Political party borrowing: prepare for a round of misreporting

The latest figures from the Electoral Commission for donations to political parties and borrowing by parties are out today.

It includes the claim that, “As at 30 September 2008, total borrowing stood at just over £31 million.”

As is now traditional, the Electoral Commission is in fact misreporting its own figures. As I wrote last time:

You will find that this is actually the total figure for borrowing plus unused credit facilities. It’s as if I had an unused credit card with a £500 limit that’s never come out of the envelope and never been used, but you said, “Ah ha! You are borrowing £500.”

The real figure for “total borrowing” is actually over £10 million less than given in the Electoral Commission’s press release. Sigh.

Read more by or more about or .
This entry was posted in News.
Advert

One Comment

  • David Evans 26th Nov '08 - 8:15pm

    Another example of officials ‘over egging’ things to make them and their jobs seem more important.

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert



Recent Comments

  • User AvatarMark Platt 25th Sep - 4:34am
    Besides the concerns already listed against Uber for me there is also an additional issue, unconsidered thus far. In London, the combination of 'instant deliveries',...
  • User AvatarMark Platt 25th Sep - 4:31am
    What an over the top hyperbolic headline, and what a poorly researched article. The coup de grace of course is the charge of illiberalism, usually...
  • User AvatarRoland 25th Sep - 12:44am
    @David Raw & Nonconformistradical - I see you are missing the substantive point, not to say that your queries aren't valid, just that you seem...
  • User AvatarTony Greaves 24th Sep - 11:44pm
    Good stuff, Mark. Public transport in London is unbelievably good. I know, I use it for part of the week for part of the year....
  • User AvatarKatharine Pindar 24th Sep - 11:41pm
    Martin, how could Britain remain in the Single Market and the Customs Union without accepting the four freedoms? And how stay in the Customs Union...
  • User AvatarNonconformistradical 24th Sep - 11:06pm
    @Roland I don't believe 'being British' - or adhering to the teachings of Christ - has anything to do with it. It's possible to 'do...