Labour reportedly wants to move a £1.2m loan from the scandal-hit Co-op Bank to the trade union-controlled Unity Trust Bank. But could this all be smoke and mirrors?
Siobhan Kennedy
It’s taken three days of torrid headlines, but today Labour has finally come out fighting about its association with the crystal Methodist and former Co-op banker Paul Flowers.
Siobhan Kennedy
Another day, another executive bites the dust at the Co-operative – this time the group’s chairman Len Wardle has stood down with immediate effect.
Siobhan Kennedy
That a Reverend – Paul Flowers – was caught on camera buying crack cocaine and crystal meth is bad enough. That he’s the former chairman of the Co-operative bank couldn’t be any worse.
Siobhan Kennedy
The idea that money men are taking control of the Co-op may be the worst outcome precisely because all the money men care about ultimately is money.