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Mps' Costs Rise At Twice Inflation Rate

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Should be pegged to 2.4% or even better the inflation target, watch them squeal then.

They wouldn't do that though, they know its all a lie.

http://www.telegraph.co.uk/news/main.jhtml.../27/nmps127.xml

MPs' costs rise at twice inflation rate

By Graeme Wilson, Political Correspondent

Last Updated: 2:02am BST 27/07/2007

Taxpayers have been left with a £95 million bill after the cost of MPs' allowances and expenses rose by twice the rate of inflation last year.

Figures released yesterday show that the amount spent on the various allowances for MPs' second homes, staff, travel and pensions rose by just under £5 million from £90.4 million in a period of only 12 months.

The 5.5 per cent increase is more than twice the current rate of inflation, which dipped slightly last month to just 2.4 per cent.

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It is also more than double the 2.5 per cent pay rise offered to nurses this year, though in England the increase is being introduced in two stages in April and November - a move that unions claim will reduce its value to just 1.9 per cent.

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The Additional Costs Allowance, which helps MPs pay for a second home in London, rose by just over five per cent from £10.9 million to £11.5 million. MPs can use this money to meet the interest payments on a mortgage, rent or hotel bills.

Millions can't afford to pay for their first home while MPs allowance helps them to pay for a second home in London. No wonder they don't give a toss about houseprices or its social implications.

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Should be pegged to 2.4% or even better the inflation target, watch them squeal then.

They wouldn't do that though, they know its all a lie.

http://www.telegraph.co.uk/news/main.jhtml.../27/nmps127.xml

MPs' costs rise at twice inflation rate

By Graeme Wilson, Political Correspondent

Last Updated: 2:02am BST 27/07/2007

Taxpayers have been left with a £95 million bill after the cost of MPs' allowances and expenses rose by twice the rate of inflation last year.

Figures released yesterday show that the amount spent on the various allowances for MPs' second homes, staff, travel and pensions rose by just under £5 million from £90.4 million in a period of only 12 months.

The 5.5 per cent increase is more than twice the current rate of inflation, which dipped slightly last month to just 2.4 per cent.

advertisement

It is also more than double the 2.5 per cent pay rise offered to nurses this year, though in England the increase is being introduced in two stages in April and November - a move that unions claim will reduce its value to just 1.9 per cent.

These floundering stooges certainly do not lead by example... :o:o

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Says everything about "independent" central banks that you need to know

http://www.smh.com.au/news/business/pms-lu...5647742241.html

PM's luck may have run out

MONDAY COMMENT

Other related coverage

* Ross Gittins: It's a rising CPI that could raise rates

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IF, AS is likely, the Reserve Bank board decides to raise the official interest rate another notch at its meeting next Tuesday, it will be a history-making occurrence.

It would be the first time interest rates had been increased so close to an election. Rates have never been raised during an election year in the time since the Reserve was granted its independence.

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Should be this, should be that, this aint fair, why is this so....?

Month after month we have these £6bn, £7bn, £7.5bn budget deficits. Stop moaning and buy gold. If they can't print it, they have to earn it, just like you and I.

You complain about the plunder yet you voluntarily allow it to take place by holding their paper garbage. If you hold any more than a months pay in paper at any one time then you are:-

A MUG!

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Gold is down from its 5 year peak. If you bought at the top, you'd be down! It may be a medium to long term play, but most want to live their lives.

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