Friday, June 6, 2008

BTL Blairs

How Blair built his property portfolio on mortgage expenses payments

...a property portfolio of which a Russian oligarch would not be ashamed. This includes the Blairs' £4million mansion in London's Connaught Square with its £800,000 mews cottage, two flats in Bristol and Sir John Gielgud's former country estate in Buckinghamshire, recently bought for around £5million. You may wonder how on earth Blair arranged this. After all, while the former Prime Minister can now earn £500,000 a month from international speaking engagements, until a year ago he existed on his salary as an MP and then Premier - as well as on Cherie's legal work. However, the truth is that the couple's ability to build up their property portfolio is thanks partly to Parliament's scandalously ill-policed generosity towards our public representatives.

Posted by papabear @ 07:36 AM (370 views)
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