David Cameron and George Osborne cash in on secret tax deal for Downing Street homes

Reposted from the Mirror


Getty / PA
Easy street: Osborne and the Camerons

David Cameron and George Osborne have slashed thousands off the bills for their Downing Street homes in a secret deal 
with the taxman.

The multi-millionaire Tories are quids in after a dramatic change to the way their grace-and-favour homes are valued for tax purposes.

The Prime Minister is saving a minimum of £1,228 a year and almost certainly far more. The Chancellor’s bill has more than halved, saving the wallpaper heir £1,560 a year.

Mr Osborne is paying just £23 a week and the PM no more than £35 to live at Britain’s most exclusive address while the average rent in the UK is £195.


Tax deal savings


David Cameron (minimum)


George Osborne (minimum)


The Tory pair were tonight blasted for accepting the cuts to their bills while imposing brutal policies such as the Bedroom Tax on others.

Generation Rent, a pressure group campaigning on behalf of tenants, said it made a mockery of the Tory slogan “we are all in it together”.


Downing Street rent per week


Prime Minister




Average UK rent


Director Alex Hilton said: “We’re blatantly not all in it together if the residents of Downing Street can wangle themselves a nice bonus while ordinary families are seeing their rent go up by more than wages.”

Treasury insiders said the cut came about when it was discovered that bungling officials had been applying tax rules in the wrong way.

Richard Murphy, of Tax Research UK, said: “It is extraordinary that the Prime Minister and Chancellor did not overrule their officials and say they would pay tax as before.”

The Downing Street flats are treated as a taxable benefit and last year officials decided the tax should be levied on net salaries – after income tax and other deductions.

This switch, which meant big savings for Mr Cameron and Mr Osborne, was never announced but is buried deep in the fine print of the Treasury’s accounts.

A Government spokesman said that the tax was “independently calculated by HMRC”.


This entry was posted in Uncategorized and tagged , , . Bookmark the permalink.

3 Responses to David Cameron and George Osborne cash in on secret tax deal for Downing Street homes

  1. sdbast says:

    Reblogged this on sdbast.


  2. Pingback: Unemployment and Welfare Blogs, Updates. | Ipswich Unemployed Action.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s