Labour Party membership has plummeted as almost 200,000 people have deserted Sir Keir Starmer's party.
Figures published on Thursday showed the party had lost another 37,215 members over the course of 2024, around 10 per cent of its total membership at the start of the year.
By the end of 2024, Labour’s membership stood at 333,235.
This is significantly down on its recent peak of 532,046 at the end of 2019, just after the party lost the General Election under former leader, Jeremy Corbyn.
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Labour however remains the biggest party by pure membership numbers, despite surges in support for newer parties such as Reform UK.
While Nigel Farage's party does not publish a membership figure in its own accounts, a ticker on Reform’s website said it had 234,499 members, at time of writing.
Meanwhile, over 650,000 people have signed up to potentially become members of Your Party, which Mr Corbyn co-founded with Coventry South MP, Zarah Sultana.
However, unlike the others, Your Party does not require a fee to join.
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New figures show Labour Party membership has plummeted
|PA
The Liberal Democrats suffered a slight fall in membership from 86,599 to 83,174 despite recording its best electoral results, while the Green Party gained around 5,000 new members.
The Conservative Party does not routinely publish its membership figures in its annual accounts, but did record an increase in income from membership fees of around £500,000.
Around 131,680 people were eligible to vote in the Tory leadership election last year, 40,000 fewer than in the 2022 contest.
Thursday’s accounts also showed both main parties reporting deficits for the year after the most expensive general election in British history.
Over 650,000 people have signed up to potentially become members of Your Party co-led by Jeremy Corbyn
|PA
Labour recorded a loss of £3.8 million after spending £94.5million over the course of the year.
Labour general secretary Hollie Ridley and treasurer Mike Payne said last year’s loss reflected “the need to respond at pace to shifting circumstances in the general election campaign”.
The Conservatives meanwhile spent £52million and lost £1.9million.
The Liberal Democrats and Reform UK recorded surpluses of £1.1million and £1.5million respectively, and the Greens enjoyed a £232,457 surplus.
While most of the details were published by the Electoral Commission on Thursday, Labour’s figures were published on the party’s own website after it was late submitting its accounts to the watchdog.
It is understood that unforeseen administrative delays were responsible for the late submission, while a party spokesman said they expected the Electoral Commission to publish the document “imminently”.
The Electoral Commission said Labour’s “failure to meet the submission deadline” would be “considered in line with our enforcement policy”.