In the narrative to follow, I will set out the 2023 Labour Party Finances reported in the Annual Report of Labour Party 2024. This report has been sent to members and will be presented and endorsement sought at the Annual conference of @UKLabour in September 2024. In 2023 the Labour Party reported a deficit of £0.85m compared with a surplus of £2.7m in 2022. Behind this figure is a dramatic increase to (mainly individual) donations, of £10.5m and an increase to running costs of £6m.

When I analysed the 2021 accounts of @UKLabour last year , I observed that the drop in membership income, combined with other high overhead costs indicated that the financial health of the Party was at risk. The 2022 accounts will be published in September, but meanwhile I have extracted donation data from the electoral commission political financial database here electoralcommission.org.uk

@Keir_Starmer oversaw the worst financial performance and the greatest deterioration in Party finances for @UKLabour for at least a decade. My analysis of the 2021 accounts follows. @UKLabour made a loss on income and expenditure of £5.2m in 2021

How to tackle the current climbing Inflation:
Consumer price index (CPI) June 2022 stood at 8.2%.
From the ONS report linked below:
ons.gov.uk/economy/inflat… "The main drivers of inflation were from housing and household services (principally from electricity, gas and other fuels, and owner occupiers' housing costs) and transport (principally from motor fuels)."

I've completed a more detailed review of the 2020 accounts of @UKLabour in advance of the meeting to present them at Conference this Saturday 25th September. I have a number of observations and questions. The overall position in 2020 is that of a deterioration in all financial respects.

I've analysed the accounts of @UKLabour for 2020. It's clear that the 2020 financial position deteriorated on all measures compared with 2019, and on all measures was the worst financial position since the Party emerged from debt in 2015. This is the case for income and expenditure, net assets and reserves. At the end of 2020, @UKLabour was teetering on the edge of a minimum reserve level. And yet this was not stated in the accounts.

I've heard the *Labour Together" is getting some generous funding from Donors, so I thought I'd have a look at where the money was coming from. There's more than £1m funding recorded on the Electoral Commission database since 2015 I've highlighted the main donors. They are Trevor Chinn and Martin Taylor- the persons who supported the Leadership campaigns of @Keir_Starmer and @AngelaRayner as set out in my previous threads.

How are @UKLabour finances doing in these tumultuous times? I have reported previously on the 2019 accounts:

https://twitter.com/VoteEsther/status/1322942752611569671?s=20

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In 2019 Labour reported break-even. But data set out below suggests that the Party is likely to move into the red in 2020 & more so in 2021. Here’s @UKLabour donation funding from the final quarter of 2017 to the third quarter of 2020 (the latest available) and excluding Electoral Commission Funding

It's chilling that @AngelaRayner, at the JLM Conference, today stated that @UKLabour may have to suspend thousands and thousands of members if they don't "get real" about antisemitism. That's in the context of an estimated 0.03% of incidence amongst members (150). Last week I looked at @Keir_Starmer's donors for the Leadership election. Now I'm going to look at @AngelaRayner's. He who pays the piper plays the tune, as they say, I will focus on non-Union donors of cash, of £10,000 and above.

@Keir_Starmer chose not to publish details of the donors to his leadership campaign until the polling had closed. Why was that? Let's look at the donations and the donors. The only material individual (non-union) donor declared before March 2020 was Robert Lantham's donation of £100,000 (Lantham was a colleague in Starmer's Chambers. We all knew that Starmer's campaign was costing a lot more than that (what did you do with that poster?)