Tribune has been following the Labour Party refinancing saga closely - seemingly the only good source of info for ordinary members on how the £21 million debt, largely from the 2005 election campaign, will be handled. The saga moves on another notch today.

Tribune today has a dramatic article about Labour Party attempts to reschedule up to £14 million of loans, and that NEC members could be personally liable for the debts if legal action is taken. Apparently a last resort of converting the party into a limited company is being considered by some, to protect the NEC members from liability!

I have had quite a few helpful "words in my ear" recently from people close to the great and the good wondering where I was going with this post on the future of the NEC.