The Carlton Club has reported a deficit for 2024. (Photo by Carl Court/Getty Images)

The Conservative Party stronghold, the Carlton Club, has fallen into the red as it counted the cost of Labour’s victory in last year’s general election.

The private members’ club, which was the original home of the party, said it lost out on revenue after “functions declined due to the cancellation of political events following political changes in 2024”.

The Carlton Club added that rising costs for electricity, gas, laundry and repairs also contributed to an operating trading deficit of £120,000 for the year.

However, the club added that its “membership numbers remain strong” while it also received a £90,000 rebate through government business rates relief for the retail, hospitality and leisure sector

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