August 24th in Accountancy News, Bankruptcy, Politics by Editor .

Prezza: Labour “on the verge of bankruptcy”

Out of work, out of leadership and out of cash…

Charles Tyrwhitt UK
 

Fitting perhaps.

The Labour party is £20m in debt and “on the verge of bankruptcy”, former deputy Prime Minister John Prescott said at the weekend. The man famed for his two Jags, his knockout punch and mock Tudor beams is campaigning to become party treasurer. Presumably in an attempt to sort out the mess.

Prescott told the Scottish Parliament’s Festival of Politics: “The politics of organisation are equally important as the politics of ideas. We forgot about the organisation bit.”

Which is one way of putting it.

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