Sunday, August 20, 2006

EU/UN style corruption queries for Britain's Deputy PM

The Sunday Times has a startling report regarding John Prescott's son, linked here, of which the following is an extract: The business is relatively simple yet very lucrative. Prescott Jr and his partner scour the country for sites that do not have planning permission for development but where there is a prospect of getting it. They then tip off a housebuilder or another developer about the land in return for a fee.

One property executive said: “The big homebuilders don’t like buying up land without planning permission, but you have some developers prepared to take the risk for a big profit.

“But you have to ask what value Prescott — who puts in none of his own money — is bringing to the whole deal. The profit is entirely dependent on the planning permission.”

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