And you think you’ve got problems

Political blogger Guido Fawkes has latched on to a bit of old-fashioned investigative journalism in The Guardian.  Apparently, the Labour Party must repay £7.45 million of its loans within five weeks - and NEC members have been warned by their lawyers that they could be personally liable if this great institution defaults on its debts. Total borrowings, including interest, are thought to be £25 million. A warning that some of Guido’s respondents are rather intemperate in their use of language.

http://www.order-order.com/2008/05/labour-insolvent-30-days-from.html