Labour party shows higher income than other parties
There are ways to increase the funds in your savings account if you research opportunities that work for you
09:28 03 August 2013
A recent report of the income from various political parties says that the Labour party makes more than most of the other parties. This may change after the stipulation that members cannot be automatically enrolled, but must specifically select the party.
The Labour party currently receives much of its funding through unions, but also through membership fees, similar to your savings account that accumulates interest simply because you initially deposited an amount. Here are a few ways to make your money earn even more:
- Savings account—you can choose from a variety of different savings accounts to invest your money in. Regular savings accounts don’t earn very much interest typically in comparison with Independent Savings Accounts but you might decide to have both types if you plan to invest more than the annual cap.
- Businesses—in addition to putting money in a savings account, you can research some business start-ups and invest in one of those. If you find a promising company and help start the business, you may be able to benefit from a large return on investment.
- Self-employment—while starting your own business is not necessarily a possibility for everyone, with a reasonable sum in a savings account you could start your own business and reap the rewards. Plan for a few years to operate without a profit, but then you might be surprised at the payoff later.
- Stocks and shares—there is a Stocks and Shares Independent Savings Account, but you could also speak with a financial professional or investment banker to receive advice and help with investing in particular stocks and shares.
- Reinvest—once you find something that is working well, use some of the funds that you have acquired to reinvest in the opportunity and increase the funds sitting in your savings account or investment portfolio.