Labour Borrow Way Out of Financial Crisis, Again

Guido has reported with interest on the internal restructuring going on over at Labour HQ during the last few months. Two weeks ago the party finalised their austerity programme, hoping that a spate of voluntary redundancies and structural reform would rake in significant efficiency savings. They need to – Labour overspends by £1.7 million each year.

Guido has pointed out the hypocrisy of advocating increased public sector borrowing to tackle the economy’s woes while making cuts within the party, but now it seems Labour’s money men might be toeing the same line as the Shadow Chancellor. The latest figures show that Labour has almost £10,000,000 worth of loans outstanding and, while cuts had apparently been seen as the order of the day, they have taken out new loans worth £7,300 in the second quarter of 2012:

Some things never change…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Boris Johnson was shown a trophy monkey head as he toured a room of illegally-poached animals seized by Scotland Yard. He said:

“What’s this poor chap here? Faint air of a … Labour backbencher.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
LISTEN: Labour MPs Knowingly Meet Foreign Spies Every Day LISTEN: Labour MPs Knowingly Meet Foreign Spies Every Day
BBC Website Finally Reports Corbyn Spy Story… And Attacks “Press Barons” BBC Website Finally Reports Corbyn Spy Story… And Attacks “Press Barons”
Tory ERG MPs Remind May of Her Commitment to Take Back Control of Laws and Trade Tory ERG MPs Remind May of Her Commitment to Take Back Control of Laws and Trade
Aaronovitch Talking S*it Aaronovitch Talking S*it
Live In Truth: Corbyn vs Havel Live In Truth: Corbyn vs Havel
Watson Now Opposes Airing Lurid Historic Claims Against MPs Watson Now Opposes Airing Lurid Historic Claims Against MPs
Green: I Wasn’t Inappropriate to Kate Maltby Green: I Wasn’t Inappropriate to Kate Maltby
Geoff Norcott Drives Corbynistas Crazy Geoff Norcott Drives Corbynistas Crazy
BuzzFeed Runners and Riders BuzzFeed Runners and Riders
BBC Still Ignoring Agent COB Story BBC Still Ignoring Agent COB Story
Moscow’s Man in Westminster Moscow’s Man in Westminster
Waterson New Guardian Media Editor Waterson New Guardian Media Editor
Tories Demand Agent COB Faces Foreign Affairs Select Committee Tories Demand Agent COB Faces Foreign Affairs Select Committee
Vaz Reported to National Crime Agency Over His Finances Vaz Reported to National Crime Agency Over His Finances
Bolton Sacked Bolton Sacked
Agent COB Was ‘Paid Informant’ Alleges Czech Spy Agent COB Was ‘Paid Informant’ Alleges Czech Spy
Sunday Show Highlights Sunday Show Highlights
No Facebook Engagement Drop Off Seen Here No Facebook Engagement Drop Off Seen Here
Adonis Tipped to Set Up Centrist Party and Be “British Macron” Adonis Tipped to Set Up Centrist Party and Be “British Macron”
Corbyn’s New Anti-Racism Campaign Star Sent N-Word, “Jew” and Hitler Tweets Corbyn’s New Anti-Racism Campaign Star Sent N-Word, “Jew” and Hitler Tweets