Party claims financial position still strong as it continues to hold a commanding lead in opinion polls

Labour has suffered a sharp fall in membership over the past two months following controversies over its policy on Gaza and its U-turn on green investment, according to figures released to its National Executive Committee (NEC). The drop of more than 23,000 members comes despite the party holding a commanding lead in the opinion polls, which suggests it is now seen by the wider electorate as ready and able to form the next government, after 14 years of Tory rule.

Labour sources said the party’s overall financial position remained strong despite membership subscriptions falling off, because donations large and small were healthy, and the expectation was that the unions would still give very substantial backing to the election effort.

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