In an interview with ------, Lord Fraud is reported to have said the benefits system is "dreadful" and discourages rich people from getting jobs.
"The taxpayer bailouts, the government contracts, the fraudulent expense claims, the tax avoidance--all kinds of areas where the rich are able to have a lifestyle off benefits and actually off conditionality" the C------- peer said.
Fraud, the grandson of paedophilia-apologist Sigmund Fraud, and a privately educated investment banker, told ---------- that his background did not make him unable to understand the reality of living on benefits.
This is the first time the C--------- have publicly criticised the culture of benefits among the rich, and the party has been accused of stirring public distrust by making dramatic claims about rich lifestyles and fraud.
A report by The Telegraph last month calculated that MPs' pay could jump by 40% to £92 000 a year. The proposal comes after MPs' fraudulent expense claims were exposed and stopped--timing that some believe is no coincidence.