Lib Dems Might Actually Go Bankrupt!
I wrote a post a week or so ago asking whether the Lib Dems would go bankrupt after Michael Brown was convicted of being a bogus businessman, thus making his donation of £2.4 million through his company illegal. However, I was just being facetious, and never expected it to be a real possibility since I thought they were bound to be able to persuade donor(s) of some form to step in.
But with the resignation* from the party of their biggest long-term donor, it actually seems like it could actually happen. After all, in the last quarter they were given less than £600,000, and despite their compartively low level of debt – as compared with the other parties – it seems unlikely that they could really continue without a very large number of grassroots donations.
* It really seems hard to understand why he was in the Lib Dems at all considering his policy demands being to lower taxes – something which the Lib Dems had been proposing the exact opposite of until very recently! And if these proposals remain a requirement of his suport, one doubts that he will be finding a home in either the Conservatives or Labour any time soon.
