Labour in Hock to the Co-Op and Unions
Just had a quick look at the Labour loans reports, out of a total of some £23.4 m, just under £14m is owed to the Co-Op and it’s subsidary Unity Trust Bank. UTB is a joint venture with the unions.

UTB is how the union bosses launder their money to support the Labour party. UTB is a small bank which because it has concentrated so much of it’s lending risk with one rather risky creditor – the Labour party – is obliged to make monthly risk reports to the FSA. No surprise that commercial banks are unwilling to risk lending to the Labour party.

mdi-timer November 28 2006 @ 13:15 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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