Reply to: "We must be whiter than white" - Blair 1997

[DimPrawn]

Yes.

I've heard NL are planning to combine the cash for peerages with their drive for getting government service online to allow party donors (sorry lenders) to buy them online.

View Basket:

1 x Knighthood £1,356,045 (VAT not applicable)
1 x Peerage £1,145,677 (VAT not applicable)

Delivery expected : am Tuesday.

Please note driver is not allowed to leave honours next door.

[Mailman]

If I had a spare million just sitting there Id donate it for a knighthood! Talk about score!

Mailman

[DimPrawn]

The Power Commission this month said every Labour donor who had given more than a million pounds had received a knighthood or a peerage.

It's only fair.

[threaded]

Yes, the major parties are funded in numerous ways from the public purse.

[NoddY]

No, they never pay off the loan, the creditor writes it off (aka 'converts it to a gift at a later date'), and almost certainly claims the loss against tax.

It's only fair you see.

If the debt is written off against tax, it suggests that the taxpayer is indirectly funding the Labour party.

[threaded]

Yes, but consider: when was the gift made?

[scotspine]

i think that key here is 'disappear off the radar'

[The Lone Gunman]

it was strongly suggested this morning on r4 today programme by a labour peer [lord wassname] that these loans would simply be allowed to disappear off the radar and eventually be written off...

Shirley, at that point they become a gift and must be declared?

[threaded]

No, they never pay off the loan, the creditor writes it off (aka 'converts it to a gift at a later date'), and almost certainly claims the loss against tax.

It's only fair you see.

[scotspine]

it was strongly suggested this morning on r4 today programme by a labour peer [lord wassname] that these loans would simply be allowed to disappear off the radar and eventually be written off...

[The Lone Gunman]

Forgive my ignorance, but just how would a political party pay off a loan?

I assume the party has rules about members subscriptions and what they can be used to cover.

[AlfredJPruffock]

Those whom would dare criticise the Glorious NL Party are concealing Weapons of Mass Destruction.

A message from the PM to Wendigo

I did indeed say back then that we must be Whiter than White.
But that was then this is now.

Does that make sense ?

Yes it does.
No it doesnt.
Yes it does.


There.

Perfect.

[zathras]

Labour was secretly loaned £14m

Labour was secretly loaned £14m

The Labour Party has received a total of £13,950,000 in commercial loans from individuals, a spokesman has confirmed.
The figure is more than three times the amount previously thought.
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BBC2 Newsnight political editor Ms Kearney said there had been "deep-seated suspicion of these loans in the Labour Party for some time" and the practice had been "banned" under previous general secretaries David Triesman and Margaret McDonagh.

There were "various theories" as to why the ban had been lifted ahead of the last election, she added, including the fact that the party had been short of cash.
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Former Labour deputy leader Lord Hattersley has said that he is "horrified" by the sums being quoted.

"It all demonstrates that the Labour Party leadership is too obsessed with the world of money. The Labour Party should not behave in this way," he told Newsnight.
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On Thursday, Tony Blair admitted he had not told the Lords appointment committee three of his candidates for working peerages had given the party loans - which under the current rules did not have to be made public.

Mr Blair said he took full responsibility for this and said he had made a mistake by not telling Labour's Treasurer Jack Dromey about the loans.
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The prime minister also said he wanted an independent figure appointed to advise ministers on their financial interests - a move No 10 had rejected in the wake of the controversy surrounding the financial affairs of Tessa Jowell and her husband David Mills.
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Meanwhile, Mr Dromey is carrying out an internal inquiry into the affair, which is due to report next week.

The Conservatives said they would implement the recommendation of the Electoral Commission and voluntarily disclose details, including the source, of any future loans they received.
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Meanwhile, the Scottish National Party has called on the Director of Public Prosecutions to use an 81-year-old law to investigate the row.

[scotspine]

but it's all about fairness isn't it?

http://www.bytestart.co.uk/content/s...ue-threa.shtml

[AlfredJPruffock]

How about this for Whiter than White , remember this next time you pay Tax to Hector

A provision exists in the UK for writing off tax bills where "strict application of the law would be oppressive and unfair".

Charity begins at BP

It's rarely used, but the government – very charitably – used it to write off £1.2 billion (approx US$ 2 billion) from the tax bill of BP (British Petroleum), Britain's richest company. (Daily Telegraph, 11/1/06)