Tuesday, 19 April 2011

He said he would - and he did. Clegg gives profit from second home sale to taxpayer

Nick Clegg has today fulfilled a promise made before the general election to give the profit from the sale of his taxpayer funded second home back to the taxpayer.

As an MP, Nick Clegg was allowed to buy a second home and to have the mortgage and other bills met by the taxpayer. However the rules changed last year and MPs from outside London are now only allowed to rent a second home. The rules allow any profits made from selling property to be kept by the MP, but Nick thought this was unfair on taxpayers who have funded the house and so he pledged to give any profits back. Today he kept this promise.

Photo shows Nick Clegg with his wife Miriam and his election agent leaving his then Sheffield home to vote in the General Election last year.

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