Laurie Burton says Osborne took out a mortgage £5,000 more than the price of the second home.
more than 5000 GBP · mortgage amount relative to house price
Laurie Burton, Labour chair in Osborne’s Tatton constituency
George Osborne claimed a second‑home allowance on his main home between 2001 and 2003, according to Labour chair Laurie Burton.
Laurie Burton, Labour chair in Osborne’s Tatton constituency
Laurie Burton, Labour chair in Osborne’s Tatton constituency, alleges that George Osborne claimed a second home allowance on his main home between 2001 and 2003.
2001 year · claim start year2003 year · claim end year
Laurie Burton, Labour chair in Osborne’s Tatton constituency
Laurie Burton also says George Osborne took out a mortgage worth £5,000 more than the price of the second home.
5000 GBP · mortgage excess
Laurie Burton, Labour chair in Osborne’s Tatton constituency
SHADOW chancellor George Osborne is facing an expenses probe by the Parliamentary Standards Commissioner following a complaint by the Labour Party chairman for his constituency.
Laurie Burton, Labour chair in Osborne’s Tatton constituency, alleges that between 2001 and 2003, Osborne claimed a second home allowance on his main home, a practice known as “flipping”.
Burton also says Osborne took out a mortgage worth £5,000 more than the price of the second home and claimed allowances to cover interest payments on the entire debt, rather than just the cost of the house.
A spokesman for Osborne said he had never “flipped” his second home allowance for private gain and was “relaxed” about the accusations.
John Lyon, the Parliamentary Commissioner for Standards, will investigate the claims.
