ChatterBank1 min ago
No more 2nd mortgages for MPs
What fantastic news in today's press, if it come true. It's proposed that MPs must rent their second homes and not claim mortgage interest on second homes. In addition they will be unable to employ members of their familes. MPs who live within one hours train travel from Westminster can't claim for second homes or travel expenses either.
The only downside is it will take 5 years to bring these reforms in. I would suggest they are introduced from the next General Election onwards. Any MP who doen't like it can stand down and let some one who wants to do the job take their place.
The only downside is it will take 5 years to bring these reforms in. I would suggest they are introduced from the next General Election onwards. Any MP who doen't like it can stand down and let some one who wants to do the job take their place.
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They could move into the Olympic Village after 2012. Jubilee line straight to work. Two birds killed with one stone.
As for them claiming rent instead of mortgage payments - does anyone know if that will actually make a difference? It'd mean they wouldn't actually end up owning the place, but what difference would that make to the taxpayer?
As for them claiming rent instead of mortgage payments - does anyone know if that will actually make a difference? It'd mean they wouldn't actually end up owning the place, but what difference would that make to the taxpayer?
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