Nick Clegg has donated nearly £40,000 of profits from the sale of his constituency home in Sheffield to the taxpayer.
The Deputy Prime Minister has sold his four-bedroom semi-detached house in Knowle Lane, Bents Green, and is now renting a two-bedroom flat on the Stannington side of the Rivelin Valley.
He said that although he was allowed to keep the profits, he wanted to “lead by example” and encourage other MPs to “get out of the property game”.
The Bents Green house was bought in 2006 for £280,000 and has been sold for £325,000 after going on the market in September last year. The profit is £38,750 after fees and other costs are deducted.
The Hallam MP said he had written a cheque to the House of Commons. “There has been a profit for the taxpayer and, as I promised before the election last year, it will be returned to the taxpayer.” His main home is in Putney, which he shares with his wife and three sons.