CAMERON AND OSBORNE; HYPOCRICY KNOWS NO BOUNDS

Following from Gideon Osborne's avaricious announcement yesterday that families on benefits will only receive a maximum amount equivalent to the average family wage, this set me thinking.

Since the average family wage is believed to be £26,000 per annum, I remembered the taxpayer each year paying out an equivalent sum to Cameron and Osborne during the last Parliament.

When they both bought second homes after being elected to Parliament in 2001, they structured their financial affairs so that they could get their snouts into the trough for the maximum amount they could claim from the public purse.

i.e. These two independently wealthy people took out totally unnecessary mortgages so as to be able to claim public funds instead of using their own capital to buy their second homes. This enabled them to use the capital they didn't employ to invest in othe opportunities. For instance Samantha Cameron had a £300,000 bonus paid the same year that Cameron bought his 2nd home in Oxfordshire with a mortgage of £300,000.

Hence they have profited big time from house price inflation and on the returns from their investments whilst the taxpayer picked up the tab.

Cameron claimed over £141,000 over five years in second home allowances.

By the way, the amount claimed by both Osborne and Cameron was in excess of £26,000 per annum each, sounds familar, If the cap fits wear it.