Income of Labour and Lib Dems up as Tory funds fall, accounts show

Labour’s Keir Starmer (left) and the Lib Dem leader, Ed Davey, whose parties have recorded rising incomes. Photograph: Guardian composite/AP

Labour and the Liberal Democrats both recorded an increase in their incomes last year, primarily from donations, while funds in the Conservatives’ coffers fell, according to newly released accounts that appear to show ebbing financial support for the Tories.

Labour received an income for the year to the end of December that was more than 50% higher than the Conservatives’, totalling £47.2m for Keir Starmer’s party compared with just over £30.5m for Rishi Sunak’s.