I think Flipper is trying to tell us something!

Back in May:

Somebody is clearly rationing the leaks according to partisan considerations; I for one can’t wait for Gideon’s exes to hit the tabs, but do you see any of that?

Well, you still don’t. After all, look what crawled out of his expenses; he bought a house, which he later sold at a huge profit, by hugely increasing the mortgage on his home in London and, naturally, expensing the increased repayments. This is the man who lectures everyone about the Evils of Improvidence, the need for austerity, and such.

Naturally, there was total radio silence from him while the property boom was going up. He eventually trousered £748,000 in clear profit when he sold in 2006, nailing the top of the market with uncanny precision. I cannot think of a better definition of a conservative economist than a man who complains about the state not letting business lend enough money in the boom, and then tells you off for borrowing in the bust.

But he’s not just another flipper; like Hazel Blears, he told the Inland Revenue porkies about the whole affair. While the parliamentary fees office heard that the London house was his second home for expenses purposes, the Revenue heard that it was his first home for tax purposes. Later, he borrowed even more money against the country house, and switched his parliamentary residence there to whack it on the exies; of course, the taxman heard nothing of it.

Strange, really; it’s obviously no longer polite to say this. Duck house boy, yes; but Gideon is special.


  1. 1 Hogging the chamber « Alternate Seat of TYR

    […] number of MPs have been billed for sums in the low hundreds, but George “Flipper” Osborne walks despite clearing £748,000 and having a different main residence for Parliamentary and Inland […]

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