30/Jul/2014 - Last News Update: 08:56

Party funding: Tories, Labour and Lib Dems suffer fall in 2011 income

Category: Politics

Published: 3rd Aug 2012 09:01:44

The Conservatives, Labour and Liberal Democrats all suffered a fall in income in 2011, official figures have shown.

The parties received substantially lower donations compared to sizeable war chests they built up in 2010 to fight the general election.

However, the SNP's income more than doubled to £5m as the party was given two £1m donations.

The details were included in the parties' 2011 financial accounts published by the Electoral Commission.

The across-the-board fall in donations was expected after parties built up big campaign funds to fight the 2010 election.

Source: Electoral Commission

The Conservatives saw their overall income drop from £43.1m to £23m as donations fell from £30.7m to £14.8m. The party also lost access to short money, payable to parties in opposition.

However, after reducing campaign expenditure, staff overheads and administration costs, the party recorded a £689,000 surplus compared to a £6.2m deficit the year before.

Labour's total income declined from £36.2m to £31.3m as donations dropped from £13m to £4m.

But income from membership rose and the party obtained £7m in short money after leaving government. The party recorded a surplus of £1.07m - down from £3.1m the year before.

The party retained the 38,000 new members it gained in 2010, but added only a further 39 members in 2011.

The Lib Dems saw their donations fall from £4.6m to £1.7m as total income reduced from £9.8m to £6.2m. The party marginally reduced its deficit from £335,611 to £299,977.

However, the party's membership fell by 25% from 65,038 to 48,934, its lowest level for over a decade.

BBC News External Link Show Citation

Latest News

Harvard Citation

BBC News, 2012. Party funding: Tories, Labour and Lib Dems suffer fall in 2011 income [Online] (Updated 3rd Aug 2012)
Available at: http://www.ukwirednews.com/news/1444324/Party-funding-Tories-Labour-and-Lib-Dems-suffer-fall-in-2011-income [Accessed 30th Jul 2014]

News In Other Categories

  • Amazon pledges $2bn India investment

    Amazon, one of the world's largest online retailers, has said it will invest a further $2bn (£1.2bn) to boost its operations in India.
  • Hull's 'expansion' plans anger neighbouring leader

    A council's decision to look at changing its boundaries has been called a "land grab" by the leader of a neighbouring authority.
  • Bristol Academy extends reach overseas with first foreign students

    With the doors to its brand new £1million training centre officially open, one of the UK's leading apprentice training providers, Bristol based S&B Automotive Academy, is showcasing its world-class facilities by launching a series of foreign student exchanges for the first time in its 41-year history. To get a flavour of what life is like as an apprentice in the UK, the Academy hosted 16 apprentice engineers and bus drivers from the G9 Automotive College in Hamburg, Germany, as part of a Europe-wide vocational training initiative called the ‘Leonardo Programme’ with support from the European Social Fund. In a reciprocal arrangement, S&B will be sending nine apprentices to Germany during February 2012 so that they can get an appreciation of life in the automotive industry on the Continent. A further three German exchange groups are being planned for next year. Designed to assist the development of vocational skills and training across Europe, including work placements for trainees, the Leonardo Programme has a budget of €1.75bn, which is helping to encourage UK organisations to work with their counterparts abroad. In what is expected to be another challenging year for employers in the UK automotive sector, S&B’s Chief Executive, Jon Winter, claims that the exchange initiative will bring many benefits to the Academy and its apprentices: “In a world of global automotive brands, it’s important for our learners to understand the international context of the industry they have chosen to make their career. This new exchange programme will enable apprentices and Academy staff alike to achieve a better understanding of the challenges and opportunities within the automotive arena in Europe. With the Academy’s influence also extending to the USA and Asia, there’s every possibility that this initiative could move further afield in the future.” Continued Winter: “The need for skilled technicians across the world is on the increase and we actively encourage our apprentices to look at broader horizons during their training. Many of them have already learned the phrase ‘Vorsprung durch Gelehrtheit’, quite simply, ‘Advancement through learning.” In the 2010/11 academic year, S&B doubled the number of successful Apprenticeships over the previous year with some 350 apprentices graduating from the Academy. At the same time, achievement levels reached an all-time high with an overall success rate of 85%. For those learners on the Advanced Apprenticeship three-year programme, success rates were even higher, at over 98%. PHOTO CAPTION: As part of their exchange visit, S&B Automotive Academy arranged for the German apprentices to visit Hampshire bus operator, Bluestar, at its Barton Park depot. The students are pictured with S&B’s Andy West (3rd right) and Steve Prewett, Bluestar’s Area Engineering Manager (2nd right). Ends http://www.sandbaa.com
  • Scottish independence: KPMG survey says firms 'not planning for 'Yes' vote'

    More than eight out of 10 businesses in Scotland have not planned for a vote for independence, a survey has said.
  • Traffic fears at Bodelwyddan over 1,700 homes plan

    Heavy traffic and demands on Glan Clwyd hospital are some of the concerns raised by villagers in Denbighshire over the prospect of 1,700 new homes being built nearby.
  • The man who plays French horn with his toes

    Felix Klieser was born with no arms, so uses his feet to do most things. This includes eating, dressing, writing ... and being a professional French horn player.