Labour Party Debt?

#1
There was much spoken about the amount of Money each party had to play with during the election with the Tories well ahead of Labour.

There was a good amount a couple of years ago about the state of finance of the Labour Party when they almost went under with the scale of debt they had..

In 2008, they were £17m in hock.

With a shrinking membership, now out of power and having just spent a load on another election campaign, what state of the finances now?

Now I know that Labour have been getting their own non-dom money coming in from Mittel and other "UK" citizens 8O but I don't think it will be enough to cover their debts.

Perhaps a roving journo could have a dig. Might be an interesting investigation.

Anyone else find newer details on this?
 
#2
I'm sure there was some fiddle (mentioned on ARRSE) where they gave the unions taxpayers money and then they received almost the same amount back in donations from the unions.
 

CountryGal

MIA
Book Reviewer
#4
they have 6 months from the end of the finacial year to publish their accounts so we might have to wait this one out a little bit yet
 
#5
stacker1 said:
I'm sure there was some fiddle (mentioned on ARRSE) where they gave the unions taxpayers money and then they received almost the same amount back in donations from the unions.
I believe your are correct.

Not exactly £ for £, but near enough after "handling" expenses.
 
#8
stacker1 said:
I'm sure there was some fiddle (mentioned on ARRSE) where they gave the unions taxpayers money and then they received almost the same amount back in donations from the unions.

That would be the Union Modernisation Fund, something I believe may not exist tomorrow morning!
 
#9
Balleh said:
stacker1 said:
I'm sure there was some fiddle (mentioned on ARRSE) where they gave the unions taxpayers money and then they received almost the same amount back in donations from the unions.
I believe your are correct.

Not exactly £ for £, but near enough after "handling" expenses.
The notorious Union Modernisation Fund. £10 million of taxpayer's cash paid to the unions and £9 million donated straight back to the Labour Party.

After that ran out, the only thing keeping the bailiffs from the door was the Unite union guaranteeing Labour's debts. Gordon ran his party finances in much the same way as he the country's finances. Never mind. Harriet is interim party leader. It's her problem now.
 
#11
stacker1 said:
I'm sure there was some fiddle (mentioned on ARRSE) where they gave the unions taxpayers money and then they received almost the same amount back in donations from the unions.
Lets face it your statement is just pure bollocks (fantasy )
 
#12
LEOLION said:
stacker1 said:
I'm sure there was some fiddle (mentioned on ARRSE) where they gave the unions taxpayers money and then they received almost the same amount back in donations from the unions.
Lets face it your statement is just pure balls (fantasy )
Yes obviously, Thats why two people have posted it was the Union Modernisation Fund.
 
#13
tangosix said:
Hello in_the_cheapseats,

this may be of some help:

http://www.electoralcommission.org....borrowing-for-january-to-march-2010-published

tangosix.
Edited to add,you have to scroll down to the bottom of that page for the numbers.
T-6 - good find, sir! My thanks

So just covering the main parties of interest.

Party New loans (£) Repaid loans (£) Total loans outstanding (£)

Conservative Party 72,450 1,024,000 3,080,496

Labour Party 3,000 1,606 9,766,172

Liberal Democrats 35,000 3,000 388,583

Scottish National Party 0 5,000 484,503

UK Independence Party 287,500 5,750 291,250


So Labour still £9.7m in the red. Ouch!
 
#14
LEOLION said:
stacker1 said:
I'm sure there was some fiddle (mentioned on ARRSE) where they gave the unions taxpayers money and then they received almost the same amount back in donations from the unions.
Lets face it your statement is just pure balls (fantasy )
Actually, it is absolutely true.
 

Latest Threads