Necessity Still Breeds Ingenuity - Archive of SQUALL MAGAZINE 1992-2006

News Shorts And Other Busyness

Tories In The Red

Squall 11, Autumn 1995, pg 13.

The Conservative Party is still £15 million in debt despite Bournemouth builder John Jackson leaving the party over £1 million in his will last year.

The debt is £2 million less than last year but the Tories still owe the Royal Bank of Scotland more than £11 million. Michael Trend, deputy Tory chairman, concedes that he will have to “negotiate” how much they will be allowed to spend in the next general election.

The Labour Party, by contrast, have a £4 million nest egg and will fight the election with a financial advantage for the first time. It seems that New Labour are already beating the Tories at their own game.