THE Labour Party’s membership has fallen by almost 200,000 in five years, its annual accounts showed today.

Figures showed the party lost 37,215 members in 2024, around 10 per cent of its total membership at the start of the year.

The losses bring Labour’s membership to 333,235 at the end of 2024, down on its peak of 532,046 during Jeremy Corbyn’s leadership at the end of 2019.

Reform did not include a membership figure in its own accounts, published by the Electoral Commission, but Reform’s website claimed it had 234,460 members.

The Greens gained 5,000 new members, and the Liberal Democrats suffered a slight dip from 86,599 to 83,174. The Conservative Party does not routinely publish its membership figures.

The main parties reported deficits following last year’s general election.

Labour recorded a loss of £3.8 million after spending £94.5m over the course of the year, while the Conservatives spent £52m and lost £1.9m.