Who seems the worse offender on all this in the shadow cabinet? Well, none other than little Alan Duncan and his remarkable £7,000 gardening bill. I think Cameron can afford to off load him to demonstrate the new found Tory commitment to clean government, don't you? It's a bit more problematic for him to sack Gove, Lansley or Maude who have been flipping their properties to exploit the system or, in Maude's case, just buying a new one. Then there's 'two brains' Willets who does seem to have had an awful lot of light bulbs popping at public expense - he'd be a loss as well. But, nonetheless, it may well be in Cameron's interest to ritually slaughter a sacrificial lamb or two. Why?
Well, then the pressure on Brown to do something similar would be pretty intense. & it's Hazel Blears and Jacqui Smith who would have to be in the frame. Blears would be in the frame on a property flipping allegation, and Sir Alistair Graham, the former chairman of the committee on standards in public life has already described Smith's claim as "near-fraudulent". Could Brown survive the loss of the two senior women in his cabinet? Because it would be really quite hard to sack one and not the other if the Tories had taken a strong lead. Could he survive the fall out of doing so after what looks like being a disastrous set of local government and European elections?
These are the petty political thoughts of a Guardian columnist manqué, I know. Indeed, Jacqui Ashley goes further this morning and openly speculates on the possibility of a leadership challenge - or a snap general election. This, you might say, is not real politics, but the superficial froth of Westminster's very own 'Spanish practices'. & normally I'd agree with you.
But I sense a deep, deep loathing of politicians around these revelations - and especially of New Labour politicians. They seem to be attracting some of the hostility originally directed at 'fat-cat' bankers that is still very strongly around in popular political sentiment. Not many people understand Derivatives or other complex financial instruments - but we've all got an idea of what a buckshee bath plug looks like. New Labour are going to bear the brunt of this because (a) they're the Government, after all; (b) they came in on a wave of disillusionment with Tory sleaze, promising 'clean hands'; (c) they're supposed to be the party of fairness for chrissake.
Could this be the end of New Labour - and the pebble which starts a landslide of events which end in a general election this summer ?