Union income struggles to keep up
Unions are finding it increasingly difficult to balance their books as income struggles to keep up with growing expenditure.
The latest figures from the government's certification officer show that overall unions are still in surplus, but the gap between income and expenditure is now very narrow at only £6.6 million - less than 1% of total income.
Total income for all 208 TUC and non-TUC unions was £849.5 million in 2002-03, 2.9% higher than a year earlier. Expenditure in the same period was £842.8 million, 3.8% higher than in the previous year.
These figures are distorted by a financial reorganisation at the BMA. If the BMA figures are excluded, the unions were operating at a slight loss.
Among the 16 largest unions with more than 100,000 members, six - UNISON, GMB, PCS, CWU, Prospect and GPMU - were running at a loss. However, union attempts to reduce spending are also having an effect. Six unions - Amicus, the T&G, PCS, CWU, UNIFI and GPMU - spent less in 2002-03 than a year earlier.
Union finances 2002-03
Unions with over 100,000 members:
Union Income Surplus/deficit
UNISON (public services) £124.7m -£1.36m
Amicus (manufacturing/services) £71.3m £3.82m
T&G (general) £72.7m £1.93m
GMB (general) £47.3m -£5.30m
RCN (nurses) £19.3m £0.00m
USDAW (shopworkers) £25.1m £1.59m
PCS (public services) £21.8m -£6.98m
CWU (communications) £28.4m -£2.23m
NUT (teachers) £23.1m £0.28m
NASUWT (teachers) £19.4m £1.63m
UNIFI (finance) £14.0m £2.38m
BMA (doctors) £102.5m £14.35m
UCATT (construction) £6.9m £1.97m
ATL (teachers) £11.6m £0.10m
Prospect (specialists/managers) £12.9m -£0.53m
GPMU (print and media) £22.4m -£2.55m