Bankrowling Labour!

JK Rowling has given £1 million to the Labour Party. She must be the only person in the world at this time propping up a failing organisation, other than those using other peoples' money! Rather primly, she says that New Labour has done an awful lot of good for underprivileged children. That's a little at odds with what certain charities say. However, no doubt it makes her feel good.

In some ways this is a redistribution of wealth. Children pay large sums for her Harry Potter books and she gives some back, supposedly for children. I suspect a large slice of her cash will go to pay off Labour debts!

This is a bit more of a publicity stunt and political statement than it is sound financial thinking. If she wants to help children then give it to them straight!