Labour admit Jezfest music and politics event failed to make a profit
1 min read
A Labour-run music and arts festival featuring Jeremy Corbyn, John McDonnell and a host a bands failed to make a profit, the party has admitted.
The Labour LIVE event - dubbed 'Jezfest' - was held in Tottenham, north London, in June.
Among the acts who performed were Reverend and the Makers, Magic Numbers and Declan McKenna, while speakers included Owen Jones and Alex Nunns.
However, it was hit by poor ticket sales, forcing organisers to give away thousands of them away for free, despite originally being priced at up to £35.
At Labour's conference in Liverpool, Diana Holland, treasurer of the party's ruling National Executive Committee, admitted they had dipped into their reserves in order to cover the losses.
To loud applause from the conference hall she added: "I don't think that was why it was organised."
Some estimated that the event could end up losing the party as much as £1 million.
However, party members will have to wait until Ms Holland's annual report next year to find out how much of a loss the event made.
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