Tuesday, 24 June 2008

Labour need to repay over £15m of debt by end of year.

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:

Travis Bickle said...

Clearly they are in need of some economic genius to steer them through the current financial crisis.

Letters From A Tory said...

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.

Anonymous said...

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.