Labour Party has £27m debt

3.00.00pm UTC (GMT +0000) Wed 2nd Aug 2006

Figures submitted to the Electoral Commission last month show that the Labour Party is in debt to the tune of £27 million. There is also an ongoing police investigation after four Labour backers at the last general election were nominated for peerages.

The Conservatives reported debts of £18m whereas the Liberal Democrats are solvent.

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