Wanted: Basic accounting skills
Posted on | May 16, 2009 | Comments Off
Another UK MP bit the dust today. Labour MP David Chaytor was suspended for submitting claims for a phantom mortgage. Sounds familiar? You are right, Labour MP Elliot Morely was suspended for the same accounting errors. Chaytor has been received nearly £13,000 for a mortgage paid off in 2004. He issued this statement:
In respect of mortgage interest payments, there has been an unforgivable error in my accounting procedures for which I apologise unreservedly. I will act immediately to ensure repayment is made to the Fees Office.
The same old story. So sorry – didn’t mean to do it (now that I’ve been caught, that is) I’ll pay it back. No harm, no foul, let’s get back to business now. Just how much money do these people have that they are not even aware of the fact they’ve already paid off their mortgages?
Tags: David Chaytor > UK expense scandal > UK labour party > UK MP expenses > UK politics
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