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Should MPs Declare Their House Ownership

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There is constant press reporting of the need for business executive to declare their financial intersts - rightly so. I am now wondering why MPs are not treated the same in that its becoming increasingly likely that fiscal policies are being biased in directions that favor MPs.

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Someone had a document a while back that showed what other house ownership MPs had - it was very interesting!!

Wish I'd kept it bookmarked.

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MPs are already required to declare this. Details are recorded in the Register of Members' Interests. Here are a few examples...

'Tony Blair MP':

http://www.theyworkforyou.com/mp/tony_blair/sedgefield

8. Land and Property

Two residential flats in Bristol from which rental income is received.

A residential house in London from which rental income is received.

'David Blunkett MP':

http://www.theyworkforyou.com/mp/david_blu...d%2C_brightside

8. Land and Property

Second home in London, from which I temporarily receive rental income.

'Gordon Brown MP':

http://www.theyworkforyou.com/mp/gordon_br...and_cowdenbeath

[No property interests listed.]

'Ruth Kelly MP':

http://www.theyworkforyou.com/mp/ruth_kelly/bolton_west

[No property interests listed.]

'John Prescott MP':

http://www.theyworkforyou.com/mp/john_pres..._upon_hull_east

Nil [No interests listed at all]

'Margaret Beckett MP':

http://www.theyworkforyou.com/mp/margaret_...ett/derby_south

Register of Members' Interests

[...snip...]

8. Land and Property

Residential rented property; flat in London.

'Michael Howard MP':

http://www.theyworkforyou.com/mp/michael_h...stone_and_hythe

Register of Members' Interests

[...snip...]

8. Land and Property

Flat, currently let, in London SW1.

'Charles Kennedy MP':

http://www.theyworkforyou.com/mp/charles_k...ye_and_lochaber

Register of Members' Interests

[...snip...]

8. Land and Property

Single bedroomed flat in London, from which a rental income is derived.

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The original source for the data is this:

http://www.publications.parliament.uk/pa/c...0214/memi02.htm

The campaign did some research on how MP's could avoid listing properties;

Category 8 "Land and property" has:

40. "Substantial income" means an income greater than 10 per cent of the current

parliamentary salary. If the income from a Member's total property

portfolio (including

homes and second homes) is substantial, all the properties from which

any income is

derived should be registered.

We queried the Standards Commissioner if that meant MP's would avoid declaring if any mortgage repayments took the net income below the 10% amount however they state it is 10% of their gross income.

Of course it won't stop BTL's being in an MP's spouses name.

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Thanks

this tells us all that we need to know! I scanned the list and clearly a majority of the House have their snouts in more than one property. Who thinks they genuinely care one iota about FTBs and who thinks they will make unbiased decisions when it comes to pressure on the BoE about interest rate policy?

Can you all hear the squeeling as they feed off the ponzi scheme?

I developed total distain for Britsh politicians when Equitable Life wrote to me confirming it was true that the MPs pensions scheme withdrew from their funds before the calamity. This was clearly timed to prevent MPs suffering the losses of people like me whos savings were crippled by the cheating liars at Equitable. I learned a simple lesson: never trust anyone else with any of your equity and never trust MPs who will act in their own interest.

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well what were you expecting ?

to become an mp you got to be pretty selfish individual to even make it in the regionals.

the days of honest to god politics died with the witch finder general. mps are ordinary people.

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I couldn't vote as I won't for the biased 2nd question and the poll will not accept just a vote for the first question.

:(

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Even if 99.9% of the population wanted the MP’s to be brought into line with everyone else in the UK it wouldn’t make one bit of difference as the political process is out of control and all the 3 parties are in bed together spending an ever increasing amount of our money.

Official complaints or the corrupt democratic process we have is not going to correct the situation and what we need is a revolution where power is returned to the people and our so called leaders are accountable for their action.

Yes sometimes you need to go backwards before you can go forward.

Edited by Justice

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  • 335 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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