Blair's legacy to Labour: debt
The Electoral Commission published the 2006 Statement of Accounts for the major political parties yesterday. Labour's can be downloaded here. They show the outgoing Leader left the Party with debts of £24.86 million.
As an avid promotor of rights and responsibilities, I hope Tony Blair will be honouring his when it comes to helping the Labour Party pay them off. Talking of fundraising, I was doing my bit last night at an event to help pay for campaigning leaflets to secure 50% social housing in the proposed Chelsea Barracks development. It was organised by comrades in Pimlico branches of Cities of London and Westminster CLP. Oh, and while we were partying the winner of £100 in our bi-monthly shareclub draw was announced. That scheme is grossing 20% more than at the beginning of the financial year. But I digress. In accounting terms is Labour a going concern? The auditors appear to have signed off the accounts without qualification. Though how the Party is going to pay off its national debt and raise enough money to fight a General Election any time soon is a mystery. At a constituency level we are preparing a five-year budget aimed at ensuring we link our fund-raising to the costs of campaigning, elections and internal party democracy, policy development and governance. Are any other CLPs thinking along similar lines?
Blair's legacy to Labour: debt | 7 comments (7 topical)
Blair's legacy to Labour: debt | 7 comments (7 topical)


