Margaret Moran makes £177,000 profit on tax-payer funded house

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Margaret Moran makes £177,000 profit on tax-payer funded house

By Mark Pack | Sat 10th April 2010 - 5:20 pm

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MPs’ expenses – the scandal that just keeps on giving:

MPs’ expenses: Margaret Moran sells taxpayer-funded Luton home for £177,000 profit

The MP for Luton South, who was suspended from the Parliamentary Labour Party over the expenses and lobbying scandals, bought the semi-detached property for £72,995.

She “flipped” her second home designation to the house for just one year but in that time used £22,341 of public money on it, which included the installation of a new central heating system and bathroom, a complete overhaul of the garden and the redecoration of several rooms…

Her three-bedroom house is now being sold for £250,000, making her a £177,005 profit on a house that was improved substantially by public money. (Telegraph)

Andy Strange, a Lib Dem activist in Luton, has an excellent blog on which he’s recounting the Luton South campaign where the Liberal Democrat candidate is Qurban Hussain, who has a very strong chance of taking the seat.

Read more by Mark Pack or more about andy strange, luton south, margaret moran, mps expenses or qurban hussain.
This entry was posted in News.

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