Following the success of Reform Limited in fielding a defective, sorry defecting, sorry - correct on both counts - MP, two councillors and a single London Assembly member the Labour Party has panicked and has decided to follow the trend to create a limited company.Â
Labour Party members will be offered the opportunity to buy shares, vote at AGMs which the directors will ignore as in all well-run limited companies (and coincidentally in the current Labour Party), and instead of a shadow cabinet the organisation will have directors with Keir Starmer as Chairman, Rachel Reeves as Company Secretary and Wes Streeting the director responsible for taking the blame when HMRC come knocking.
The new organisation will be listed on the Bonn Exchange and insiders say the new name, Labour Very Limited, is a good description of what it will be able to do once it inherits the mess the Tories are leaving.