Politics: Labour Thrown Into Cash Crisis

Summary


The Labour Party's "acute cashflow problems" mean it cannot repay pounds 1.5 million of debts, it said yesterday.

The party is trying to renegotiate loans from computer tycoon Gordon Crawford and biotechnology entrepreneur Professor Sir Christopher Evans.

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Extract


Politics: Labour Thrown Into Cash Crisis

The extent of Labour's difficulties became clear as it emerged the party must repay loans worth a further pounds 16.5 million within 12 months.

It is already facing demands to repay Mr Crawford pound...

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