The Labour Party is losing members at a rate of 250 a day, according to the rulingnational executive committee (NEC).
Under Sir Keir Starmer the party’s membership has tumbled by a fifth since April last year, when the MP for Holborn and St Pancras took over from Jeremy Corbyn.
At the time there were 550,000 paid-up members on the Labour Party books. Today that number stands at 430,000.
David Evans, the general secretary, announced job cuts at an all-staff meeting this week and said that the party’s finances had suffered because of its loss of members and the amount it has had to spend on court cases.
Voluntary severance pay has been offered to staff and it is understood that the goal is to lay off at least 90 people.
Responding to the news of layoffs, Momentum co-chair Andrew Scattergood said: “This will have dire consequences for working staff who will lose their jobs and seriously threatens our chances for a general election.
“Starmer promised competition, eligibility and socialist politics; in each one of them it is failing completely. We need the support of a massive membership and committed unions to stop this financial decline, and that means we must be a party that fights for the interests of workers. “
Unite the Union decided last year to cut funding for Labour by 10 per cent.
Party insiders hoped the new leadership could attract high-net-worth individuals as new private donors, yet it appears such efforts have so far not been fruitful.
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .