BusinessCompany NewsLabour trounces Tories on annual results

Labour trounces Tories on annual results

If the next general election was decided on the financial health of the political parties, the Labour Party would trounce the Conservative Party after the Electoral Commission released their annual results for 2003.

Link: Tories claim Labour planning tax rises

The Tories ran up a £2.3m deficit last year while Labour recorded a surplus of £2.64m.

High running costs – up from £7.7m in the nine months to December 2002 to £13.6m last year – resulted in the deficit at the Conservatives Party, the Financial Times reported.

Labour turned around a loss in 2002 of £924,000 as a result of tight cost controls and rising income from trade union affiliation fees

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