Well here we are the General Election is over but the Labour Party is facing a big problem â¦ potential bankruptcy â¦ after Blair , Browne and their cohorts nearly bankrupted the nation the Labour Party itself is in dire straights . I was always convinced that if they had been re-elected that one of the first Acts through Parliament would have been Public funding for Political Parties . One good point I think the likes of Browne and Harman are responsible for some of the debts if the Party does go bankrupt â¦ how sad . Surely such a great Political Party which has done so much for this nation in recent years cannot run the risk of just fading into political and financial obscurity . Further have just heard on BBC R4 that the Local Labour Club associated with Blair , in Trimdon , has closed because of lack of funds . Regrettably I have no spare change having already given to a more needy cause â The Border Reiver Benevolent Fund â . In fact any cause would be better than supporting this lot . What steps can or should be taken to resolve this situation ? Edited for clarity .