Labour's secret loan operation generated more than £10m
· Blair concedes mistake over not telling treasurer
· Role of PM to be curbed in nomination of honours
Patrick Wintour, political editor
Friday March 17, 2006
The Guardian
Labour may have gathered as much as £10m in secret loans before the election, more than double the figure revealed so far, one of the party's most senior party fundraisers admitted yesterday.
He said Labour had taken the money before the election after its bankers were unwilling to give the party a larger overdraft.
At one of his most difficult monthly press conferences, the prime minister conceded he had made a mistake in not telling the Labour party treasurer, Jack Dromey, about the loans. He said he took personal responsibility, but was unable to explain the reason for leaving Mr Dromey out of the loop.
http://politics.guardian.co.uk/labour/story/0,,1733038,00.html