Electoral Commission
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Latest financial accounts published for larger political parties

Financial accounts of political parties and their accounting units in Great Britain, with income or expenditure of more than £250,000, have been published today by the Electoral Commission. The accounts are for the year ending 31 December 2017.

Central party income and expenditure

Ten parties in Great Britain reported having gross income or total expenditure in 2017 of more than £250,000. In total, these parties reported £125,322,000 income and £122,194,000 expenditure. This compares to 12 parties in 2016.

Party

Income

Expenditure

Labour Party

£55,793,000

£54,342,000

Conservative and Unionist Party

£45,947,000

£44,867,000

Liberal Democrats

£9,710,000

£10,454,000

Scottish National Party (SNP)

£5,800,000

£5,098,000

Green Party

£2,472,000

£2,284,000

UK Independence Party (UKIP)

£1,739,000

£1,939,000

Plaid Cymru - The Party of Wales

£1,262,000

£757,000

Co-operative Party

£1,202,000

£1,146,000

Women's Equality Party

£994,000

£931,000

Scottish Green Party

£403,000

£376,000


Accounting unit income and expenditure

Political parties may also register ‘accounting units’ with the Electoral Commission. These are constituent or affiliated units of a political party, including constituency parties, which operate separate finances from the main party.

Eight accounting units reported income or expenditure of more than £250,000. In total these accounting units reported £8,430,000 income and £7,978,000 expenditure.

Party

Accounting unit

Income

Expenditure

Liberal Democrats

England

£3,168,000

£3,005,000

Scottish National Party (SNP)

Westminster Group

£1,567,000

£1,627,000

Liberal Democrats

Parliamentary Office of the Liberal Democrats

£1,032,000

£1,108,000

Labour Party

Scottish Labour Party

£739,000

£715,000

Liberal Democrats

Association of Liberal Democrat Councillors (ALDC)

£612,000

£582,000

Conservative and Unionist Party

Cities of London and Westminster

£448,000

£422,000

Conservative and Unionist Party

Bexleyheath and Crayford

£439,000

£59,000

Liberal Democrats

Scotland

£425,000

£460,000


Comparisons with previous years

The Statement of Accounts figures published today are set out against those from the previous two years in the tables below.  Details of party accounts from 2002 can be found on our website.

Political parties (GB)

 

2015

2016

2017

Income

£117,955,000

£101,250,000

£125,332,000

Expenditure

£115,281,000

£94,251,000

£122,194,000


Accounting units (GB)

 

2015

2016

2017

Income

£8,922,000

£8,394,000

£8,430,000

Expenditure

£7,905,000

£7,984,000

£7,978,000


The deadline for parties and accounting units with income or expenditure of more than £250,000 to submit audited accounts to the Electoral Commission was 7 July 2018. All parties and accounting units submitted accounts by the deadline.

The Commission has also published the financial accounts of parties in Northern Ireland with income or expenditure of more than £250,000.

Full details of the financial accounts published today can be viewed on our website here

Earlier this month the Electoral Commission published the financial accounts of parties and accounting units with income or expenditure of £250,000 or less, for Great Britain and Northern Ireland.

For further information contact the Electoral Commission press office on 020 7271 0555 or press@electoralcommission.org.uk

Out of office hours 07789 920 414

Notes to editors:

  1. The Electoral Commission is the independent body which oversees elections and regulates political finance in the UK. We work to promote public confidence in the democratic process and ensure its integrity by:
    • enabling the delivery of free and fair elections and referendums, focusing on the needs of electors and addressing the changing environment to ensure every vote remains secure and accessible
    • regulating political finance – taking proactive steps to increase transparency, ensure compliance and pursue breaches
    • using our expertise to make and advocate for changes to our democracy, aiming to improve fairness, transparency and efficiency

    The Electoral Commission was set up in 2000 and reports directly to the UK and Scottish Parliaments.

  2. Accounting units with income and expenditure that are either £25,000 or less are not required to submit their accounts.
  3. The fact that a Statement of Accounts has been placed on the Commission’s website should not be taken to indicate that the Electoral Commission has verified or validated it in any way.
  4. Central party figures do not include income and expenditure from party Accounting Units.
  5. Figures for income and expenditure have been rounded to the nearest £1,000. Please see online database for exact amounts.
  6. Details of how failures to submit Statement of Accounts by the deadline have been dealt with in the past can be found in our publication of Closed Cases.

 

Channel website: https://www.electoralcommission.org.uk

Original article link: https://www.electoralcommission.org.uk/i-am-a/journalist/electoral-commission-media-centre/news-releases-donations/latest-financial-accounts-published-for-larger-political-parties

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