Thursday, 5 November 2009

UK - Parliamentary expenses row

Rules, rules and bloody rules - There needs to be rules BUT not ones that encourage job's worth bureaucracy.

Definition
Expenses are simply a re-imbursment of money expended in connection with performing
ones job (sadly there seems to be no allowance for personal administration time expended)

So, should be principle based

1) Least cost (A mortgage could be least cost)
2) Capital appreciation should accrue to the employer
3) Only essential expenses are allowable



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