🚨 NEW: The Chancellor told teachers and nurses they couldn’t have a pay rise that might stoke inflation. But what kind of pay rise did landlord Jeremy Hunt award himself? We found out.
Every person who holds public office should be subject to the most rigorous financial scrutiny. These people make the laws for all of us but also create the loopholes that only the wealthiest are in a position to exploit.
So he let one tenant leave then put the rent up by another £150 per month to £1850. It's the same as a business sacking someone on a salary of £30k then hiring someone at 24k to do the same job.
And if they are found to be corupt an automatic disqualification from any public elected office and 10 years jail if a court finds they have deceived the public.
Problem is, the same people would be in charge of making the rules for scrutiny, and they’re rather sly and oily when it comes to anything that acts against their interests. As such, it won’t EVER happen.
Nothing wrong with being wealthy but he is supposed to work for the people. Working for the people should mean having integrity by being open and honest about everything including your earning and investments to squash any doubt of conflicts of interest. More people than ever do not trust our government for so many reasons.
Have you seen Mathew Wright's interview of Jeremy Hunt on LBC? He told him, £100bn was wasted by Tory gov, and his reply was, let's not be too negative. This man is psychopath
it won't make a profit. Invest over £3.5m through a company which you own. Let out the flats at £200k per year. Finance the purchase with a loan, As a company you can write off the interest against tax (unlike a private landlord). Pay agents fees, service charges, maintenance and insurance, and you break even. Not a penny of profit available to give to charity. The company benefits from appreciating assets. When he dies the assets are passed on to his kids. At death there is no Capital Gains Tax (CGT) payable on increased value of the assets (top rate of CGT on property is 28%), but Inheritance Tax (IHT) is payable at 40% on the value of the estate above the nil rate band. Only he is about to scrap IHT.
everyone i know gave up on voting as they think they are all the same...Labour should always get the most votes,but dont,as my friends say its all rigged
Even an election won't get even, just stop us getting metaphorically punched in the face. Putting inheritance tax up to a flat 50% on anything over £300k except for a family home. Make corporation tax 75% for any company even partially owned by a shell company. Make all non-doms pay Week 1 tax or leave the country for 30 days every 30 days. Charge council tax of 5 x the rateable value for second homes. Charge council tax of 20 x for foreign investment homes. That's how you get even
There's nothing honest about a Tory politician. Given he claimed a driving expense for 27p, there is no way that he is not aware of every penny that he is raking in. What a hunt.
well… its easy really. if you have various shadow businesses to hold your wealth its an easy mix up to remember which one you need to put down as your own. but just imagine the audacity to call 7 luxury flats as “administrative error” - how many flats other properties they own where 7 flats is like a rounding error? i am not jealous of his wealth, but it infuriates me that they try to hide it and pretend they dont have those. and that when the rich tells that we are the problem and we need to pull it harder…
Cameron told us that we were being greedy when we called for bankers to be held responsible for the crisis and to remove their bonuses. A slight touch of projection there, just a touch. These greedy Tories and their greedy donors need to be at least called out, so thank you all for your efforts and your courage.
The sheep won't care are the rest of us already know. People are getting auto immune disease now and even doctors think it's down to the vaccine for 2020-2022
A friend of mine went on a blind date with Hunt. She said he was astoundingly “dull” and “bland”. Anyway, “forgetting” to declare that ownership means he’s either incompetent or deceitful? I think he’s actually both. As well as dull and bland.
He is meant to be dull, he is the chancellor. Like "Spreadsheet Phil" before him. At least he is not leader like Starmer: the modogan who is channelling Ken Barlow.
You forgot to mention that when he bought the 7 flats he didn’t have to pay stamp duty on them because of a loop hole (I wonder who put that loop hole in the law) which exempts bulk purchases (such as the seven flats he bought) from stamp duty. This was at the time reported in the Guardian
I appreciate and respect the level of journalism here. Not a single right wing media enterprise does anything like this. Too busy fighting pronouns or stoking racists into bloodthirst.
Yep. Shame he forgot to mention how much mortgages went up on these flats 😮 I'm not a fan of either the guy or the journalist, but if mortgages double but his rents go up less than a tenth, that's kinda not that bad really
@@marcus.Hthe initial questions from the journalist are on how much has the chancellor been earning from his 7 LUXURY FLATS, how much has he put that rent up and how much pay has he awarded himself during a campaign when he is calling and setting policy for pay restraint? Landlords do what they can because they are shielded by policy. This one is making policy, shielding himself using policy and is denying others access to policy that will shield them. It's a level of corruption that make the Nigerian government look like OXFAM.
@@Godlike-87 I don't understand, sorry If my local shop gets double charged by the supplier, and if they put up my prices by just a tenth, have they really done me over? They have absorbed a massive chunk of that additional costs. Haven't they? Did I miss something? If you don't like landlords, just stop renting their properties. Find somewhere where houses are cheap and move there. I just saw a flat for less than 20 grand up North. It's not impossible to pay that off with 1 or 2 years of saving up, even on £10 an hour
"Where six or more dwellings are purchased in a single transaction the purchaser can choose whether to apply the non-residential rates of Stamp Duty Land Tax or claim multiple dwellings relief."
@@MrJenklns he would those people with hotels got rid of all their staff and got 5 years guaranteed and full occupation of the rooms, and everything repaired. The tax payer has bottom less pockets apparently.
Even if it was on the news what difference will it make? Unless the people unite against OPPRESSION and EXTORTION, these CORRUPT PLOT TICIANS will do as they please.
West minster is corrupt and should be closed down. A new parliament should be created with a written constitution, with appropriate legal action taken against mp's who break the rules.
Gosh. Turns out there might be a rather obvious reason why the Tories don't want to introduce the renters reforms they said they were going to do. Turns out, it's because a lot of them are landlords raking it in on the side. Who'da thunk it?
Labour has plenty of multi-unit landlords too. I don't understand why any of them are allowed to vote on rental control at all. It's like a form of insider trading.
Two things, the first, I've always thought Hunt looks 'emotionally dead' behind the eys. Second and most importantly, if I claimed to have made an 'admin or honest mistake when it cane to a claim for Universal Credit or such like......would I get away with it? Of course not! God I hate that man.
This makes me angry he's paid so much and the rules rightly won't allow him a second job , but he's allowed to invest and get massive wealth while earning massive sums to me, others might feel his wage isn't huge, but I do,, and to keep raking it in while the country goes through a cost of living crisis made by his party while he lives it up while asking others to sacrifice their standard of living is obscene..and morally wrong to..these Conservatives disgust and apaul me.
One point missed was why 7 properties? If you buy a portfolio of 6 or more properties from the same seller (usually the developer), you pay SDLT at the lower commercial rate rather than the residential rate under Muitiple Dwellings Relief. Nice to see he added to inflation. Next time you hear him bleating about "difficult choices", think of his difficult choice in avoiding tax here...
it won't make a profit. Invest over £3.5m through a company which you own. Let out the flats at £200k per year. Finance the purchase with a loan, As a company you can write off the interest against tax (unlike a private landlord). Pay agents fees, service charges, maintenance and insurance, and you break even. Not a penny of profit available to give to charity. The company benefits from appreciating assets. When he dies the assets are passed on to his kids. At death there is no Capital Gains Tax (CGT) payable on increased value of the assets (top rate of CGT on property is 28%), but Inheritance Tax (IHT) is payable at 40% on the value of the estate above the nil rate band. Only he is about to scrap IHT.
If only, like this video suggests, there were actually strict rules on MPs taking second jobs. You can be an MP and a news presenter (against OFCOM regulations, which they don't enforce), an MP and a landlord, an MP and an author (Dosser Dorries), an MP and a financial consultant, need I go on?
Are you joking? I've lived in my town for 15 years and in that time there have been at least half a dozen large housing estates built and tens of thousands of apartments. The are huge developments of even more going on right now. We can't build them fast enough to even match nett migration, let alone catch up with the backlog. The government don't build houses; developers do.
Greed and Corruption are the two main factors that keep millions and millions on the poverty line. People like Hunt and Sunak and Khan should never hold office. Its quite disgusting. As you get older the more you realise you've been mugged off for everything your entire life.
But yet all we do is allow it to happen. We all sit on our backsides and merely moan, when they blatantly do something that's not right. Hoping the system, (which really works in their favour) will do something about them. Others see it, but roll their eyes or some pay no heed to it and go back to their statuses on FB, Instagram etc...
Be fair LBD. By increasing rents, he's effectively giving a pay cut to the tenants. That means less money to push up inflation. He's only doing that to help the country. He's putting up rents for the most patriotic reasons.
Now I'd suggest an investigation into how many Tory MPs have shares in private health companies. With Hunt having written a book on how to dismantle the NHS, then being made Minister for Health, you don't have to think too hard about where OUR health service is going and you can bet your life they (politicians) won't go without immediate access to good health.
Good to see that c hunt is a man of principles and integrity. I was starting to become disillusioned with what i saw as a totally corrupted and shameful political system. I now have a warm heart and faith in our dear leaders once again
it won't make a profit. Invest over £3.5m through a company which you own. Let out the flats at £200k per year. Finance the purchase with a loan, As a company you can write off the interest against tax (unlike a private landlord). Pay agents fees, service charges, maintenance and insurance, and you break even. Not a penny of profit available to give to charity. The company benefits from appreciating assets. When he dies the assets are passed on to his kids. At death there is no Capital Gains Tax (CGT) payable on increased value of the assets (top rate of CGT on property is 28%), but Inheritance Tax (IHT) is payable at 40% on the value of the estate above the nil rate band. Only he is about to scrap IHT.
@@Not_a_number_ This can be the case locally, or for specific items such as energy drinks, where retailers hike prices because people are daft enough to pay. However, in general higher demand leads to lower prices over time due to the economies of scale.
It's the old chestnut of one rule book for them & another rule book for us !!....I'm sure him & his wife have made some significant sacrifices to their lifestyle !
