UK MPS IN LANDLORDS' RACKET - UPDATED 22 May, 2015

UPDATED: 22 May, 2015  --  In my opinion nothing had been done to stop this racket which cost the taxpayers hundreds of thousands of pounds. Most of them are friends of Cameron and therefore a blind eye is turned towards it

UPDATE:  23 July 2014 -- As always when one scandal gets overtaken by other news the first one dies a natural death and sure enough nothing had been done apart from promises that they will stop renting. This again Mr Cameron and his Cabinet failed in their leadership to see the matter effectively through.
  

UPDATE 20 OCTOBER 2012  --- The latest news on the subject is that the MPs could (please note the word - could) be banned from renting homes from each other. The Parliamentary Watchdog promised to look into it and closing the loophole. It is amazing when their is a scandal there is always a Labour MP being pointed at. Although being Labour and for what it should stand for it is twice as wrong.


Already the Independent Parliamentary Standards Authority indicated that MPs will still be allowed to claim rent at the same time as they letting their property to other tenants. So far 27 MPs had been found out to claim rent and letting their property to others. Apparently they also moved out of their homes into rented accommodation when the rules changed and they were not being able to claim for mortgage interest. 

A new revelation of MPs furthering their income is they are renting out their property to their own colleagues. Herewith they have a guaranteed income, the MPs who renting the property claiming it on their expenses and the taxpayer pays for it. This method ensures that the owners eventually ends with a well provided nest-egg not to say that these properties are most properly top of the list.

The Independent Parliamentary Standards Authority is planning to expose the MPs Owners of the properties.  To be sure nothing was done so far and most probably nothing will be done.
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The Common Speaker John Bercow was totally against the disclosure for the reason of security and privacy of the MPs. Good story. In his letter to the IPSA chairman Sir Ian Kennedy he warned that the MPs have great concern to disclose the details under the freedom of information laws. He pointed out further that this could lead to a great security risk.

On the other hand the Security minister Mr Brokenshire voiced his opinion that if there is any wrong doing it should definitely be investigated.

Labour MP John Mann added that he has no problem with MPs renting out properties but the public is entitled to know.

Another revelation of which most of the people didn’t know or think about it. For the MPs it is not a bad little scheme to built-up a property empire through claiming it on expenses which again comes out of the taxpayers’ pocket.  The MPs certainly never miss a trick to fill their pockets. 

David Cameron should stop their expenses' claim as a measure of austerity. Especially now since they have a  great salary's increase besides they so many other incomes from non-executive directors to untold shares in various companies. Nobody can claim their rent, energy expenses and petrol on taxes yet everybody does their job so why the MPs are an exception?  When they go to meetings all expenses are paid for anyway by the people who organised it.

IF YOU THINK  ABOUT IT, IT IS A LEGAL SWINDLE AND THE TAXPAYERS HAVE TO PAY.