The funding crisis has raised fears that auditors will be unable to sign off party accounts next month because of Labour's £21 million debt.
A series of controversies over donations, involving police investigations, and Gordon Brown's slump in the opinion polls, has driven away potential financial backers and members. The number of paid-up Labour Party members has fallen from 400,000 in 1997 to fewer than 200,000 Only the trade unions, which have almost quadrupled their support in the past six months, are saving the party from being declared effectively bankrupt.
COMMENT
Watch this space, its going to be a bumpy ride for the Labour Party. No doubt there will be some "dodgy" foreign businessmen who are not on electoral register who will be prepared to bail this Corrupt party full of crooks, liars and thieves out...Where is Lord Levy anyway?.
To read article click on headline.
The only positive thing about a recession is that the party of crooks with go bankrupt faster.
ReplyDeleteThe faster they go bankrupt the better.