Is the Labour party facing bankruptcy in 2008?

It may be a fanciful prediction, as its author Robert Winnett accepts, but it is certainly worth a read in the Telegraph. They've been hovering around £20 million in debt. And I would have thought that it is difficult for them to get donations these days. However, old Lord Sainsbury recently helped them out and if they delay an election until 2009 or 2010 (as has been mentioned in some quarters), then I would have thought they would just about keep the wolf from the door.