Maria Miller Sells Second Home for £1 Million Profit

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Last month Guido revealed that Maria Miller was making a potential six figure profit on the second home – lived in by her parents – that she had claimed mortgage payments for on expenses, in clear breach of expenses rules. The Telegraph today reports she has sold the home which she bought in 1996 for £234,000 for £1.47 million, trousering a taxpayer-subsidised profit of over £1 million. Despite claiming £90,000 for the second home on expenses she will only have to repay £5,000. This was a case of a Cabinet minister blatantly breaching expenses rules, resulting in significant personal gain, yet the impotent Standards Commissioner is giving her a mere slap on the wrist…

UPDATE: A DCMS source gets in touch:

“Maria has co-operated fully with the inquiry, asked for by the Labour Party, which has now been going on for a year and a half amidst constant unfounded speculation. We hope it will conclude soon. It is not surprising that London houses go up in value well over a decade after they are first bought . It is also not unusual for people to move house.”




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The FT’s Wolfgang Munchau on the “fake maths” of economic forecasts:

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