Expenses payback time: advice for cash-strapped MPs
15 October 2009
(1 Comments)
Posted by: King's College, Cambridge
From singing for your supper to getting down and dirty, help is at hand for politicians facing penury. Paul Lewis (KC 2000, Social and Political Sciences) takes a light-hearted look at the situation.
Strapped for cash after your Legg letter? Here are six tips for MPs on how to meet the repayments:
Remove duck island and place on eBay
Although there are currently none of the Stockholm duck islands that lured Sir Peter Viggers into his infamous "ridiculous and grave error of judgment" on the site, it's worth a punt. Buyers could be tempted to splash out on a secondhand anatine residence as they're pricey, costing £2,585 new. Viggers, who spent just £1,645 on his, looks like a bit of a bargain-hunter in hindsight.
And don't worry about the ducks: they're used to being stuck with awkward bills.
Take out a loan
If you need to borrow £2,000, Abbey offer a competitive rate and will lend you the money at an APR of 14.9%. You can pay it back over a year in instalments of £179.55 a month. That means a total charge of £2,154.60.
Paul Lewis (KC 2000, Social and Politcal Sciences) is a reporter for the Guardian. In 2007 he was nominated Young Journalist of the Year and worked for the Washington Post as the Stern Fellow.
As the Kingsman who exposed the MPs' expenses scandal (see my interview with Jeremy Paxman on BBC TV's Newsnight: http://news.bbc.co.uk/1/hi/uk_politics/8115998.stm) I'm delighted to see you following the story!
Kind regards,
Henry Gewanter (KC 1971-4)
Managing Director
Positive Profile Limited