struggling to renegotiate with 11 wealthy businessmen up to £14m worth of loans
falling due over the coming months.
The secret credit extended by the businessmen reportedly helped the party out
in 2005 and all but one of the millionaires have met Jon Mendelsohn, chief party
fundraiser, at accountancy firm
KPMG to negotiate a single
agreement to defer the loans for up to nine years, the Financial Times
However, property tycoon Andrew Rosenfeld was not at the meeting, triggering
alarm among Labour officials he might want his money back on time while others,
including Chai Patel and Sir David Garrard, are understood to be moving closer
to signing a deal after long and complicated discussions.
Labour has insisted its auditors will sign off the party’s annual accounts by
Monday, in spite of fears about its increasingly precarious financial position.
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.
Kevin Reed discusses whether new accountancy group Cogital can rival the Big Four...and its likely direction of travel