Article: Labour left GBP 27m in red by costly general election

THE LABOUR party has been plunged GBP 27.3 million into the red by the most expensive election campaign on record, as questions were raised over the terms of its loans from private bankrollers.

Labour spent nearly GBP 15.2 million at the last general election. The Conservative party spent GBP 15.7 million, with total debts of GBP 26.4 million.

The figures are provoking concern privately within the Labour party and Hazel Blears, the party chairman, yesterday acknowledged Labour was in a "fairly challenging position" financially.

While the Tories continued to resist naming all their millionaire lenders, Labour published the names of 14 individuals who lent GBP

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