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Observer: He's Worth Millions. And We're All Paying For His London Home.

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'He's worth millions. And we're all paying for his London home':

http://observer.guardian.co.uk/politics/st...1764618,00.html

As a multi-millionaire by marriage, it is hardly surprising that Shaun Woodward should boast a property portfolio to make his fellow ministers envious.

[...snip...]

What many may find a little more startling is the knowledge that the taxpayer is contributing to his desirable lifestyle. Woodward, whose wife Camilla is a scion of the Sainsbury supermarket family, claimed £20,092 -- to the penny, the maximum allowed by Commons authorities -- in the last recorded year in 'additional costs allowance', the fund designed to allow MPs to maintain a second home so that they can carry out their parliamentary duties between constituency and Westminster.

Woodward's claim for 2004-5 was his largest, but over the past four years he has claimed £71,719.

Even more surprisingly, the money does not go towards his constituency home in St Helens -- a modest redbrick terrace bought without a mortgage for only £55,000 - but to his rather more expensive apartment on London's fashionable South Bank.

[...snip...]

Woodward's entry on the register of members' interests includes rents from flats in London and France; an estate in Oxfordshire -- Sarsdens House is thought to have been sold earlier this year for a rumoured £25m; a plot of land in the West Indies; and a home in New York state. In addition, he and his wife, Camilla, own the house in St Helens. Land registry records show his south London apartment was bought with a mortgage for £1.35m. As a Northern Ireland minister, he also has the use of rooms at the official residence of Hillsborough Castle.

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If I was running for office, one of my pledges would be to take on the mean average salary and only the take kind of expenses normal workers would be entitled to.

For most MPs, it's clearly a part-time sinecure while they happily line their own pockets, either in myriad other jobs or simply stealing from the taxpayer.

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Given the incompetence over the released criminals can you IMAGINE the amount of loop-holes being exploited and malpractice that goes on with all these expense fiddling schemes.

I hope the press blow the lid on all the b@stards.

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They're no different to many government employees. For example the military serving in Germany and other locations overseas earn their UK salary plus an overseas allowence. They also are allowed tax free and VAT free goods purchased from the UK and tax and VAT free cars. Tax and VAT free fuel, access to US PX's selling vat and tax free goods etc etc. Alcohol and cigarettes are for all intents and purposes - free. Well known amongst service personel as the 'gravey train'. Many purchase expensive vehicles at huge savings and bring them back to the UK for resale using their maximun entitlement between husband and wife to lucrative effect. These allowences or similar are also picked up by UK nationals seving abroad in other government jobs, ie the diplomatic service. Been going on for decades.

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If I was running for office, one of my pledges would be to take on the mean average salary and only the take kind of expenses normal workers would be entitled to.

Tommy Sheridan the Scottish socialist MSP does just that.

and guess what ? the press and joe public rip him to pieces for it saying he is patronising etc.

most people prefer the pigs with their noses in the trough.

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'He's worth millions. And we're all paying for his London home':

http://observer.guardian.co.uk/politics/st...1764618,00.html

I don't particularly see the problem with this, if he's claiming expenses as allowed as part of the job. It's not this person's fault; if the system is wrong, criticise the system. I have lots of savings - should I not claim expenses back at my place of work?

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Another good story on the same site (doesnt seem to have been posted before)

Revealed - what really goes on in the buy-to-let millionaire clubs

Investment: Court told of property wrangle. Tony Levene reports

Saturday March 25, 2006

The Guardian

The inner workings of a huge buy-to-let investment operation were laid bare this week in a London courtroom. The case, which pivoted on the degree of expertise and experience in part of Britain's biggest buy-to-let operation, could raise questions among investors and potential investors.

http://money.guardian.co.uk/investments/al...1739078,00.html

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  • 301 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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