tag:blogger.com,1999:blog-8212152.post-17955089425050977262008-05-08T08:06:00.004+01:002008-05-08T08:19:09.347+01:00<div style="text-align: justify;"><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://bp1.blogger.com/_EQc_hLHXONE/SCKmkhj35LI/AAAAAAAABxc/dcQLEMZQsPc/s1600-h/bust.jpg"><img style="margin: 0px auto 10px; display: block; text-align: center; cursor: pointer;" src="http://bp1.blogger.com/_EQc_hLHXONE/SCKmkhj35LI/AAAAAAAABxc/dcQLEMZQsPc/s400/bust.jpg" alt="" id="BLOGGER_PHOTO_ID_5197900066353308850" border="0" /></a>The <a href="http://www.ft.com/cms/s/0/53f23c76-1c66-11dd-8bfc-000077b07658.html"><span style="font-style: italic;">FT</span> this morning</a> reports that the Labour Party can't pay back loans made to the party under the Blair / Levy <span style="font-style: italic;">Loans for Lordship</span>s scheme. The party<br /><blockquote style="font-style: italic;"><span style="font-size:85%;">is in emergency talks to renegotiate more than £10m of loans from wealthy businessmen to prevent itself running out of money.</span><p><span style="font-size:85%;">Most of the millionaires who secretly lent money to Labour in the run-up to the 2005 election ought to be repaid in the coming months but the party – which is £20m in the red – is in no position to do this.</span></p></blockquote>The rolling re-scheduling has been going on for three years, unless a billionaire steps in the party will never be in a position to re-pay the £20m or so it owes. Lakshmi Mittal has given over £5 million, Sainsbury has given some £15 million (more than Ashcroft has given the Tories). You have to ask why, if they can't manage their own party finances, should they be trusted with the national finances? <span style="font-style: italic; color: rgb(255, 0, 0);">Labour is a sub-prime credit risk, led by a sub-priminister...</span><br /></div>Guido Fawkeshttp://www.blogger.com/profile/15091277669318213298noreply@blogger.com