Astonishing amount “spaffed up the wall” by Labour right in just over 18 months after 2019 GE
As Skwawkbox reported yesterday, Labour is making ninety staff redundant – and blaming its poor financial health driven by the departure of 100,000 or more party members under the new regime, saying its reserves were down to a single month’s payroll.
But the scale of the waste and loss under the ‘leadership’ of Keir Starmer and his sidekick David Evans is on record in Labour’s own documents – and is absolutely staggering.
Page 65 of the party’s own annual report shows that at the end of 2019 – after a massive December general election campaign and widespread local elections earlier in the year – the party had almost total assets of almost £32 million, including more than £27 million in its bank accounts.
And of that £27m, £13.5 million were reserves:
Not only that, but during a year with a general election and widespread local elections, Corbyn’s party had managed to increase both its cash in the bank and its reserves.
Starmer and Evans, through legal cowardice, lack of vision and leadership and an all-out war on members, have managed to blow almost the lot in not even a year and half.
So much for ‘competence’ or party management, let alone good leadership or a government-in-waiting.
SKWAWKBOX needs your help. The site is provided free of charge but depends on the support of its readers to be viable. If you can afford to without hardship, please click here to arrange a one-off or modest monthly donation via PayPal or here to set up a monthly donation via GoCardless (SKWAWKBOX will contact you to confirm the GoCardless amount). Thanks for your solidarity so SKWAWKBOX can keep bringing you information the Establishment would prefer you not to know about.
If you wish to republish this post for non-commercial use, you are welcome to do so – see here for more.