Lord Sainsbury, Labour's Biggest Donor, Poised to Quit Government ; Labour Faces Black Hole in Its Finances As Billionaire Minister Gets Ready to Retire

Summary


THE Labour Party faces a new cash crisis amid growing evidence that billionaire donor Lord Sainsbury is poised to quit the Government.

The Science Minister has told colleagues he intends to leave his post after more than five years.

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Extract


Lord Sainsbury, Labour's Biggest Donor, Poised to Quit Government ; Labour Faces Black Hole in Its Finances As Billionaire Minister Gets Ready to Retire

His departure will be a major blow for Tony Blair and could lead to the drying up of a crucial source of revenue for the increasingly cash-strapped party.

The super rich Minister, a former chairman of supermarket giant Sainsbury, is the part...

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