Labour £4.8m in deficit after redundancy payouts and membership losses | Labour

Labour lost more than 91,000 members last year and recorded a £4.8m deficit, caused by staff redundancies, a drop in membership subscriptions and ongoing legal battles with former staff members.

But the party also raised significantly more than the Conservatives over the course of last year, bringing in more £45m compared with about £31m by the Tories.

The party treasurer’s report, logged with the Electoral Commission, declared Labour had 432,213 members as of 31 December 2021, compared with 523,332 the previous year.

The report described the year as “difficult and demanding” but said a return to campaigning activities and the party’s annual conference post-Covid would begin to return the party to normal operations.

Labour’s membership increased significantly during Jeremy…

Continue Reading

News Source:

Leave a Reply

Your email address will not be published.