Party finance: Labour exploits its advantage

Abstract

The 2024 General Election took place in the context of important legislative change related to party finance, together with Labour’s growing popularity ultimately being reflected in significant growth in its income as the election approached. The combination of increased campaign spending limits and Labour’s relative success in fundraising in the months leading up to the election meant that Labour was better able to exploit its ability to raise income and spend accordingly in the election campaign. By way of contrast, both the Conservatives and Liberal Democrats were financially far worse off than they had been in 2019.