Our Vera only got £32,383 of our money as a resettlement grant when we kicked her out of Redcar. The ‘winding-up’ expenses she can draw on finish on September 9th.
Fear not though, her piggy bank may soon be replenished.
In 2001 she bought this property – described by the agent as having ‘outstanding sea and costal views’ – for £113,000. Today she is selling it for £315,000.
We gave her the money for a new boiler, a new roof, flooring, windows, and that ghastly porch.
In 2004/2005 alone, she spent £7,916.30 on repairs, decorations and furnishings. She also claimed for mortgage interest on the property.
In total, Vera’s second-home claims were £17,633 in 2004/05; £19,485 in 2005/06; £19,191 in 2006/07 and £19,728 in 2007/08.
Which may account for the fact that the property is now worth 178% more – £202,000 more to be precise – against the Redcar average house price increase of 125%.
What’s that you say? Sir Ian Kennedy announced in March that MPs would in future be barred from buying taxpayer-funded second homes? He also said profits from second home sales would be “recouped”!
Will our Vera be repaying this money? No, of course not, IPSAs new powers came into force on May 7th 2010.
Our Vera had the foresight to get kicked out on May 6th 2010.
She even gets to keep the furniture we bought.
Says Our Vera, of the sale:
“Sadly, without the major contribution made by Parliament, it is unsustainable and has to be sold.”
I think you mean “without the major contribution made by the taxpayers” don’t you Vera?