Should MPs be above the law?
Three of the Labour MPs today charged with alleged theft over fraudulent expenses claims appeared to claim some kind of Parliamentary privilege suggesting that their actions are accountable to the Parliamentary authorities rather than UK law. This is taking the MPs expenses saga down a very difficult and very controversial path when ultimately many people in the UK are dismayed to hear about some of the various expenses which have been paid out to many other MPs as well as the four politicians who have today been charged.
It must also be noted that a Tory party frontbencher, Lord Hanningfield, has also been charged over alleged fraudulent expense claims although he has not been as vocal as the three Labour MPs who issued a joint statement today. This will cause further embarrassment for both the government and the Conservative party on top of yesterday's revelations that many MPs are refusing to pay back part of their expenses which were deemed unacceptable by the Parliamentary body in charge of reviewing expenses.
It would appear that MPs were given the chance to bury this particular saga some months ago but have chosen to take the fight further and with the election looming this may turn out to be a very dangerous option.
Share this..
Related stories
Confidence is the factor we need to monitor!
Over the last few months we have seen an array of contradictory economic indicators, many of which have been reviewed and adjusted at a later date, but at the end of the day is the situation regarding the UK economy any clearer? The simple answer to this is no. While retail sales will ultimately mark the end of the UK recession one of the main factors we need to monitor and review on a regular...
Read MoreIs the property sector on the verge of a double dip recession?
As if the UK property sector was not under enough pressure, today saw news that the number of mortgage approvals in August fell dramatically compared to the same period last year. A number of experts now believe that UK property prices could fall between 10% and 15% over the next 12 months which would be a nightmare scenario for many in the UK. Even as the UK property market appeared to pull aw...
Read MoreIs Gordon Brown Planning A Tax Giveaway?
The financial newspapers are today full of stories about Gordon Brown relaxing the financial rules which he has used throughout his time in office to fund a £14 billion tax giveaway. Despite being on course to borrow over £50 billion this year alone it seems that there may be another £14 billion to borrow from the money markets. So what is happening?
There are two trains of tho...
Nationwide predicts another interest rate rise
Despite February's interest rate level not having risen, financial experts have predicted that homeowners could still see an increase very soon.Economists at Nationwide building society have forecast that the bank will increase the interest rate in order to bring it in line with house price inflation. Nationwide figures show that the average house price is has increased to £174,706 - a rise of £...
Read MoreFree Financial Health Check
When was the last time you went through your personal finances?
Until 31st January 2014 we are offering you the opportunity to book an appointment with a qualified financial adviser and receive a FREE initial 30 minute Financial Health Check. During the Financial Health Check we could help you plan, protect and make more of your precious family income.