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Ed Miliband's party is nearly £10m in debt, compared with the Tories' (£2.6m) and Lib Dems (£416,989)
The Labour party has lost most of its individual donors since Ed Miliband became leader leaving it largely dependent on unions and opposition funding from parliament, Electoral Commission figures reveal.
About 87% of donations to Labour came from the unions with only two donations registered from individuals and one of those was the party's former spin doctor, Alistair Campbell. The party is now nearly £10m in debt.
Figures compiled by the Conservative party show that in the same period last year, when Gordon Brown was prime minister, just 51% of donations were from unions. Donations to political parties registered between January and March this year reveal that the Tories received £3.6m, Labour £2.8m and the Liberal Democrats just £762,645. The union Unite is still Labour's biggest source of funding, donating £1,068,075 in the first quarter of 2011.
The Conservatives' healthy bank balance is still largely dependent on its donors from the City and industry. JCB Research, owned by Sir Anthony Bamford who was recommended by the prime minister last year for a peerage but turned down, gave £200,000; the party's chief fundraiser and property tycoon David Rowland gave £94,970; and the city financier Michael Farmer £82,000.
Labour now has £9,836,512 in outstanding loans, compared with the Tories' £2,612,497 and Liberal Democrats' £416,989.
Sayeeda Warsi, chairman of the Conservative party, said: "Ed is now more dependent on unions than even his mentor Gordon Brown."
A Labour party spokesperson, said: "A number of trade unions are democratically affiliated to Labour party and make contributions accordingly, but the party receives income from a range of sources."
