Labour Party haemorrhaging funds and members, accounts reveal

The news follows reports of tension between Keir Starmer and the left of his party

LABOUR has haemorrhaged thousands of members and is stuck with a multi-million dollar financial deficit, the party’s latest accounts show.

The party lost nearly 100,000 members last year - falling from 523,332 at the close of 2020 to 432,213 by the end of 2021- and has been left with a £5 million black hole in its accounts.