Northern Rock Shareholders Offer to Buy Bankrupt Labour Party

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The letter from the Northern Rock Shareholders Action Group makes an offer of £100 for the Labour Party and gives “the existing Party members the opportunity to buy it back in 5 years time at the same price”. This will give the Labour Party a “period of temporary private ownership under a new management team…which may well give it the breathing space it needs to recover and protect the interests of all the stakeholders.” Well they are bankrupt and those are reasonable terms, better than the Treasury offered…

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