Tag: debts

Should Blair be held to account for Labour's debts?

At the end of last week I wrote a 'spoof'' blog about Labour Leader Gordon Brown inviting members to underwrite Labour's debts in return for a party renewal package. It was posted here and on Labourhome. A poll added on my Labourhome blog has shown consistently that nearly 2/3rds of respondents would not help bail the Party out, even if it the help were subject to conditions.


Labour's financial situation

Peter Oborne writes in the Mail today about the current state of the party's finances

Members to underwrite Labour Party

Embattled Labour Party leader Gordon Brown today invited members to underwrite the Party's debts according to their means and pledged a major overhaul to re-establish a mass-membership organisation reaching out to every community in Britain to promote Labour values.

Tribune: Labour finances nearing meltdown

Tribune has been following the Labour Party refinancing saga closely - seemingly the only good source of info for ordinary members on how the £21 million debt, largely from the 2005 election campaign, will be handled. The saga moves on another notch today.

Labour Party loan liabilities

Tribune today has a dramatic article about Labour Party attempts to reschedule up to £14 million of loans, and that NEC members could be personally liable for the debts if legal action is taken. Apparently a last resort of converting the party into a limited company is being considered by some, to protect the NEC members from liability!


Blair's legacy to Labour: debt

The Electoral Commission published the 2006 Statement of Accounts for the major political parties yesterday. Labour's can be downloaded here. They show the outgoing Leader left the Party with debts of £24.86 million.

Labour Spending Review

What do you think will be the outcome of the party spending review?