Labour Out-Raises Tories

Labour raised more money than the Tories and the Lib Dem’s combined in 2017, raking in almost £56 million, new figures from the Electoral Commission reveal.

According to the Electoral Commission’s recent records, last year Labour hauled in the largest amount of cash ever raised by a political party in a single year. Having a membership 5 times the size of the Conservatives is beginning to tell financially, Tory income from their members dropped from £1.4 6million to £835,000 in a year, the same year in which Labour got £16 million from members. Tory donors have had more than enough of Theresa May.

Labour also spent £10 million more than the Tories…

UPDATE: An eagle-eyed co-conspirator spots that Tory legacies were up from £300,000 to £1.7 million, meaning that they made twice as much from dead Tories as their living members. For CCHQ their members are actually worth more dead than alive..

UPDATE II: Apparently CCHQ only retains a nominal £5 levy from each standard membership subscription. £20 goes to the local party and thus does not appear on CCHQ’s accounts. Which would mean that total membership income – based on the 97,403 figure given for membership – was more like £2 million.

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Quote of the Day

Peter Mandelson tells Emma Barnett…

“I think that Jeremy Corbyn himself should search his conscience and ask himself whether he’s the best person to lead the Labour Party into the general election with the best chance of success for the party.”


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