A slightly sickening story is to be found on Thisismoney.co.uk which reveals that the Camerons are cashing in on the luxury London property market by letting their £2.7million house in Notting Hill. This means that they could pocket up to £6,000 a month whilst living in No 10 or at the official country retreat of Chequers.
The finance and mortgage website maintains that the PM and family also have the use of their £ 1million constituency home in the Cotswolds, which has benefited from years of taxpayer funding through the Westminster second homes allowance. The tory leader sought to convince the public of his frugality when he became Prime Minister by announcing that he and his ministers would take a 5% cut in salary and a pay freeze for the next five years. That means he is earning £142,500 a year, £7,500 a year less than his predecessor, Gordon Brown. But the lucrative rental arrangement – which could bring in up to £72,000 a year – will more than make up the shortfall.
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