Labour Due to Re-Pay £6,725,000 of “Commercial” Loans

This month and next month some major “commercial” loans are due to repaid:

Unity Trust Bank £2,000,000.00 Unity rate + 2.00% 13/12/06
Co-operative Bank £3,500,000.00 Base + 2.00% 31/12/06
Co-operative Bank £1,225,000.00 Co-op rate + 2.00% 20/01/07

In the case of the small union controlled Unity Trust Bank the Financial Services Authority has put the bank on notice that it must report the risky Labour party loan situation monthly. If the loan is re-scheduled instead of repaid the FSA may have to take a closer look at the situation.

See here, here and here for more details.


Seen Elsewhere



Tip offs: 020 7193 4041
team@Order-order.com

Quote of the Day

Expelled Tory MP, Richard Benyon, on the short three-day Programme Motion for the Withdrawal Agreement Bill:

“Whether you had three days, three weeks or three months debating this, you would not hear one original argument that we hadn’t otherwise heard in this process…”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.