Labour party finances (update)

No sooner is the ink dry on this post regarding the possible insolvency of the Labour party, then I read that:

"The GMB union is set to cut funding to a third of the 108 Labour MPs they sponsor because they have failed to back union policies, Paul Kenny says.

The GMB's general secretary also said they would ask their 600,000 members if they want to reduce the size of its current £1.2m funding for Labour."

More financial woes for the Labour party, how sad...