IN DEPTH

SNP’s finances in dire straits as Labour takes the lead

The SNP’s fundraising has collapsed, with the party now reliant on bequests from dead supporters and short money from Westminster

ILLUSTRATION BY JAMES COWEN
The Sunday Times

Ever since Watergate, “Follow the money” has been a time-honoured guide to both political scandal and the relative health of political parties. Money follows winners and for more than 15 years this has ensured that, in Scotland, money has flowed to the SNP at the expense of all its political rivals.

It is a mark of a change in the prevailing political wind that this is no longer the case. Labour, not the SNP, is now the party setting the financial pace in Scotland.

It is three years since Nicola Sturgeon told the SNP’s ruling body, the national executive committee: “There are no reasons for people to be concerned about the party’s finances.” Since then the party’s fundraising has collapsed. In the year that Humza