March 18, 2006
IS DAVID CAMERON THE LUCKIEST GUY ON EARTH?:
Labour admits £14m in secret loans (JAMES KIRKUP AND GERRI PEEV, 3/18/06, The Scotsman)
LABOUR yesterday admitted taking almost £14 million in secret loans from wealthy individuals, but refused to name the lenders. The admission was the latest twist in a saga that threatens to leave Labour mired in allegations of sleaze.Posted by Orrin Judd at March 18, 2006 8:16 AMTony Blair had previously admitted that he knew about three loans worth £4.6 million, a financial arrangement that Jack Dromey, the Labour treasurer, says he was not aware of.
While the loans do not technically breach any disclosure laws, they have left many Labour MPs deeply uneasy about the party's finances.
Comments
Lucky in timing. Betting against Socialism is like shorting during the internet boom – you have to get lucky to get in at the right time, but the crash is inevitable.
Posted by: Annoying Old Guy at March 18, 2006 10:08 AM