On Labour’s Money

I was looking through the LP’s finance report presented to#Lab19, which has the 2018 7 2017 figures in it. I had previously discovered that at the end of 2018, the Labour Party had £20.8m “cash in hand” and so it had become a surprise to me that we had only spent £8m on the General Election, when we had spent £11m in 2017.

But this time round I found some other things that piqued my interest

1. The Labour Party made a surplus of £1.4m in 2017, the year of a General Election that we lost by 2,500 votes. Why is this?
2. Income from Affiliations is the third largest source of income, after membership fees, and the front bench “short money” grant.
3. On the expenditure front, they spent £3m (6%) on “Grants and payments to CLPs”.

For context, total income in 2018 was £46.3m and membership fell by 8.1% (45,914) from 564,433 to 518,519.

There’s a chart of the sources of income oveleaf/below …