Labour Candidate Up Half a Million After Expenses Scandal Shamed Ex-MP Creams Off Huge Taxpayer-Subsidised Windfall mdi-fullscreen

Labour’s candidate in Enfield North is in line for a taxpayer-subsidised windfall of more than half a million pounds, after ‘doing a Maria Miller’. Joan Ryan, who held the seat until she was booted out in disgrace in 2010, claimed tens of thousands of pounds in mortgage interest payments on her Enfield second home between 2004 and 2008 under her Additional Cost Allowance. She also famously claimed £4,500 doing up the property, including redecorating the living room. The semi-detached Enfield house was bought in 1999 for £249,000. Properties on the same road now typically go for over £750,000, some half-a-million more. The taxpayer subsidised Ryan’s mortgage payments while the price of her home was sky-rocketing, leaving the shamed ex-MP in line to cream the profit.

That’s not all. In 2008, Ryan then flipped her first and second home, designating a flat in Kennington as her new second home. Expenses records show that Ryan went on to claim for second home mortgage interest payments well into 2009. The palatial apartment at Imperial Court was bought for £192,000 in 2004. It is now estimated to be worth over £400,000. Generously subsidised by the people she now hopes will re-elect her…

mdi-tag-outline Cash Expenses Labour Party Sleaze Snouts in the Trough
mdi-account-multiple-outline Joan Ryan
mdi-timer November 11 2014 @ 07:36 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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