Mark Pack

Latest on Labour’s financial woes

By | Sat 19th July 2008 - 1:50 pm

Today’s Independent brings the news that:

Labour is to delay repaying its “cash for honours” loans for up to a decade as it attempts to plug a £16m black hole in its finances…

Accounts due to be published at the end of this month will show the party still has a net deficit of £16m and will need to slash spending this year – despite an existing programme of cuts meant to ensure Labour was living within its means.

The party has axed next year’s spring conference to save £250,000 and plans to cut retainers to firms such as the advertising giant Saatchi and Saatchi and the Prime Minister’s personal pollster, Deborah Mattinson…

Sources said that the party had increased income from subscriptions, despite a fresh fall in membership to around 175,000 from a peak of more than 400,000 in 1997.

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

2 Comments

  • Greenfield 19th Jul '08 - 3:57pm

    The Unions I think are still likely to bail Labour out of much of their debt as the prospect of a Tory Govt looms close.
    So no time to gloat – get out & fund raise (off to Lib Dem BBQ myself tonight!!)& sign up new members!

  • Spanny Thomas 19th Jul '08 - 5:33pm

    My thoughts on labours financial woes – bwahahahahahahahahahahahaha

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.

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

  • Simon Robinson
    This is a very good article in terms of highlighting the dilemma facing any chancellor. There are few good ways to raise money, and endless demands to spend mor...
  • Tony Vickers
    I had expected Sir Vince to mention Land Value Tax as Honorary President of ALTER. Especially because the PM is a fan of the idea and there’s no “red line�...
  • David Blake
    I agree with much of what Richard Cripps says - and I've been a member for 54 years. If I wasn't already a member I'm not sure that what the party has become w...
  • Richard Dickson
    Thanks for this. Kindness - to people, businesses, whole communities, our environment and to nature, to our past, present and future - requires us also to be br...
  • Richard Cripps
    I've been a Lib/Lib Dem voter for 50 years. However, I'm finding it more and more difficult to justify this to friends and family (snd sometimes even myself) as...