Jeremy Corbyn says he is getting 500 people a minute wanting to join his new political party
Labour's membership has significantly declined, falling to 333,235 at the end of last year from a 2019 peak of 532,046, with 37,215 members leaving in 2024.
Despite the losses, Labour remains the UK's largest party by membership, though Nigel Farage's Reform claims 234,460 supporters and a new party led by Jeremy Corbyn has over 800,000 registered.
Financial reports show Labour recorded a £3.8 million loss and the Conservatives a £1.9 million loss, while the Liberal Democrats, Reform UK, and Greens all reported surpluses.
Labour faced scrutiny for the late submission of its financial accounts to the Electoral Commission, which is now reviewing the party's failure to meet the deadline.