As of the 31st of March this year, the Labour Party had outstanding loans adding up to £17,847,756. They need to repay loans amounting to £15,630,500 (plus interest) by December 12th this year. As you can see from the list below, much of that owed is either overdue or due in the next week. How will Labour repay such a vast amount when they only took donations totalling £2,967,598 in the first quarter of this year?
The following list reads: Name/ loan amount/ date of loan/ interest rate/ repayment or review date.
The lines in red are due this year.
Margaret McDonagh £23,500 02 March 2008 5.50% 02 March 2024
Teresa Lewis £10,000 28 February 2008 Nil Indefinate
Roger Truelove £1,151 30 November 2007 Nil Indefinate
Dan Neidle £2,000 01 November 2007 Nil Indefinate
James Swindlehurst £5,000 24 October 2007 Nil Indefinate
Gerald Bass £1,213 02 October 2007 Nil Indefinate
Anne Campbell £2,000 07 September 2007 Nil Indefinite
Unity Trust Bank PLC £12,000 1 December 2006 Base + 3.00% Indefinite
Alexandra Mayer £1,500 1 March 2007 Nil Indefinite
Alexandra Mayer £2,900 1 October 2006 Nil Indefinite
HSBC Bank £2,000 1 July 2006 Base + 2.00% 1 July 2008
Richard Caring £2,000,000 25 June 2006 6.50% 01 March 2008 then 180 days rolling written notice
Unity Trust Bank £21,000 4 April 2006 Base + 3.00% 4 April 2013
Robert Evans £5,000 23 March 2006 Nil Indefinite
Royal Bank of Scotland £6,750 24 February 2006 Base + 3.00% 24 September 2010
Co-operative Bank £5,000 1 February 2006 7.25% 31 January 2011
AMICUS £6,500 19 December 2005 Base rate Indefinite
Weymouth Labour Club £9,907 10 October 2005 9.00% 30 September 2010
Rod Aldridge £500,000 4 October 2005 6.75% 12 October 2008
Rod Aldridge £500,000 4 October 2005 6.75% 12 December 2008
Nigel Morris £1,000,000 25 September 2005 6.75% 30 June 2008
Derek Tullett CBE £400,000 5 September 2005 6.75% 31 March 2008 then rolling 6 months notice
Unity Trust Bank £24,000 1 September 2005 Base + 2.00% 30 September 2010
Co-operative Bank £5,000 1 June 2005 Base plus 4.00% Indefinite
Dr Chai Patel CBE £1,500,000 20 July 2005 6.75% 7 August 2008
Co-operative Bank £2,000 June 2005 Base + 2.00% Ongoing
Andrew Rosenfeld £1,000,000 18 May 2005 6.50% 28 February 2009
Sir Gulam Noon £250,000 20 April 2005 6.75% 31 October 2008
Sir David Garrard £2,300,000 19 April 2005 6.75% 01 July 2008
Lord Sainsbury £2,000,000 18 April 2005 6.75% 13 September 2008
Gordon Crawford £500,000 13 April 2005 6.75% Indefinite
Barry Townsley £1,000,000 13 April 2005 6.75% 25 October 2008
Co-operative Bank £20,000 8 April 2005 Base + 2.50% 8 March 2010
Unity Trust Bank £95,497 2005 6.00% 2030
Unity Trust Bank £17,586 26 November 2004 Base + 2.00% 26 November 2014
Unity Trust Bank £10,000 6 August 2004 Base + 3.00% 31 August 2014
Co-operative Bank £152,289 1 November 2003 Base + 3.00% 31 May 2016
Lloyds Bank £35,700 17 March 2003 Base + 3.00% 17 March 2018
Co-operative Bank £47,000 20 March 2002 Base + 3.00% 20 March 2016
Furness Building Society £48,000 1 January 2002 Base + 3.00% 30 November 2023
Loughborough BS £17,763 2000 7.40% 2010
David Taylor £13,000 2000 Nil Indefinite
John Howlett £1,000 2000 Nil Indefinite
Lloyds Bank £28,500 17 April 1998 Base + 4.00% 1 May 2008
Co-operative Bank £75,000 3 June 1992 Base + 2.50% 2 June 2012
Co-operative Bank £1,000 Ongoing Co-op base rate + 2.00% Indefinite
Unity Trust Bank £5,000 Long standing Base + 3.00% Ongoing
Co-operative Bank £2,610,000 Long standing Base + 2.00% 30 June 2008
Co-operative Bank £32,000 Long standing Variable Indefinite
Unity Trust Bank £1,540,000 Long standing Unity rate + 2.00% 30 June 2008
3 comments:
Clearly they are in need of some economic genius to steer them through the current financial crisis.
I think it's time to give the unions a call. Mind you, I don't think Labour are in a very strong negotiating position.
So Co-op Bank is owed millions (as is its sister bank Unity) by the Labour Party, which must be paid back by the end of this month and it is also bidding to have an 15k+ Eco-Town built on its land. No possible conflict there then.
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