“Grant Thornton [EDDC’s past and present auditor] in record fine as auditing scandal spreads”

“The scandal around City auditors spread beyond the big four on Wednesday as Grant Thornton was slapped with a major fine for serious conflicts of interest with two audit clients.

The Financial Reporting Council fined the professional services firm £4 million, reduced to £3 million after a settlement discount. Three senior staffers and a former partner had admitted misconduct in the handling of financial audits for Vimto drinks-maker Nichols and the University of Salford.

The ex-partner, Eric Healey, was slammed for “reckless” behaviour after taking jobs on the audit committees of Nichols and the university despite continuing to work as a consultant to Grant Thornton after retirement. The accountancy firm continued as auditor to both, creating “serious familiarity and self-interest threats”.

The FRC delivered the damning verdicts five years after it opened the probes, which cover 2010 to 2013.

The £4 million penalty is the largest imposed on an accountancy firm outside of the big four — PwC, KPMG, Deloitte and EY. The costs will come out of partner profits.

It is the latest in a series of reprimands for Britain’s biggest auditing firms — just last week KPMG was fined £3 million for its audits of Ted Baker — as the FRC faces calls to reduce the big four’s dominance.

Healey’s simultaneous engagement with Grant Thornton, Nichols and the University of Salford “resulted in the loss of independence in respect of eight audits over the course of four years,” said the FRC.

It added: “The case also revealed widespread and serious inadequacies in the control environment in Grant Thornton’s Manchester office over the period as well as firm-wide deficiencies in policies and procedures relating to retiring partners.”

Healey, who retired from Grant Thornton in 2009, joined the audit committees of the University of Salford and AIM-listed Nichols in 2010 and 2011 respectively. The former role was unpaid and he got £22,000 per year for the latter.

The FRC said it has issued a £200,000 fine (discounted for settlement to £150,000) to Healey and excluded him from the Institute of Chartered Accountants in England and Wales for five years.

Three senior statutory auditors at Grant Thornton, Kevin Engel, David Barnes, and Joanne Kearns, were reprimanded and fined £75,000, £52,500 and £45,000 respectively (after discount for settlements).

Grant Thornton said: “Whilst the focus of the investigation was not on our technical competence in carrying out either of these audit assignments, the matter of ethical conduct and independence is equally of critical importance in ensuring the quality of our work and it is regrettable that we fell short of the standards expected of us on this occasion. As we have since made significant investments in our people and processes and remain committed to continuous improvement in this regard, we are confident that such a situation should not arise in the future.”

Source: Evening Standard

Barclays refuses mortgages on controversial Taylor Wimpey new homes – and Taylor Wimpey share price INCREASES!

“Scandal hit Taylor Wimpey has suffered a blow after Barclays refused to offer mortgages at a flagship development because of fears over leaseholds.

The housebuilder is seeking buyers for its Chobham Manor site in the Queen Elizabeth Olympic Park in London but the properties come with complicated leases.

Barclays told one family looking at a property they could not have a mortgage because of a clause which might mean the lease was terminated if one of Taylor Wimpey’s subsidiaries went bust.

If that happened the bank would be unable to get its money back.

Taylor Wimpey has pledged to fix the problem but would not say how many properties were affected at the site, where prices are as high as £1million.

The firm has been criticised for selling leasehold homes with unaffordable ground rents.

Shares rose 1.1% or 1.85p to 170.65p.”

http://www.thisismoney.co.uk/money/markets/article-6108205/Taylor-Wimpey-hit-leasehold-woes.html

“Are developers inflating the prices of homes through Help To Buy? “

“… We have been told by industry insiders that homes being sold under the Government’s Help To Buy scheme are routinely overpriced by as much as 15 per cent.

The experts say property firms are trying to cash in because they know first-time buyers who use Help To Buy can borrow much more money.

The scheme, launched in 2013 to help young people get on the housing ladder, provides an extra 40 per cent loan from the Government to buyers in London or 20 per cent to buyers outside the capital.

This is on top of a mortgage from a bank or building society and means buyers can put down a deposit of as little as 5 per cent.”

http://www.dailymail.co.uk/money/mortgageshome/article-6107805/Are-developers-inflating-prices-homes-sold-Help-Buy.html

“Royal Mail boss is humiliated in another pay row as concerns grow that he is involved in too many companies”

Man with fingers in several pies, most of which are going off, gets more money as a thank-you for making the bad pies!

“Royal Mail chairman Peter Long has been forced into an embarrassing U-turn in a fresh row over fat-cat pay at a second company he runs.

Just weeks after suffering one of the biggest shareholder revolts in corporate history at Royal Mail, the 66-year-old faced investor fury at estate agency Countrywide, where he is also chairman.

The company, whose brands include Hamptons International, Bairstow Eves and John D Wood, had planned to hand top bosses including Long up to £20m in shares.

But the controversial bonus scheme has been axed following a backlash from investors who threatened to vote against the plan at a meeting next week. The climbdown comes weeks after Long was humiliated by Royal Mail shareholders when 70pc of them voted against the postal service’s pay policies.

Concerns have been raised about whether he is over-stretched. He is paid £300,000 a year as chairman of Royal Mail and £360,000 as executive chairman of Countrywide.

He is also deputy chairman of the supervisory board at travel agent Tui, where he earns £167,000, but has relinquished his role as chairman of Spanish theme park operator Parques Reunidos.

In an interview two years ago Long said: ‘You have to ensure that when you take on chairmanships you can give sufficient time to them and you don’t spread yourself too thin.’

Peter Kyle MP, a member of the parliamentary business committee, said: ‘I have met people who can do the most prodigious amount of work and do it very well. But we have to judge the performance of executives by outcomes and not on their words, and it’s very clear there have been some outcomes for Royal Mail that have affected staff and affected customers, and this for me should trigger a period of reflection.’

Countrywide is Britain’s biggest estate agent and has about 10,000 employees, but has been struggling in the face of slumping property sales and online competition. It has issued four profit warnings in less than a year. …”

http://www.thisismoney.co.uk/money/article-6080113/Royal-Mail-boss-humiliated-pay-row.html

Bankrupt Northamptonshire Country Council: more sleazy payments uncovered

“Councillors spent public money on a hospitality box and hiring a plane as the authority headed towards financial crisis, an investigation has found.
Payments were made by a company owned by Northamptonshire County Council whose directors were councillors.

NEA Properties, which bought the box at Premiership rugby side Northampton Saints, was dissolved a month before the council banned spending.

The BBC has contacted the councillors concerned for a response.

An independent audit report found that NEA Properties’ “expenditure incurred was consistent with the authority and purpose of the company and its directors”.

The company was incorporated in 1983 under the name Northamptonshire Enterprise Agency to promote the county and managed a number of units at the University of Northampton campus.

Conservative councillors Bill Parker and Andre Gonzales De Savage had served as directors in the company since 2010 and 2007 respectively.

It sold its properties in September 2014 and £700,000 was transferred back to the council, but £180,000 was spent on other items.

More than £4,000 was used on a B17 vintage aircraft and first aiders for a memorial event at Grafton Underwood in May 2015.

NEA Properties also spent £2,700 on a heritage dinner with string quartet.
The report also revealed the company spent more than £250 on “cheese, biscuits, etc” for a stately home event.

Concerns about finances at the council – which has been issued with two Section 114 notices, banning new spending – were made as early as 2013, according to former leader Heather Smith.

Worries over NEA Properties were first raised by a whistleblower, former UKIP councillor Michael Brown, in January 2017.

An audit was then commissioned and found the payments were made with “minimal” governance and documentation.

It found no evidence of improper spending or management by the company “but in the absence of various records only limited assurance can be provided”.

The audit was also told £80,000 spent on Northampton Saints went on the redevelopment of a new stand at the Franklin’s Gardens ground, but the club denied this was what was purchased.

A club spokesman said it could “confirm the county council had a box as part of a marketing package which they purchased”.

Financial adviser Mr Brown said the lack of a detailed audit trail was a “unbelievable in this day and age”.

He added: “As a public organisation they were keeping secret the accounts of a limited company it owns under the small companies exception. “This should not happen as it leaves itself open to abuse of public funds.”

A spokesman for the council said the report found that although limited assurances were provided about the company, “the organisational impact was minor”.

He added: “The report also found that expenditure and financial transactions were transparent.

“However, the committee did draw up a number of recommendations and work on addressing these will be done as soon as possible.”

https://www.bbc.co.uk/news/uk-england-northamptonshire-45211357

Those MP dodgy links – this time vaping

“MPs who backed calls for looser laws around vaping are attacked over their links to the industry.

MPs who called for restrictions on e-cigarettes to be relaxed have been criticised over their links to the vaping industry.

In a controversial report, they said bans on vaping in public places – such as in hospitals and restaurants or on buses – should be considered.

The report, by the Commons science and technology committee, also said that ministers should carry out a review to make it easier to get the devices on the prescription.

MPs who called for restrictions on e-cigarettes to be relaxed have been criticised over their links to the vaping industry.

It emerged yesterday that the committee’s chairman, Norman Lamb, spoke at an industry forum held by the UK Vaping Industry Association. The forum focused on how to boost the market for e-cigarettes.

He was also photographed next to John Dunne, the association’s director, at the launch of another report and told the audience: ‘I was horrified when the EU went down the route of health regulation [of vaping products]… I thought it was a complete own goal.’

Professor Simon Capewell, of Liverpool University, said: ‘The committee has concentrated solely on ‘experts’ who are e-cig champions.’

Mr Lamb said yesterday that it was unfair to say the committee has a pro-vaping bias.

‘I reject this assertion,’ he said. ‘The committee carefully considered evidence from more than 90 organisations including a range of academics, NHS professionals, NICE [the clinical guidelines watchdog], and government departments to inform the report.

‘It is my responsibility as chair of this committee to speak to a range of organisations and individuals about our work.’ “

http://www.dailymail.co.uk/news/article-6072919/MPs-backed-calls-looser-laws-vaping-attacked-links-industry.html

“Developer in £13m legal wrangle with Northumberland now plans to take council to High Court”

“A property developer who launched a £13m legal bid against Northumberland County Council says it has been banned from sharing vital information with council members.

Newcastle-based Lugano Group was due to build the Dissington Garden Village – commissioned by Northumberland CC when Labour was in power in the authority – in a move that would create 2,000 homes north of Ponteland,
But since the Conservatives gained control of the area in last year’s local elections, the Dissington project has been put under review, potentially leaving the developer with significant costs reportedly totalling over £13,305,000.

The property firm this week claimed it had “no option” but to take the claim to the High Court against the council itself, leader Peter Jackson, Cllr John Riddle, and chief executive Daljit Lally.

Lugano has said that the council’s solicitors have disclosed the report into the contents of “several anonymous letters of complaints” regarding the conduct of Cllr Jackson and documents associated with that report— however, the information was disclosed 12 weeks after the request, and Northumberland only disclosed the documents subject to confidentiality provisions that bind Lugano.

In a letter to Northumberland CC dated 13 August, Lugano said the council’s solicitors had refused to provide confirmation the key pieces of information, noting that the lawyers are keeping information from council members confidential.

The property developer said that the only “reasonable inference” that can be drawn from the solicitors’ reluctance to disclose the information is that the council would attempt to sue Lugano if copies of the report were provided to the cabinet committee, and those tasked with reviewing the decision to indemnify the legal costs that will incur in defending Lugano’s proceedings.

“We strongly disagree with the council’s solicitors’ comment that they would have a cause of action against Lugano if we were to disclose the report and documents,” the letter said.

In a statement, Northumberland County Council denied all allegations, labelling them “inappropriate, untrue, and defamatory.”

A spokesperson added: “We are aware of further correspondence from the Lugano Group, and continue to take legal advice in this regard.
“As previously stated, we believe that the council has acted lawfully and reasonably throughout this process. We continue to work with Lugano on their live planning application for Dissington Garden Village.”

http://www.publicsectorexecutive.com/Public-Sector-News/developer-in-13m-legal-wrangle-with-northumberland-now-plans-to-take-council-to-high-court

“Former Carillion boss takes reins of UK’s HS2 project”

Owl says: The breath-taking brazenness of it is so shocking.

“Former Carillion boss Mark Davies has been appointed as the managing director for the HS2 joint venture between Balfour Beatty and VINCI.

The project is one of the world’s largest construction projects with billions of pounds-worth of contracts put up for the first phase between West Midlands and London.

Davies joined Carillion in 2008 and rose to managing director of its UK Infrastructure business until the firm went bust in January 2018.

The liquidation cost hundreds of jobs and was the most drastic procedure in UK insolvency law, with liabilities of almost £7 billion.

MPs claimed the demise was down to “recklessness, hubris & greed”, with directors focusing on bonus pay-outs to senior executives even as the firm teetered on the brink of collapse.

But that hasn’t stopped Davies heading up contracts for Lot N1 and N2 of the HS2 project, between the Long Itchington Wood Green tunnel to Delta Junction / Birmingham Spur and from the Delta Junction to the West Coast Main Line tie-in.

Combined, these two contracts are worth approximately £2.5 billion.

The joint venture is also currently bidding for further railways systems packages and Old Oak Common station, together valued at £3.8 billion.”

https://www.thelondoneconomic.com/news/former-carillion-boss-takes-reins-of-uks-hs2-project/15/08/

Evo-North: 11 business-led Local Enterprise Partnerships unite to hijack funding formerly controlled by local authorities

Coming soon to a group of Local Enterprise Partnerships on your doorstep.

On 9 July 2018 it was announced that 11 Northern Local Enterprise Partnerships would join together as “Evo-North”:

“Christine Gaskell, chair of the Cheshire and Warrington LEP and vice-chair of NP11, said: “To translate the Northern Powerhouse concept into increasing impact requires new types of conversations across the region and at the heart of this collaboration are common goals which transcend local interests.”

Gaskell noted that the The NP11 will serve as a “strong coherent regional voice” with national government about the potential of an innovation-led economy for the North.”

http://www.publicsectorexecutive.com/Public-Sector-News/council-for-the-north-on-the-way-aimed-at-aligning-businesses-for-northern-powerhouse?dm_i=4WAR,1AG5,WEIUK,3PBB,1

Now we see the full take-over of former local authority funding by this new business-led UNELECTED group as a press release publicising one of its forthcoming events makes clear:

“Following last month’s announcement from Northern Powerhouse minister Jake Berry that 11 LEPs will form the government-funded body ‘NP11’ to act as a modern-day ‘Council for the North’, last week, a cross-party group of MPs called for £100bn investment to transform the north of England’s transport by 2050 and for the date of Northern Powerhouse Rail to be brought forward to 2032.

This makes EvoNorth the perfect opportunity to put your products and services in front of the budget-holders who are actively seeking them. You get the opportunity to ask questions and network with the people responsible for delivering the Northern Powerhouse by attending this exclusive event. You can benefit from branding and exhibition opportunities by contacting the events team on 0161 833 6320, and you can also submit an enquiry or click here to contact us by email.

EvoNorth is an important event and platform where the Northern Powerhouse is discussed and debated across a wide range of topics including skills, employment & apprenticeships; digital revolution and innovation; health and social care; wellbeing & fulfilment; and infrastructure, business and inward investment.

It stands out from the crowd with its immersive series of lively and engaging Q&As, roundtable discussions, workshops and exhibitions. You can be a part of this exciting opportunity by attending, exhibiting or sponsoring: just contact the events team on 0161 833 6320, submit an enquiry or click here to contact us by email.”

https://cognitivepublishing.co.uk/4WAR-1AG5-B6WEIUK95/cr.aspx

So, very, very soon our district, our county and our region will almost certainly be in the grip of these unelected business people who have already shown their conflicts of interest countless times.

And we can do nothing to stop them …. unless the Conservative government which has enthusiastically x nay zealously – driven this initiative is removed from power.

“Jobcentre Staff Told By DWP Not To Record Number Of People They Send To Foodbanks”

“Jobcentre staff are told not to keep a record of the number of people they direct to foodbanks, despite appearing to send thousands of people to charities providing food parcels to hard-pressed families.

A directive, issued by the Department of Work and Pensions (DWP), tells staff they must not use the term “referral” or “voucher”, and should not keep any record of the number of people they “signpost” to foodbanks.

Critics have urged the Government to halt the practice as ministers have used the lack of records to dodge questions about the impact of welfare reforms.

The revelation also indicates how charities are being relied upon to support the benefits system, but not to what extent. One major food bank charity says it hands out nearly 60,000 food parcels every year as a result of “signposting”.

The Whitehall department’s so-called ‘Operational Instructions’ were obtained following a Freedom of Information request in February which asked for details on what staff are told to do if people ask for food aid.

The instructions state that instead of offering referrals or vouchers to claimants, Jobcentre staff must only offer “signposting slips”.”

In bold letters, the instructions say: “The signposting slip must not be referred to as a Foodbank Voucher.”

The only time Jobcentre staff are allowed to keep track is if the foodbank makes a request, the instructions reveal. …”

https://www.huffingtonpost.co.uk/entry/foodbanks-records-jobcentre-dwp_uk_5b61c1bde4b0b15aba9ebcc9

“Buried UK government report finds fracking increases air pollution”

“A UK government report concluding that shale gas extraction increases air pollution was left unpublished for three years and only released four days after ministers approved fracking in Lancashire, it has emerged.

The report, written by the government’s Air Quality Expert Group (AQEG), was given to ministers in 2015, but was published quietly on 27 July. Fracking firm Cuadrilla was given the first permit under a new regulatory regime on 24 July, the final day of the parliamentary year.

The Labour shadow environment secretary, Sue Hayman, said: “The decision to grant a licence to Cuadrilla must urgently be reconsidered.” An earlier government report concluding that fracking could cause nearby house prices to fall by up to 7% was also delayed until after an important planning decision.

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“There’s a pattern emerging, with environmentally unfriendly government announcements being scheduled to pre-empt worrying reports by experts,” Hayman said. “The decision on Heathrow’s third runway was also taken days before the Committee on Climate Change reported on the danger of CO2 emissions.” A Labour government would ban fracking.

The report estimated that a fracking industry of 400 wells would increase national emissions of pollution, with nitrogen dioxides rising 1-4% and volatile organic compounds 1-3%. But it warned: “Impacts on local and regional air quality have the potential to be substantially higher than the national level impacts, as extraction activities are likely to be highly clustered.”

“The thing that surprised me was you think the main sources of air pollution are going to be coming from the actual process of fracking, but it is as much all the industry – diesel generators, lorries running up and down roads, and all the stuff used to support it,” said Prof Paul Monks, at the University of Leicester and chair of the AQEG.

The report’s conclusion remains valid three years on, he said: “That hasn’t changed. If you have any industrial process at a local level you are going to get an impact on air quality.” Some estimates of the size of the UK’s future fracking industry in the report reach 12,500 wells. “If you increase the amount of wells you are bound to broadly increase [pollution],” Monks said.

Sitting on a report until after giving fracking the go-ahead hardly inspires trust in the government,” said Connor Schwartz, at Friends of the Earth. “If research is carried out, it should be promptly released.” The most recent government polling shows just 18% of the public support fracking.

“Air pollution is already a public health crisis that cuts 40,000 lives short every year and this report is yet more evidence of why we shouldn’t start fracking,” said Schwartz.

“This Tory government has been dragged through the courts three times because of their failure to tackle illegal air pollution, but they’re still taking a cavalier approach to this public health emergency,” said Hayman.

The earlier government report that found fracking could cause house prices to fall was heavily redacted when a Freedom of Information request forced its release in 2014. The full report was only published a year later after a ruling by the Information Commissioner.

It emerged in 2016 that ministers had deliberately delayed the release of the full report until after the crucial decisions had been made by Lancashire county council (LCC) on planning applications to frack, representing “dirty tricks of the highest order”, according to an LCC councillor.”

https://www.theguardian.com/environment/2018/aug/02/buried-uk-government-report-finds-fracking-increases-air-pollution

Top lawyers argue tax avoidance laws cause privacy problem for their rich client!

“The law firm Mishcon de Reya has filed a legal complaint against new anti-tax evasion measures, arguing that they infringe privacy and data protection rights.

The Information Commissioner’s Office confirmed it had received a complaint against HMRC and the Common Reporting Standard, a system whereby different countries’ tax authorities automatically exchange information.

The complaint was filed on behalf of an unnamed EU citizen who did not wish to be identified, according to the Financial Times. The woman is domiciled in Italy, meaning she argues it is her home for tax purposes.

It is not known where she is currently resident, though she was reported to have been previously resident in the UK and to have had a UK bank account containing £4,000.

The complaint claims that sharing her information with overseas tax authorities would subject her to a risk of her data being hacked, and would infringe European data protection and human rights laws. …”

https://www.theguardian.com/money/2018/aug/02/mishcon-de-reya-complains-about-anti-tax-evasion-measures

Former MPs cannot be forced to repay debts to the taxpayer

“OUTRAGE erupted last night as parliamentary watchdogs revealed they have written off £35,000 of debt owed by MPs to the taxpayer.

The Sun can reveal that the Independent Parliamentary Standards Authority (Ipsa) has given up chasing expenses owed by 15 MPs who lost their seats in last year’s General Election – because of the legal costs in chasing them. …

The £35,000 of debt was 12 times as much as MPs owed the previous year.
In 2016/17 a total of £4,000 of debt owed by 10 MPs was written off. MPs owe the money from when they used their Parliament-issued credit card to claim personal or political purposes – such as hotels in London or for bills that fall outside strict spending rules. …

Ipsa can recover the money from their salary if MPs fail to repay the debt but that becomes harder after MPs are booted out by voters.

An Ipsa source said: “We’re no longer able to recover those costs and the cost of legal action doesn’t make it viable.”

Ipsa said it would only name and shame the former MPs in November.

But campaigners said it was scandalous that while ordinary Brits are harassed and put in prison for debt and unpaid taxes, MPs get away scot-free.”

http://flip.it/v0pvqW

“Jacob Rees-Mogg’s investment firm launches second Irish fund”

“A second investment fund has been set up in Ireland by the City firm co-founded by Jacob Rees-Mogg, after it warned earlier this year about the financial dangers of the sort of hard Brexit favoured by the Conservative MP.

The fund, which is backed by $50m (£38m) in seed money from the Swedish national pension plan, was created to meet demand from international investors, according to Somerset Capital Management (SCM).

Uncertainty over the UK’s stance on withdrawal from the EU and the potential impact on banking and related services has led asset managers based in London to establish new financial products in European financial hubs including Dublin and Frankfurt.

A spokesperson for SCM said that for many years it had plans to launch a dedicated strategy for UK and European investors, saying: “Our decision to choose Ireland as a domicile had absolutely nothing to do with Brexit. We have funds domiciled all over the world including in Europe, the US and Australasia, and we will continue to offer a global service to our client base.”

In March, SCM described Brexit as a risk in a prospectus to a new fund, which has been marketed to international investors who want to keep their money in the EU long-term.

The disclosures have been used by political opponents of Rees-Mogg, who has been working part-time at Somerset Capital in addition to his work as an MP and who has repeatedly dismissed the concerns of those worried about the financial risks of Brexit.

The MP has a stake of more than 15%, according to the register of MPs’ financial interests.

On Saturday, Rees-Mogg said Britain was heading for a no-deal exit from the EU but said falling back on World Trade Organization terms was “nothing to be frightened of”.

Rees-Mogg chairs the European Research Group, which continues to put pressure on the prime minister to adopt a more antagonistic stance towards Brussels as the UK negotiates its exit from the EU.”

https://www.theguardian.com/politics/2018/jul/22/jacob-rees-mogg-second-irish-fund-scm

“Council pensions poured into Carillion” [just before the company crashed]

“A City fund is under fire for pouring tens of millions of pounds of councils’ pension money into projects run by the outsourcer Carillion weeks before it went bust.

Pensions Infrastructure Platform (PIP) invests the pensions of councils from Strathclyde to the West Midlands. It bought 10 infrastructure schemes from Standard Life Aberdeen for £400m in late November.

That deal included two Carillion hospital projects — the troubled Royal Liverpool and Southmead in Bristol.

PIP’s investors demanded an investigation after the fund was left nursing heavy losses in the wake of Carillion’s collapse into liquidation in January.

That internal review, which has been completed, recommended that PIP tighten its internal controls.”

https://www.thetimes.co.uk/edition/business/council-pensions-poured-into-carillion-v3xsrmsvk

BoJo refuses to leave (free and almost tax free) Foreign Office luxury pad that should go to Jeremy Hunt

“Boris Johnson has refused to budge from his £20million taxpayer-funded mansion, as Downing Street admitted he could still be there for “weeks”.

There is growing anger as he remains at the luxury official residence, despite resigning as Foreign Secretary 12 days ago.

The Tory MP was today spotted sheepishly leaving the mansion, with two large suitcases packed in an awaiting car for him.

But wife Marina Wheeler was understood to still be in the home today.

A No10 spokeswoman said: “He’s leaving within the next few weeks.”

Mr Johnson refused to answer questions on his living situation when confronted by the Mirror at the property.

Two taxpayer-funded, unmarked police cars with four staff waited for two hours at One Carlton Gardens in Central London as the MP readied himself.

Mr Johnson was whisked away in a Jaguar, with the suitcases in a 4×4 BMW.

He has raked in thousands from renting out a home just four miles away in Islington, North London, while he lived rent-free in the mansion.

Grenfell Tower survivor Aalya Moses, 57, who spent months cooped up in a hotel room as she awaited a new home after the blaze, hit out at the former Cabinet minister.

She said: “If he’s still living in there I think it’s disgusting, it’s outrageous.

“A man like him will have earned plenty of money and he’s living for free in a second home he shouldn’t really be living in any more. And it’s at the taxpayers’ expense?

“What planet is he on? It’s diabolical.”

Labour MP David Lammy said it was proof of a “serious class problem” here.

Referring to the recent scandal over treatment of Windrush migrants, he added: “Those like Boris Johnson, who are drenched in privilege, feel entitled to claim far beyond what they are owed.

“Meanwhile, many of the poorest in our society often do not get even their most basic rights.

“As Boris luxuriates in Carlton Gardens at the taxpayers’ expense, despite resigning from his role, many from the Windrush generation remain homeless due to Government failures and its hostile environment.”

It also emerged Mr Johnson may have enjoyed the grace-and-favour property without paying tax.

Ministers are usually expected to declare such accommodation as a taxable benefit on the department’s annual report, according to the Treasury.

Mr Johnson, who has lived there since being made Foreign Secretary two years ago, has not.

The Treasury said: “Government ministers occupying official residences by virtue of their jobs meet the statutory conditions for an exemption from a tax charge on the property itself.

“However, tax is charged on associated services, such as heating, lighting, repairs…

“The charge of the benefit limited to 10% of the net earnings from the ministerial salary (not including their parliamentary salary).”

HMRC declined to comment on individual cases.

The Foreign Office failed to respond to the Mirror for comment, and to confirm whether Mr Johnson had vacated Carlton Gardens.

The Foreign Office leases the mansion from the Crown Estate, which looks after the Queen’s properties. Officials paid £482,341 a year in rent on it in 2015.

If this has not gone up since then the Foreign Office is paying £1,321.48 a day for the property.

That means as of yesterday, the taxpayer had paid £14,536 for it since Mr Johnson quit over Brexit on July 9.

The Georgian mansion is considered the most plush of all the ministers’ grace-and-favour pads. …”

https://www.mirror.co.uk/news/politics/boris-johnson-wont-budge-rent-12955434

“Revealed: Tory donors who paid £7m to socialise with Theresa May”

Owl says: hedge funds expect to make squillions from Brexit.k

Jacob Rees-Mogg’s business partner, Brexit backers and wife of Putin minister among benefactor

Jacob Rees-Mogg’s business partner, a string of Brexit backers and the wife of a former senior minister to President Putin are among the Conservative donors who have paid more than £7m to socialise with Theresa May since the general election.

Eighty-one party benefactors have paid a total of £7.4m to the Conservative party for access to the prime minister at dinners, post-prime minister’s questions’ lunches and drinks receptions since July 2017, records show.

Party insiders say the large amount raised over just nine months from a single revenue stream is evidence that the Tories are aiming to be “election ready” for the autumn.

At least 10 of the donors, who joined the Leader’s Group for £50,000 a head, are supporters of a hard Brexit.

Dominic Johnson, who attended two of the group’s events in 2017, is the co-founder of Somerset Capital Management – an investment firm set up with Rees-Mogg, a hard Brexiter and the chairman of the European Research Group [ERG].

Somerset was recently reported to be warning its clients about “considerable uncertainty” as a result of Brexit, and set up a fund in Ireland, which benefits from EU financial passporting rights.

Sir Michael Hintze, the hedge fund billionaire who gave £100,000 to Vote Leave, is a familiar figure in Conservative circles and attended at least one dinner in 2017 with the prime minister, sources said.

Hardy McLain, a retired US hedge fund manager living in London, attended events in 2017 and 2018. He previously donated £20,000 to the Vote Leave campaign.

It is the first time since July 2017 that any details of dinner guests of May’s Leader’s Group have emerged. Their identities have been quietly released by the Conservatives this week.

Receiving campaign donations is a routine activity for politicians. But each gift carries with it a potential conflict of interest if the prime minister’s policies appear to benefit those who made the donations.

Edmund Truell, who attended dinners in 2017 and 2018, owns a Swiss-listed private equity business called Disruptive Capital, whose mission statement is to “exploit market uncertainty” to generate returns.

Only two women are among the Leader’s Group donors disclosed in the documents.

Lubov Chernukhin, whose husband, Vladimir, was the deputy finance minister of the Russian president, Vladimir Putin, was given access to the prime minister between last July and September. She has given £626,500 to the Tories since 2012, including £160,000 to play tennis with Boris Johnson and £30,000 to dine with the defence secretary, Gavin Williamson.

Alisa Swidler, a US philanthropist and friend of Bill Clinton who has given £336,686 to the party, also attended an event with May.

The party’s chief executive, the mining tycoon Sir Mick Davis, told a meeting of donors in September that the party needed to raise an additional £6m through the parliamentary cycle if it was to win the next general election.

The party spent £18.5m on last year’s election, when the Conservatives lost their working majority, compared with £11m by Labour. Sources told the Guardian the Tories are aiming for a 40% annual increase in the party’s budget – money that will be spent on up to 100 local campaign co-ordinators.

Records show that Lord Ashcroft, the former Conservative party treasurer who gave millions to the party under William Hague’s leadership but stopped donating during Cameron’s premiership, appears to be back in the fold and is a member of May’s leader’s Group. He was joined by the former government adviser and investor in payday loans, Adrian Beecroft.

May appears to bring cabinet members to each event. She was joined by Amber Rudd and the party chairman, Brandon Lewis, at events between the election and the end of September; the chancellor, Philip Hammond, and Boris Johnson, the foreign secretary, accompanied her to Leader’s Group meetings in the autumn; between January and April this year, May was joined by Johnson, Michael Gove, Liam Fox and four other cabinet ministers.

The Conservatives had not updated details of donors who attended events since July 2017. Cameron pledged to release donors’ data following an outcry over the Leader’s Group dinners and whether they were allowing the rich and powerful to buy access to the cabinet.

The documents were spotted this week by campaigners for a second referendum on membership of the EU. Chris Bryant, the MP for Rhondda and supporter of the People’s Vote campaign, said: “People will rightly be angry to see the government listen to Brexit donors in return for donations to the Tory party while denying the British public a vote on their deal.”

https://www.theguardian.com/politics/2018/jul/20/revealed-tory-donors-who-paid-7m-to-socialise-with-theresa-may

“New MP’s EXPENSES SCANDAL: MP’s fiddling the books will be allowed anonymity”

“MPs who are accused of cheating on their expenses will be able to remain anonymous under rules it has emerged, just after a record ban was handed to Ian Paisley after he went holidays funded by Sri Lankan Government.

The Government has been accused of trying to push through the change under the radar.

It would hide the names of all MPs under investigation and the Government has been accused of “protecting the sensitiveness of politicians”.

Since the expenses scandal in 2008, all MPs under inquiry are automatically published on the website of the Parliamentary Commissioner for Standards.

The new system would mean the process would be anonymous.

Further, the commissioner would not be required anymore to automatically publish the verdicts.

However, the Commissioner could decide to make decisions and complaints public if it is deemed to be in the public interest.

Ian Paisley was handed a record 30-day suspension from the House of Commons after it was revealed by the Daily Telegraph he went on two family holidays funded by the Sri Lankan government.

If the new change was already implemented the public may not have found out about the case of Mr Paisley.

Andrea Leadsom, Leader of the Commons, published the results as she is also head of a cross-party group set up last year after the sexual harassment scandal.

The Committee on Standards, that analyses complaints made against MPs, has said it does not agree with the decision and opposes it.

It aims to table an amendment to block the changes before a vote by members.

The Committee said: “Any decision to step back from this will be perceived as conducting investigations in secret and a radical departure from a commitment to openness and transparency.

“It is important to publish at least a summary of each case she has concluded so that it can be shown that justice has been done and that MPs are accountable.”

Kevin Barron, the chair of the Standards Committee, said: “It would be a huge step backwards in terms of transparency to block the publication of all disciplinary cases, including cases outside of the new code for things, such as incorrect use of stationery or abuse of their expenses.”

The commissioner’s inquiries this year have included Jeremy Hunt and Craig Mackinlay.

Sir Alistair Graham, the former chair of the Committee on Standards in Public Life, said it would “seriously undermine our democratic system”.

https://www.express.co.uk/news/uk/991074/MPs-anonymous-expenses-new-plans

When losing your job can be a money-spinner!

“A higher education boss was handed more than £500,000 in a “golden goodbye” pay package after the government scrapped her organisation.

Professor Madeleine Atkins, ex-chief executive of the Higher Education Funding Council for England (HEFCE), secured a 96% increase on her annual pay deal in the body’s final 12 months, accounts published this week show.

The HEFCE was wound up by the Department for Education and replaced by the Office for Students and Research England in April.

Atkins, who was appointed to HEFCE for a five-year term in 2014, had a final remuneration package worth £554,648 once bonuses, pension payments and other benefits were counted. Salary accounted for £528,891 of the total.

Her previous year’s total remuneration was £282,354, of which salary comprised £263,865.

Atkins begins a new role as president of Lucy Cavendish College, University of Cambridge, in October. …”

https://www.express.co.uk/news/uk/990416/housing-crisis-local-government-association-empty-dwellings-bill

Sleazy DUP MP banned from Parliament for 30 days

Wonder how many days Swire has spent in the Maldives on government or Conservatives Middle East Ccouncil business?

“Ian Paisley Junior been suspended from the House of Commons for seven weeks after breaking Westminster rules over luxury trips worth up to £100,000.

The “severe” punishment has been imposed on the senior Democratic Unionist Party MP after he took his family on all-expenses-paid holidays to Sri Lanka in 2013.

Mr Paisley failed to register the trips before writing to David Cameron in support of the Sri Lankan government “about a proposed United Nations resolution”.

“In view of the seriousness of this matter, we recommend that Mr Paisley be suspended from the service of the House for a period of 30 sitting days starting on 4 September 2018,” said the Commons standards committee.

His actions amounted to “paid advocacy” and “bring the House of Commons into disrepute”, a damning report concluded.

“The 30-day suspension, if confirmed by a Commons vote, is thought to be the longest period any MP has been barred from the Commons for 15 years.

It also exposes Mr Paisley to the danger of being “recalled” by his constituents, under legislation passed in 2015, which would trigger a by-election.

If a recall petition is opened, it must be signed by at least 10 per cent of the electorate in his North Antrim seat for a by-election to take place.

The lengthy suspension, to begin on 4 September, also reduces Theresa May’s effective working majority by one – ahead of potentially more crucial Brexit votes in the autumn. …”