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MP claimed for paid mortgage, say reports

The MP expense row has stepped up after the Daily Telegraph reported that a Labour MP claimed 18 months of mortgage repayments for a paid loan.

According to the newspaper Andrew Morley, MP for Scunthorpe, claimed £16,000 for mortgage repayments on a property in his constituency even though the mortgage had already been paid in full.

He claimed £800 a month for 18 months after the mortgage had ended.

Morley told the Telegraph that the claims had been a “mistake” and planned to pay the money back in full. The BBC has reported that Prime Minister Gordon Brown is “very concerned” about this latest expense slur.

The Telegraph says sources have described Morley as being “heartbroken and distraught”.


Littlewood fund makes Wealth 150

Hargreaves Lansdown has added Artemiss new Strategic Assets fund, managed by William Littlewood, to its Wealth 150 list of preferred funds.Stuart Goodwin, an analyst at Hargreaves, said in a statement that the fund was selected because of its multi-asset strategy. In buying this fund you not only have a truly gifted fund manager choosing the […]

IFAP rejects tarnish claim

IFA Promotion has hit out at Capital Asset Management’s claims that the IFA label is “tarnished” and says that this does not reflect consumer views.

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Considerations for overseas workers in Germany

With Germany’s strong economic growth leading the eurozone’s recovery, many UK businesses are keen to be part of the success story: recent data shows that there are currently more than 280,000* employees working for a UK-controlled company in the country.


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