The Truth

Brown 'desperately worried' as he puts off paying Labour party's 20m debts .........

added 16/4/08

Daily Mail

Labour supporters who loaned millions to the party are being told they may not get the money back for almost a decade, it was claimed last night.

The extraordinary move was sanctioned because Gordon Brown is "desperately worried" about Labour's 20million debts, Channel 4 News said.

The party is said to have met some of its richest backers in secret this week, asking for nine years to repay its loans.

A senior Labour official said: "The deal is a nine-year rescheduling of the loans with an ability for it to be shorter than that if any of the loans turn into donations. Each of the lenders has to be spoken to individually.

The rest of the article can be found here The Daily Mail