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.


https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/629446/Appendix_4_Cert_Off_Ann_Rep_2016-2017_1.pdf

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/629399/Cert_Off_Ann_Rep_2016-2017.pdf