Labour “on the verge of bankruptcy”: 8 in the morning – August 20th

8am

By Mark Ferguson / @markfergusonuk

* John Prescott says Labour are £20 million in debt as he makes his pitch to be party treasurer.

* Meanwhile the latest Tory treasurer has quit.

* Gordon Brown urges improved assistance for Pakistan in wake of flooding.

* The FCO has warned Libya against celebrating the anniversary to the Lockerbie Bomber’s release.

* No degree course? Try volunteering instead says Tory minister to A level students.

* The government is considering changing benefits for drug addicts.

* Next Left say that Tax avoidance will get easier before it gets harder.

* And the Australian election is too close to call.

More from LabourList

DONATE HERE

Do you value LabourList’s coverage? We need your support.

Our independent journalists have been on the ground during this local and by-election campaign, which marks the first key electoral test of Keir Starmer’s government. 

We’ve been out and about with Labour activists and candidates across the country from Bristol to Hull, and will soon be heading to Cambridgeshire and Lancashire – as well as Runcorn and Helsby. We’ve also polled readers for their views on the campaign.

LabourList relies on donations from readers like you to continue its fair, fast, reliable and well-informed news and analysis. We don’t have party funding or billionaire owners. 

If you value what we do, set up a regular donation today.

DONATE HERE