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By Matt Scuffham and Kylie MacLellan LONDON (Reuters) - Britain's Labour Party is considering moving a 1.2 million pound loan with the troubled Co-operative Bank to Unity Trust Bank, which is controlled by the country's trade unions, sources familiar with the matter said on Thursday. The sources said discussions were at an early stage and emphasised Labour would continue to bank with the Co-op, a major lender to Britain's main opposition party. "We constantly review our financial arrangements and any decisions taken, including any consolidation of loans, are done for commercial reasons," a Labour party spokesman told Reuters. The BBC reported earlier that Labour would look to move all its current account facilities to the Unity Trust Bank once the loan had been moved.