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Randall Herbert

Nu Labour Peer Tony Loans

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How exactly do the new Tony peers get their loans of 14.5 million paid back by Nu Labour at commercial rates?

Where will the money come from to make these repayments? Will they get loans to pay back these loans?

Will they invest it in property because they know that houseprices only ever go up up up!

Will they open up a few Tessa accounts and get paid £340,000 for each one and not have to disclose where it came from?

I think we should be told.

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I think they use the loans to smooth over the irregular need for cash at election campaign time.

ie. They need a bigger pot of money every 4 or 5 years for the election campaing funds, but probably have a surplus in other years.

Either that or they will:

a) inflate their way out of their loans

B) make enough on 'cash for policy' during the next term to repay the loan

:P:lol: Bunch of lying wasters.

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Guest Riser

Whatever the loans were for it looks like they want it back leaving Nu Labour with a £10 million black hole.

Tony Blair is no better at managing the Labour finances than he is his own BTL portfolio :D

Labour faces £10m debt as backers call in loans, with interest

THE Labour Party is facing a £10 million hole in its finances because the majority of its rich benefactors are demanding the repayment of their loans.

More than half the 12 supporters contacted by The Times were adamant that they would expect their money to be repaid, with interest at one percentage point above the base rate, as agreed with Lord Levy, who is the Prime Minister’s personal fundraiser. Almost £5 million will have to be repaid by October at the time of the Labour Party conference.............

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They mentioned in a paper round up on breakfast that some of the people want their loans back

:)

AND the police are investigating.

"Barry Townsley, 59, made a £1 million loan in April last year. A spokesman for the financier said: “He will expect the money to be repaid in the normal way.” Mr Townsley’s peerage nomination has been blocked.

Sir Gulam Noon, 70, who was devastated to have his peerage blocked after the disclosure that he had made a £250,000 loan, wants his money back."

From the times - brill.

Edited by SarahBell

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So they are bent enough to try and buy a peerage with a loan, and then have the gall to come out in public and admit the loan... after their peerage is blocked - priceless. :lol::lol::lol::lol:

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So they are bent enough to try and buy a peerage with a loan, and then have the gall to come out in public and admit the loan... after their peerage is blocked - priceless. :lol::lol::lol::lol:

It highlights the true intent on giving the loan.

Edited by OnlyMe

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I think we may be seeing a coup 'd etat. Gordon has made his move because he does not trust Tony to hand over No. 10 in a year--or so.... Gordon wants power and he wants it now. The economy is going pear shaped and he wants someone else at no. 11 to take the brunt of the public's anger. Watch the BBC and the way they keep Gordon on the side lines of innocence as Tony is made to look shifty and in denial.

They did it to Maggie and now its Tony's turn.

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The loans where not meant to be paid back - if they got the peerages, influence and power to make laws over us ordinary mortals.

All this business about commercial rates as if they where somehow normal bankloans in normal fianancing is rubbish. They were only loans because they could keep them off the books that way, and avoid scrutiny. Thats why Jack Dromey is so shocked.

Many of the donors now want thier money back, as they have not got the peerages. Gulam Noon was on the radio expressing how he was going to writeoff the loan after his peerage was obtained. But now the deal has fallen through he wants it all back.

As the elite and powerful have hijacked the state, via spin and manipluation, the grassroots membership of the Labour party has crashed from 2001, to just 250,000 members. Thats only about 700 members per constituancy MP!

If the labour party wanted to raise 14.5 million from its membership base, each member would have to find an unlikely sounding £60.

So we find more and more corruption is needed in order to stay in power.

Edited by brainclamp

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What the hell is the difference between a "written off loan" and a "donation"?

Nu Lab really are a bunch of weasel worded scumbags.

Even the fall guy put up on Newsnight last night couldn't come up with a reason they would want a loan rather than a donation save to hide it from public scrutiny.

He kept falling back on "nothing illegal" having been done...spiv

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Politics would be sweeter smelling if it was all done on party membership fees. All open, honest, regulated, accountable.

They might not be able to afford huge ads, spin doctors and other stuff but they'd have to really appeal to people and do plenty of door to door stuff meeting with people rather than sending a slimey leaflet in time for the election.

(Ever get a leaflet at xmas, jan or feb ? Yes because these don't count for election campaign costs the parties can send stuff then as a warmup.)

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The whole basis of UK democracy is based on the idea that parties are supported by thier membership.

http://en.wikipedia.org/wiki/Labour_Party_(UK)

Nu-labours membership should be providing its funds, without relying on corruption, however it's popular support collapsed amongst party members in 2001 as membership crashed.

http://en.wikipedia.org/wiki/Conservative_Party_%28UK%29

Although the Tories have more members than both Nu-Labour and the lib-dems combined, they are also spending more than they take from party members, the gap filled by wealthy unnamed donors.

Fundementally the huge sums of money spent is on a plethra of consultants and focus groups, the resuly being the unprincipled poltics we have now. For instance Cameron's spinmaster is getting £276,000 per year for the nu-conservatives.

Political spin: Q. What price a Tory kingmaker? A. A snip at £276,000 a year

Posted on Monday, March 20 @ 13:47:24 GMT

Antony Barnett

Sunday March 19, 2006

The Observer

How much do you pay the man who could make you king - or indeed Prime Minister? If you are the leader of the Conservative Party the answer is £276,000 a year.

This amount - which dwarfs the salary David Cameron is paid himself - is the figure the Conservative Party is paying Steve Hilton, the shaven-headed marketing guru who is credited with the meteoric rise of the Tory leader.

Details passed to The Observer of company documents reveal Conservative Central Office is writing a monthly cheque of £23,000 to Hilton's marketing agency, Good Business, for his services.

Edited by brainclamp

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