Where are Gordons and Alistairs savings?

caroleiw

I've been wondering where Gordon and Alistair have their savings and think it would be useful to know if this influences their decision making.

I vaguely remember that Alistair had his mortgage with the B&B so maybe they have savings there as well and therefore by nationalising they are protecting their own savings.

There must be a conflict of interest somewhere for them, and as it's our money they are giving away we should know.

Sorry if this is the wrong place for this. It's late and I've had a glass or 2.

bigg

Under their mattresses, if they’ve got any sense. :rotfl:

[Deleted User]

I expect with Lloyds TSB, HSBC or Barclays

islandannie

I really have no idea.

But i can tell you which Co-op he racks his divi up in :cool:

Debt_Free_Chick

Perhaps we should all disclose where we have our money in case that influences our posts

beingjdc

Alistair has a Northern Rock mortgage, and owns a spare flat in London, which he rents out. Bad times...

"Perhaps we should all disclose where we have our money in case that influences our posts"

30% of my money is in a Lloyds TSB Fixed Rate ISA, 30% is in Premium Bonds, 20% is in a Natwest Instant Savings Account, and 20% is in a Hargreaves Lansdown Equity ISA (various funds).

poppy10_2

Shadow chancellor George Osbourne was asked on Any Questions where he had his savings. He confessed to having no savings at all and actually being in debt. Not a great example from the person who wants to run our economy.

apt

I seem to remember Tory banker and 'guru' Oliver Letwin saything something similar on a past Question Time and he did not even have the excuse of Boy George of only recently being out of short trousers and of never having had a proper job. So either these Tories are rich as hell and are lying through their teeth or they are blethering on about governments putting money aside in the boom times when they did not do this when in power in the 1980s and can't even manage to do it in their own private lives.

Oblivion

poppy10 wrote: »

Shadow chancellor George Osbourne was asked on Any Questions where he had his savings. He confessed to having no savings at all and actually being in debt. Not a great example from the person who wants to run our economy.

I'm sure some Russian oligarch will be able to help him out with a tenner or two.

Dave.

baby_boomer

Gordon is heavily into buy-to-let landlordism through his wife Sarah. The house has been transferred into her name to maximise the tax concessions.

Huge numbers of MPs of all parties are in the same boat, so don't be surprised if buy-to-let tax concessions are maintained or extended.

MPs also have a vested interest in the property market because of the mortgage interest which gets paid on their second London properties if they don't let out the first one.

When hundreds of MPs and minsters get kicked out in 2010, many will rely on letting out one of these two houses while they consider their career options.

This may help some on here understand if you are confused as to why the Labour Party has been so encouraging of the buy-to-let boom. Even left-wingers like Michael Meacher have a property empire of several houses.

Most of them are invested in heavily geared plays on the housing market.

Their other main "investment" is in their index linked gilt edged inflation proofed public sector pensions.

Put the two together and you could say that personal fear of long term inflation is hardly likely to put them off a spending spree with future taxpayers' money if they think this is the best way to try to save their skins at the next election, or to save the economy, or both.

apt

Keith Vaz is another notorious multi-home 'socialist'. In 2001 it was reported that Meacher and his second wife owned 12 properties - almost as many as John McCain and his second wife.