Everybody's favourite pie-eating Peer has warned that the Labour Party, saddled with £20 million debts, could be in trouble: BBC News. How ironic; the financial illiteracy which gave us our national debt might be about to spell the end of Labour, or at least so one hopes. "Lord Prescott argued that the next Labour treasurer must be able to stand up to excessive demands for money from the party's leading lights. He said: "The treasurer has got to say to the central body, you cannot keep on spending, we haven't got it." A shame you didn't hit on that pearl of wisdom a few years back when Brown was printing money and throwing it into the wind, eh John?