The Northumberland branch of the National Mineworkers’ Union lent Ian Lavery £72,000 in 1994 at below market rate. The loan was written off 13 years later Carl Court/Getty ImagesJeremy Corbyn’s campaign chief received at least £147,000 from a ten-member trade union he ran, the regulator has found. Ian Lavery, a shadow minister and Labour party chairman, was lent £72,500 for a house from the Northumberland branch of the National Union of Mineworkers (NUM) when he was general secretary. Mr Lavery and his wife kept £18,000 from the endowment policy, the report found. He also received nearly £90,000 in “termination payments” from the union when…

Source: The Times October 20, 2017 08:04 UTC