Which means by Guido’s calculations he has unpaid campaign debts to the tune of £41,200.
According to the Electoral Commission, Peter Hain registered a payment to the Labour Party of £11,550 on September 18. Under party rules he had to pay 15% of the funds raised to the party’s central funds.
Since he raised a total of £185,000, he should have actually paid the party £27,750. So he owes the Labour Party £16,200. He also owes Willie Nagel, a diamond broker and former Tory supporter repayment on an interest-free loan of £25,000.