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  1. Politics
26 September 2010

John Prescott loses race to become Labour treasurer

The third New Labour figure of the week to be defeated.

By George Eaton

Paul Waugh reports that John Prescott has lost the race to become the treasurer of the Labour Party, with Diana Holland, assistant general secretary of Unite, beating the former deputy prime minister to the prize.

With the party still reportedly on the verge of bankruptcy (debts are estimated at more than £20m), she’ll have her work cut out getting Labour battle-ready for 2015.

It’s notable that the three big losers of this week, Oona King, David Miliband and Prescott, are all in their own way closely associated with the New Labour project. The “death of New Labour” has often been proclaimed. But as Ed Miliband told Andrew Marr that “the era of New Labour has passed”, one finally felt as if it was true.

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