornful of the workers and unemployed alike.  What a piece of excrement.

Edited by steve99

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On 02/02/2017 at 5:05 PM, TheCountOfNowhere said:

I'd like to make stuff up, but I'm not that clever.

That **** of a man used our taxes and our childrens future to make an untaxed unearned fortune from preoperty, AFAICS.

 

I have no problem with the make making money but politicians putting in place policies that hammer the poor and make them a few bob....that's a hanging offence in my book.

+1

 

Disgusting man.

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