Nick Clegg won’t keep profits from second home sale

Nick Clegg has confirmed that he is selling his constituency home, and will return any profit to the taxpayer – as promised earlier this year.

From the Press Association:

The Lib Dem leader, who has been the MP for the constituency since 2005, has referred to the house in Sheffield as “modest” and revealed he had bought it in a “complete state of disrepair”.

Defending his expenses claims in respect of the house, he told the BBC’s Andrew Neil in April: “I think, unlike almost everybody else, I have said very clearly and very openly that my approach to this is that’s not my home, it’s a home on loan to me from the taxpayer and that when it’s sold every single penny of value gained is returned to the taxpayer.”

On Friday, a spokesman confirmed Mr Clegg was planning to sell his Sheffield home and look for a property to rent in line with the new expenses rules for MPs’ second homes.

He also confirmed the Deputy Prime Minister’s intention not to profit from the transaction.

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8 Comments

  • gramsci's eyes 3rd Sep '10 - 6:43pm

    Maybe he has found selling his principles much more profitable.

  • Anthony Aloysius St 3rd Sep '10 - 10:17pm

    “I think, unlike almost everybody else, I have said very clearly and very openly that my approach to this is that’s not my home, it’s a home on loan to me from the taxpayer and that when it’s sold every single penny of value gained is returned to the taxpayer.”

    “Unlike almost everyone else”? I thought the same thing was meant to apply to the whole Lib Dem parliamentary party. (Or was it just the front bench?)

  • does that mean he will not live in his consituency ??

  • apologies see he is going to rent

  • Norfolk boy 5th Sep '10 - 8:58pm

    In total Clegg claimed £83,824 between 2005 and 2009, including £1,018 in monthly mortgage interest payments; £9,244 in legal costs and stamp duty; £2,600 on a new kitchen; and £5,857 on decorating.
    Mr Clegg also bought Ikea cushions, napkins and a cake pan, and also spent £850 on curtains and blinds.
    He regularly paid a gardener £160 a month, with his tasks including “pruning of apple and plum trees”, and maintenance of the rose garden.
    After The Daily Telegraph disclosed his claims last year, Mr Clegg repaid £80.20 he had claimed for personal telephone calls to Colombia, Vietnam and Belgium in an “innocent mistake”

    Damn right he shouldn’t profit from it, the hoon.

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