Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
Coinbase vs Binance for Bitcoin, Ethereum Crypto Trading & Investing During Bear Market 2021 - 11th Jun 21
Gold Price $4000 – Insurance, A Hedge, An Investment - 11th Jun 21
What Drives Gold Prices? (Don't Say "the Fed!") - 11th Jun 21
Why You Need to Buy and Hold Gold Now - 11th Jun 21
Big Pharma Is Back! Biotech Skyrockets On Biogen’s New Alzheimer Drug Approval - 11th Jun 21
Top 5 AI Tech Stocks Trend Analysis, Buying Levels, Ratings and Valuations - 10th Jun 21
Gold’s Inflation Utility - 10th Jun 21
The Fuel Of The Future That’s 9 Times More Efficient Than Lithium - 10th Jun 21
Challenges facing the law industry in 2021 - 10th Jun 21
SELL USDT Tether Before Ponzi Scheme Implodes Triggering 90% Bitcoin CRASH in Cryptos Lehman Bros - 9th Jun 21
Stock Market Sentiment Speaks: Prepare For Volatility - 9th Jun 21
Gold Mining Stocks: Which Door Will Investors Choose? - 9th Jun 21
Fed ‘Taper’ Talk Is Back: Will a Tantrum Follow? - 9th Jun 21
Scientists Discover New Renewable Fuel 3 Times More Powerful Than Gasoline - 9th Jun 21
How do I Choose an Online Trading Broker? - 9th Jun 21
Fed’s Tools are Broken - 8th Jun 21
Stock Market Approaching an Intermediate peak! - 8th Jun 21
Could This Household Chemical Become The Superfuel Of The Future? - 8th Jun 21
The Return of Inflation. Can Gold Withstand the Dark Side? - 7th Jun 21
Why "Trouble is Brewing" for the U.S. Housing Market - 7th Jun 21
Stock Market Volatility Crash Course (VIX vs VVIX) – Learn How to Profit From Volatility - 7th Jun 21
Computer Vision Is Like Investing in the Internet in the ‘90s - 7th Jun 21
MAPLINS - Sheffield Down Memory Lane, Before the Shop Closed its Doors for the Last Time - 7th Jun 21
Wire Brush vs Block Paving Driveway Weeds - How Much Work, Nest Way to Kill Weeds? - 7th Jun 21
When Markets Get Scared and Reverse - 7th Jun 21
Is A New Superfuel About To Take Over Energy Markets? - 7th Jun 21
Why Tether USDT, Stable Scam Coins Could COLLAPSE the Crypto Markets - Black Swan 2021 - 6th Jun 21
Stock Market: 4 Tips for Investing in Gold - 6th Jun 21
Apple (AAPL) Summer Correction Stock Trend Analysis - 5th Jun 21
Stock Market Sentiment Speaks: I 'Believe' We Rally Into A June Swoon - 5th Jun 21
Stock Market Russell 2000 After Reaching A Trend Channel High Flags Out - 5th Jun 21
Money Is Cheap, Own Gold - 5th Jun 21
Bitcoin and Ravencoin Cryptos CRASH Bear Market Buying Levels Price Targets - 4th Jun 21
Scan Computers - How to Test New Systems CPU, GPU and Hard Drive Stability With Free Software - 4th Jun 21
Hedge Funds Getting Bullish on Gold - 4th Jun 21
THERE ARE NO SOLUTIONS When the Media is the VIRUS - 4th Jun 21
Investors Who Blindly Trust the ‘Experts’ Will Get Left Behind - 4th Jun 21
US Stock Market Indexes Consolidate Into Flagging Pattern – Watch For Aggressive Trending Soon - 4th Jun 21
Microsoft (MSFT) Stock Trend Analysis - 3rd Jun 21
No More Market Bloodbath – Beyond Cryptos - 3rd Jun 21
Bank run, or run from the banks? - 3rd Jun 21
This Chart Shows When Gold Stocks Will Explode - 3rd Jun 21
The Meaning Behind Gold’s Triple Top - 2nd Jun 21
Stock Market Breakout Or Breakdown – What Does The Next Big Trend Look Like? - 2nd Jun 21
Biden’s Alternate Inflation Universe - 2nd Jun 21
What You Should Know Before Buying Car Insurance - 2nd Jun 21
Amazon (AMZN) Stock Summer Prime Day Discount Sale - 1st Jun 21
Gold Investor's Survival Guide - 1st Jun 21
Silver and Copper to Benefit from Global Electrification Push - 1st Jun 21
Will Gold Shine Under Bidenomics? - 1st Jun 21
Stock Market Buy the Dip, Again?! - 1st Jun 21
Stock Market Consolidation Ahead - 1st Jun 21
Stock Market Summer Correction Review, Crypto CRASH, Bitcoin Bear Market Initial Targets - 31st May 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Meg Munn Sheffield Heeley Labour MP Expenses Claims Analysis

Local / Sheffield May 26, 2009 - 10:39 PM GMT

By: Nadeem_Walayat

Local

Best Financial Markets Analysis ArticleThe following is an analysis of Meg Munn, the MP for Heeley (Sheffield) receipts (including links to actual expense claims and receipts) published in advance of the Daily Telegraphs own reporting which is also included below :


Meg Munn - Labour - Heeley Constituency

Total Expenses Claim 2007-08
£144,354
2nd Home Expenses
£23,083
Office, Staffing, Stationary and Comms
£110,042
Travel
£11,233
Self Publicised Receipts Analysis  
Monthly Mortgage Payments
£1,539
Monthly Food bill
£200
Link to Self publicised Expenses record including receipts
Telegraph Expenses & Claims Analysis
Meg Munn's husband advised at least 7 MP's (including Meg Munn herself) on tax which they claimed as expenses and did not enter onto their self assessment reports as taxable income.
£5,000
Employs her sister-in-law in her constituency office.  

 

A recent poll for the Mail on Sunday puts Labour on just 20%, Conservatives on 42%, Lib Dems at 15%, this would result in a landslide Conservative general election victory of over 200 seats. The situation for Labour is even worse for the European Elections with UKIP level with Labour at 17%, Conservative 30%, Lib Dem 15%.

Meg Munn was re-elected at the last General Election in 2005 with 54% of the vote (18,205), with Lib Dems second on 20% (7,035) and Conservatives third on 15% (4,987). Given the lack of swing in the polls to the Lib Dems, this suggests that Meg Munn's strong majority of 11,170 in a Labour heartland seat ensures that she is not at serious risk of losing her seat at the next election.

Ten Down, 190 more to Go?

To date 10 MP's have so far been forced to announce that they would step down at the next general election with the eventual total expected to reach 200 MP's between a mix of being forced to stand down or abandoning unwinnable seats (Labour). Unfortunately MP's that do not resign but cling on to step down or lose their seat at the next general election will receive a golden handshake of upto a years salary (£65k), a winding up allowance of £41k and a pension of upto £30,000 per annum. Therefore those that have been found with their hands in the tills have shown no shame whatsoever but still seek to milk the system that they themselves devised for maximum personal benefit at tax payers expense. Still things could be worse if we consider the fraud that takes place in the European Parliament and Commission that defrauds the European tax payers to the tunes of billions every year as annual accounts repeatedly fail audits and remain unsigned.

Voter Outrage

The outrage of voters was most clearly evident in the recent BBC Question Time programme held in Grimsby as the following exchange between the audience and Margaret Beckett illustrates (after the MP attempted to justify the £72,000 that she claimed in expenses) :

" I am just very Angry Mr Dimbleby,"

"Mrs Becket are you going to pay back the £72,000 that you have taken after your mealy-mouthed answer trying to explain yourself, and Mr Campbell how the hell do you get through £800 a month on food?"

 

"No I'm Not, because as I pointed out a moment ago...."

The audience boo's, jeers and heckles Margaret Beckett's mealy-mouthed excuses.

Part of the programme is available to watch on youtube.

European Elections - June 4th

Current Yorkshire & Humberside MEP's

  • Linda McAvan (Labour)
  • Timothy Kirkhope (Conservative)
  • Diana Wallis (Liberal Democrat)
  • Godfrey Bloom (United Kingdom Independence Party)
  • Richard Corbett (Labour)
  • Edward McMillan-Scott (Conservative)

Results of Last European Election 2004 - 1573201 votes, (approx 43% of the total number of eligible voters) :

  • Labour 26.3%
  • Conservative 24.6%
  • Lib Dem 15.6%
  • UKIP 14.5%
  • BNP 8%
  • Green 5.7%

European Election Forecast

The European voting system suggests the following results on the basis of the most recent opinion poll.

  • Conservative 2-3 seats
  • Labour 1 Seat
  • Lib Dem 1 Seat
  • UKIP 1 Seat
  • BNP 0-1

By Nadeem Walayat
http://www.marketoracle.co.uk

Copyright © 2005-09 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 20 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis specialises on the housing market and interest rates. Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication. We present in-depth analysis from over 250 experienced analysts on a range of views of the probable direction of the financial markets. Thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Mike
27 May 09, 08:58
Mp tax advise

So they devise systems to tax us, then they pay people to advise them how to avoid the taxes and charge us for the service they receive to avoid their own legislation.

Doesn't seem quite fair, does it?


Bob
27 May 09, 09:00
criminal activities

The public are sick and tired of hearing about more criminal activities

of their elected politicians. The sooner they are brought to book and arrested by the police the better. Otherwise regulatory authorities are further undermined eg HMRC and Metropolitan Police etc.

Politicians are NOT above the law. The public may not pay their taxes

or obey the law etc


V
27 May 09, 09:01
Munn

Yet another MP with her snout in the trough. And she employs her sister-in-law. Wonder if she's declared that?


Post Comment

Only logged in users are allowed to post comments. Register/ Log in