The New Labour veteran, who was first elected in 2005, bought a newbuild home in his Wolverhampton constituency for £159,950 in 2006.
He lived there for six years, claiming expenses for mortgage interest of £547 a month, until he moved out in July 2012 because of the rule change.
That month he let out his house and moved next door, where he started claiming the £625 a month rent on expenses as his constituency home.
His own property was advertised for £700 a month by a letting agent in August 2015.
The living arrangement was first reported by The Sunday Times in September 2015, by which point Mr McFadden had claimed £21,000 in rent.
Seems rather aggressively expenses claiming even if, as claimed, it is within the rules.
Vermin.
The Labour veteran separately owns a house in north London, which he bought in 2009 for £799,950, and which is now valued at an estimated £1.74 million.
As a colleague observed about an extremely well remunerated individual whose expense claims, while not dishonest, literally went down to the last penny “he has a peasant mentality about money”.
Judging by MP’s expense claims, and I don’t just mean the conservative duck pond muppets, the same mentality seems to be endemic in and around Westminster.
John
LOL
Funnily enough we were having the same conversation at the charity where I volunteer.
A lot of the older poorer members dedicate time and effort, making cakes and buying the organisation things that we can use.
The more well heeled members who can afford not to notice such things submit expenses claims,
“within the rules” which they write for themselves.
I love that picture of him. He looks like he should be in a 1940s black and white film, standing next to Beveridge or Attlee in the London smog.
Pat McFadden has his sticky fingers on the pulse of what matters to British voters: the ninja menace.
Pat McFadden
@patmcfaddenmp
The vote in Parliament tonight to ban the online sale of Ninja swords did not pass.
There is no need for this to be a partisan issue.
The Government should think again and do this in the battle against knife crime.
Ninjas, do your thing.
Steve
The Battle Against Air Fryer Crime judging by the adverts for Ninja products that I am seeing.
Ottoninja : Do you remember the Flying Doctors series on the telly?
The CoE now recognise that the clergy outnumber the congregation but are fewer than the
places of worshipsilent discos and are contemplating the introduction of an Air Friar service to cater to their obstinately religious adherents.I bought one of those Ninja appliances. Totally worthless. Couldn’t even blend a simple margarita. Hamilton Beach works much better, but they haven’t been trendy over sixty years.
So he doesn’t get the principal private residence exemption when he comes to sell either of the homes he owns. Excellent. We need MOAR tax from these mountebanks.
TMB: My friends’ church have been advertising for a vicar for over a year with no applicants. The church elders seem to have stymied themselves by advertising for a young evangelical (ie, likely to have a family) for a church in the middle of the countryside with no facilities (ie, miles from any schools and other stuff).
jgh,
That does seem self defeating. Since we’ve been here our vicars have been close to retirement or in semi retirement. The one when we arrived was an ex Royal Signals colonel who took orders after retiring from the army.
@ jgh
Is that wishful thinking – if we have a young Evangelical vicarwe might get some new young members to replace all the children of our elderly members who have moved to the cities to get a job?
@philip surely he’ll move back into each house in turn before selling it?
“@philip surely he’ll move back into each house in turn before selling it?”
Won’t do him much good: the taxable bit is calculated pro-rata with the time you’ve not been living there (plus a buckshee 9 months).
A Ninja Friar would be cool, but those in the congregation who survived his initial attack would all have to learn Japanese.
@ Richard Gadsden
No, because the tax-exempt residence is showing a tax-exempt profit of over 50% – £400k, He can use the loss on the one he sold *only* against future profits on non-owner-occupied houses so there’s no point in moving back in. He needsto maintain the status of the ultra-profitable residence until he sells it.
The final comment in the newspaper article is revealing – it suggests that it is abnormal for Labour politicians to pay for losses out of their own pockets. I expect to pay for all *my* losses our pf my own pocket.