Mark Pack

Electoral Commission changes the way it reports loans that aren’t really loans

By | Wed 25th February 2009 - 12:33 pm

I’ve blogged a few times about how the Electoral Commission has published figures for loans that aren’t really loans:

As is now traditional, the Electoral Commission is in fact misreporting its own figures…

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.”

Well good news – the latest figures are out today, and – after raising it at several meetings and blogging about it – the Commission has now changed the way it is reporting them in order to make this distinction much clearer. Thank you!

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