Cash Pay Advance

Labour is increasingly dependent on the big trade unions to avoid falling into a financial black hole and the party is facing an impending credit crunch of its own. In recent years, and particularly in the run up to the 2005 election, Labour became less reliant on big spenders - long standing donors - and more in hock to big lenders. But within the next 12 months, some very large loans from the party’s so called “high value” supporters need to be paid off and quite a few lenders are not feeling quite so generous after the long-running “cash-for-honours” saga in which it was alleged that some stood to gain peerages in return for providing loans. He had donated more than