I have just managed to remove both lables that were having the problem (could have been lucky):
- Create a new test post with only a title, no main content and do not add any Labels'.
- In the Post list put a tick in the box to select the newly created test post.
- In the Label Actions drop down box select the miss-reporting Label (Repeat for other Labels).
- When the Labels have been added click on the Delete button to delete the test post Confirm deletion on the next page.
- Back on the post list page put a tick in the box to select the recently deleted post which has been moved to Drafts and click on the Delete button.
- Click Delete it to confirm the deletion. - (If you were lucky it will have deleted the miss-reporting labels.)