Daily Archives: March 20, 2010

Jim Pickard

Is it bad form to promote your own stories? I’ve no idea. But I revealed in this morning’s FT that Labour managed 18 months ago to agree an interest holiday with the seven remaining millionaires which lent it a small fortune in 2005 – but that it will have to resume interest payments in July.

At an interest rate of 6.5 per cent that means a total of £3m to be paid in the next five-year Parliament – followed by the repayment of £9m capital in September 2015. Here’s the full storyRead more