Welsh MPs under pressure regarding expenses
The Daily Telegraph has today issued allegations regarding 50 Welsh MPs and their expenses. The paper claims that government whip Mark Tami and many more MPs have claimed council tax expenses even though it is alleged they have not actually paid the council tax in full. This is yet another nail in the coffin of the UK expenses system which is certain to be severely revamped in the weeks, months and years to come.
As we saw yesterday, the police authorities are taking a greater interest in MP's expenses and where it can be proven that Parliamentary bodies were misled regarding expense cliams there may be further criminal investigations. A number of MPs are said to be under investigation by the authorities with regards to "non-mortgages" for which they claimed expenses. This is just the tip of the iceberg and even though many MPs have come forward to pay back significant amounts of money this will in no way influence whether further criminal investigations are carried out.
Each day brings new and more alarming allegations regarding the expenses system with one MP said to have claimed for a one pence mobile phone call and others said to have claimed back expenses regarding toilet paper and other bizarre items.
Share this..
Related stories
Are we seeing the last throes of Alistair Darling's political career?
As the G20 meeting approaches it would appear that Alistair Darling has been put forward by Gordon Brown to do the "dirty work" and beg for assistance from other governments around the world. While Gordon Brown seems to take centre stage when times are good it seems Alistair Darling is always on hand for the not so attractive comments and statements which need to be made. So are we seeing the last...
Read MoreBoris Johnson steps forward to support the city
Boris Johnson has today entered the fray after arranging a number of meetings with EU MEPs regarding the changing regulatory situation for the financial services sector. He has been in Brussels fighting on behalf of hedge funds and private equity companies in the UK who are set to be hit hardest by the ever-growing raft of EU regulations regarding the UK, and European, financial sector.
FSA to crack down on sale and rent back agreements
The Financial Services Authority (FSA) has this week issued a report about the sale and rent back market which has attracted significant criticism over the last few years. This is an area of the market which many believe preys on those in financial trouble and even thought there are many sensible and law-abiding companies in this sector there are also a number of "rogues" elements. So what will th...
Read MoreGovernment taxation of the oil industry seems to be backfiring
Over the last few years the UK government has introduced a number of oil production and oil exploration taxes which raised significant funds from oil companies operating in the North Sea but ultimately could lead to disaster. A report by Oil and Gas UK has today revealed that investment in exploration in the North Sea, with regards to oil and gas, fell by 57% in the first half of 2009.
UK government announces £1 billion house building programme
The UK government has today announced plans for a £1 billion fund to kick-start the many property developments up and down the UK which stalled as the recession took hold. The idea is that up to 20,000 new jobs could be created and around 23,000 new homes introduced to the market. While around 20% of the £1 billion fund available will be dished out in the form of non-repayable grants, the vast m...
Read More