Mark Pack

The loans that aren’t loans are no more

By | Wed 27th May 2009 - 2:20 pm

It had become a quarterly habit of mine, pointing out how the Electoral Commission’s quarterly reports mixed up actual loans taken out by political parties with unused credit facilities, providing an inaccurate impression of parties being much more in debt than they really are.

Last quarter I noted that the reporting was clearer, and it’s good to see that with this quarter’s figures and news release the two different issues have been fully separated out, with only the actual borrowing in the headline debt figures the media are reporting. Success at last 🙂

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