"states that hundreds of thousands of pounds were donated to the party by supporters in good faith, but have since remained beyond its reach, which they describe as being extremely frustrating and disheartening. It added a small portion of the funds was transferred to the party on Thursday which they said was insufficient and they will continue to pursue the immediate transfer of all the money donated."
"Your Party's founding purpose is to stand for the many against the few who hold the wealth and power in our country. Thousands of ordinary people have given their time and money to build a real alternative to endless cuts and endless war. A dedicated team of volunteers has been working on a shoestring budget to deliver a founding conference at the end of the month."
Your Party, set up by Jeremy Corbyn and Zarah Sultana, faces a dispute over large supporter donations. Hundreds of thousands of pounds were donated in good faith but have remained beyond the party's reach, causing frustration and dismay among leaders and volunteers. A small portion of funds was transferred on Thursday and was described as insufficient, with party figures saying they will continue to pursue immediate transfer of all donated money. Sultana offered to transfer £600,000 from a founders' company but was reportedly rebuffed by allies who accused her of playing political games. Volunteers on a shoestring budget are preparing a founding conference and say lack of funding severely restricts capacity.
Read at www.theguardian.com
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