I am with those who think this is a "storm in a tea cup" that RR opponents aim to conflate and use as a stick to beat her with, one month before she delivers her budget.
1) This was not a sale or purchase transaction, in which documents were allegedly falsely presented to HMRC or Land Registry where there could be monetary gain for the individual in question (~ like accusations against Rayner and Farage).
2) This is not an HMO licence in question.
3) Letting of property does not usually involve the need for a "selective licence" ( as is the licence in this case) before they rent out their property. Only certain local councils require this and only in elective areas in their borough.
4) RR put the rental process into the hands of a professional letting agent under an agreed legal binding contract.
5) Within that contract was a clause that stated the letting agent would inform their client, RR, if any such licences were required.
6) RR relied on the content and detail of that legally binding contract and paid their fee accordingly- average letting agency fees in London range from 12 to 20% plus additional 20% VAT of rental income monthly, on top of admin and set up fees and additional costs of gas safety certificate, EPC etc.
7) I understand the property was let for £3,200 a month.
8) If that was the case RR's letting agent basic monthly fee ranges between £384 plus 20% VAT to £640 plus 20%VAT, a not inconsiderable sum of money. You expect reasonable and professional service in line with the legally binding contract of services for that amount of money.
9) RR's obligations at time of letting were to read the letting contract carefully, make sure she understood the fee and clauses before signing and handing over letting responsibilities to the agent- no one has suggested she did not do this, i.e she was nor "slap dash"
10) The housing regulations of Southwark Council stipulate that a private landlord, IN CERTAIN DESIGNATED AREAS, need to obtain a "selective licence" before they can rent out their property. Southwark Council did not require this licence in RR's home location when introduced in 2021, but did extend the requirement to cover RR's area at a later date in 2023, one year before RR put her property in the hands of a professional letting agent.
11) The Letting agent failed to check this requirement as it was contractually required to do so, of which RR was unaware. That is her contract stipulated she would be told if any licences were required and she was not.
12) Political opponents actively seek out any property incident of a politician in the public eye of illegal, inappropriate behaviour that falls below the Nolan Principles expected of those in public life.
13) They do this most likely so they can share information with the press, in an effort to expose the political individual as involved in something underhand/illegal etc to bring scrutiny and pressure on the politician in question- usually for the opponent's benefit/ opportunity to call for their resignation.
14) The press ran a story, one month before RR delivers budget (timing may be deliberate?) that RR had "broken housing rules".
15) Prior to this RR thought that all was in order and her letting agent, as contractually required to do so, had failed to advise her of the "selective licence" required in question
16) As soon as RR became aware by the press, not her letting agent, she applied for a license, informed the PM, apologised for her "inadvertent mistake" and she referred herself to the Independent Advisor of Ministerial Standards and the Standards Commissioner.
17) The PM consulted with the advisor on ministerial requirements who advised "in light of your prompt action, including your apology, further investigation is not necessary....RR is treating this matter with the urgency and seriousness it deserves". He was satisfied the matter could be drawn to a close as the ministerial code explicitly states that "in certain circumstances an apology is enough". That is in his opinion the mistrial code had NOT been breached.
18) RR has grounds and evidence to issue a claim against her letting agent fro breach of contract that has brought her reputation into disrepute.
In all the circumstances of the case as outlined, I don't feel that RR was "slap dash". Neither do I think she has broken any Nolan Principles, ie those of selflessness, integrity, objectivity, accountability, openness honesty and leadership in the circumstances of this case. Neither has she breached the ministerial code as advised by Independent Advisor of Ministerial Standards.
Personally I do not conflate the circumstances of this case with RR's ability to conduct herself as Chancellor of the Exchequer of which we all no doubt have varying opinions and concerns.
I would particularly welcome Nigel Farage, and any other politician that faces public scrutiny of property purchase/sale/ lettings concerns, to also refer themselves to the Independent Advisor of Ministerial Standards and the Standards Commissioner for investigation. Then the public can also be provided with the relevant advice whether their actions have breached ministerial standards.