Labour Pays Pounds 500,000 in Interest to Party Backers

Evening Standard - London › July 18, 2006

Linked as:

Summary

LABOUR has paid nearly half a million pounds in interest to millionaires who made controversial loans to the party.

Official figures from the party's annual accounts today show it is a record Pounds 27 million in the red, just ahead of the Tories' total debts of Pounds 26 million.

See the full content of this document

Extract

Labour Pays Pounds 500,000 in Interest to Party Backers

But amid the row over "cash for peerages", Labour MPs may be surprised that their party has paid property tycoon Sir David Garrard Pounds 104,000 in interest in the past ye...

See the full content of this document