Labour still owes £7m in “loans for lordships” affair. Honours system brought into disrepute.

26 Jul

According to tonight’s Evening Standard, the Labour Party is struggling to repay sums borrowed from wealthy businessmen later nominated for seats in the House of Lords.  ….. It began when three benefactors (a stockbroker, nursing homes owner and, wouldn’t you know it, a property developer) were nominated for peerages but blocked by watchdogs.  It then emerged that each had lent Labour £1 million or more and Mr Blair was accused of bringing the honours system into disrepute.

Depressing to see that bringing the system into disrepute happens at every level of politics not just local government!

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