Jeremy Corbyn confirms plan to create new political party with Zarah Sultana
In a message on X, formerly Twitter, he said it was 'time for a new kind of political party - one that belongs to you'.
It will be a joint venture with former Labour MP Zarah Sultana.
Earlier this month, Ms Sultana announced plans to set up a new left-wing political party alongside Mr Corbyn, taking aim at Keir Starmer's government for having 'completely failed to improve people's lives'.
She promised to offer an alternative to 'managed decline and broken promises'.
Mr Corbyn said his party would tax the rich and invest in council houses.
He also said it would support Palestine and be 'made up of people of all faiths and none'.
The former Labour leader said the left-wingers would 'only assist the enemies of Labour' by forming a breakaway challenger party.
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