RSSMix.com Mix ID 8249793:Labour made 10 times as much cash in membership fees than the Tories as they enjoyed a record financial advantage over them of £20m last year on BenGummer.net
SUPER-RICH Labour enjoyed a record financial advantage over the Tories after raising £21million more than them last year.
And Jeremy Corbyn’s party received nearly ten times more cash than their rivals in membership fees, heaping more pressure on Theresa May.
Jeremy Corbyn’s party enjoyed a record financial advantage over the ToriesPALabour raised £49.8million in revenue in 2016, their second-highest amount ever raised since their record amount of £51.1million the year before.
The Tories raised just £28.3million, a huge drop from £41.9million in 2015 and their lowest since 2013 – when they raised £25.3million.
And they spent just £27.75million, down from £41million in 2015 – compared with Labour’s spending of £43.3million.
Meanwhile the coffers of opposition swelled after the surge in party membership, mainly due to interest in voting the leadership contest between Mr Corbyn and challenger Owen Smith.
They took in £14.4million from membership fees, compared with the Tories who received just £1.5million.
In 2015 Labour’s membership income was £9.5million and the Tories’ was £800,000, according to figures published by the Electoral Commission.
Jeremy Corbyn’s party received nearly ten times more cash than their rivals in membership feesAPIt is not known how many members the Tories now have but it is thought the figure might have dipped below 100,000. In 2013 it stood at 150,000.
Whereas the most recent estimate of Labour Party membership from last March was 517,000, and is thought to be much higher now.
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A Labour Party spokeswoman said: “Labour is a mass membership party, proud to be funded by our members and working people.
“It is this broad funding base that makes us the party of ordinary working people, while the Tories increasingly rely on a small pool of super-rich donors.”
But the Tories still made more in donations last year than LabourReutersBut although Labour took in much from members, the Tories still made more in donations last year.
Theresa May was handed £19million in donations while Labour received £14.7million – though both were down on 105, which was a General Election year.
Elsewhere the Lib Dems trousered £8.5million and spent £7.7million, while Ukip had an income of £3.3million and expenditure of £2.9million.
The SNP outspent their earnings, with an income of £4.8million and expenditure of £6.1million.
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Author: Alain Tolhurst RSSMix.com Mix ID 8249793
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