Jealous eyes are cast on the new MP for Gorton and Denton. The Daily Mail digs away at how this relatively young (34) plumber has come to co-own property “worth over £1m.” Apparently her mother helped her buy her first house ten years ago so that got her on the ladder early by today’s standards; and it also helped to have a (now ex-) partner who must earn well as a professional biochemist.
But Hannah’s acceptance speech touching on the poor rewards of hard work was not hypocritical. Many of those who voted for her will be putting in long hours in their small businesses and wondering when they will break through to the good times.
Part of her success may be down to “working as a specialist in heat pumps” where the profit margin is big. Google’s AI says an installed heat pump costs “an average of around £12,500 for a standard 3-bedroom home” ChatPT says an air source inverter costs US$1,200-2,500 to manufacture - say under UK£2,000 at the top end.
If supplying and fitting costs a further £3,000 (would it be as much as that?) the Government’s £7,500 subsidy would appear to be “pure gravy” as PG Wodehouse would say. Plenty there to share with a skilled employee, assuming Spencer was not running her own show and taking the lot. This is another case of the State being happy to burn taxpayers’ money to ride a hobby horse.
But fair play to Hannah for having the wit to exploit it. She was less likely to become a demi-millionaire just from unblocking toilets.
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