Labour Research September 2017

Union news

Union finances rosy

Trade union finances improved overall in the latest reporting period, according to figures collated by the union watchdog, the Certification Officer (CO). 

Gross income totalled £1.29 billion, an increase of 4.8% on the previous year rise, while gross expenditure fell by 10.6% to £1.09 billion. 

Total funds at the end of the period rose by 42.0% to £1.52 billion, though the scale of this change partly reflected a change in accounting standards.

The figures, set out in the CO’s annual report for 2016-17, are for all 138 unions listed by the CO, including non-TUC unions.