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Sunday 29 June 2008

Labour Party Accounts (update)

Further to this and this, I read in The Times that:
"Labour files its annual accounts this week, and is only averting financial collapse because of a written guarantee that at least one union, Unite, will continue to provide significant funding. The party is negotiating with businessmen who lent Labour millions of pounds about extending the repayment period for up to a decade."

So insolvent but continuing to trade with the support of its bankers, rather like the UK...

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