The New Nation - Internet Edition

AFP, London

The general secretary of the ruling Labour party announced his resignation Monday over a secret party funding revelation, in the latest blow to Prime Minister Gordon Brown. Peter Watt admitted that he had failed to properly report a donation of nearly 400,000 pounds by a wealthy but secretive businessman, reported by newspapers over the weekend.

"Once I discovered this error, I immediately notified the officers of the (Labour party) National Executive Committee," he said in a statement. "I take full responsibility for the Labour Party's reporting obligations."