MP Zarah Sultana has said that she is resigning from the Labour Party after 14 years as a member to "co-lead the founding of a new party" with Jeremy Corbyn.
Will it be a success? It 'depends what success means,' comms expert Max Wilson (00:00) tells Nick Ferrari - who also hears from LBC caller Adam (03:52), who welcomes the creation of this new party.
Ms Sultana, who has sat in the Commons as an independent MP since she had the Labour whip withdrawn last year, represents the Coventry South constituency.
She cited reasons such as the government scrapping winter fuel payments for pensioners, cuts for disabled people and the two-child benefit cap.
She also accused the government of being an "active participant" in genocide.
"We are not going to take this anymore. We're not an island of strangers; we're an island that's suffering," she said in a statement announcing her resignation.
She added that in 2029, "the choice will be stark: socialism or barbarism.
"Billionaires already have three parties fighting for them. It's time the rest of us had one."
However, now the Sunday Times Whitehall editor says Jeremy Corbyn has not decided to join new party with Zara Sultana 'yet', according to reports.
"He is furious and bewildered at the way it has been launched without consultation," Gabriel Pogrund said.
Her full statement reads: "Today, after 14 years, I'm resigning from the Labour Party.
"Jeremy Corbyn and I will co-lead the founding of a new party, with other Independent MPs, campaigners and activists across the country.
"Westminster is broken but the real crisis is deeper. Just 50 families now own more wealth than half the UK population. Poverty is growing, inequality is obscene and the two-party system offers nothing but managed decline and broken promises.
"A year ago, I was suspended by the Labour Party for voting to abolish the two-child benefit cap and lift 400,000 children out of poverty. I'd do it again. I voted against scrapping winter fuel payments for pensioners. I'd do it again.
Now, the government wants to make disabled people suffer; they just can't decide how much.
"Meanwhile, a billionaire-backed grifter is leading the polls, because Labour has completely failed to improve people's lives. And across the political establishment, from Farage to Starmer, they smear people of conscience trying to stop a genocide in Gaza as terrorists.
"But the truth is clear: this government is an active participant in genocide. And the British people oppose it.
"We are not going to take this anymore. We're not an island of strangers; we're an island that's suffering.
"We need homes and lives we can actually afford, not rip-off bills we pay every month to a tiny elite bathing in cash. We need our money spent on public services, not forever wars.
"In 2029, the choice will be stark: socialism or barbarism.
"Billionaires already have three parties fighting for them. It's time the rest of us had one."
Responding to Zarah Sultana's statement, a Labour spokesperson said: "In just 12 months, this Labour government has boosted wages, delivered an extra four million NHS appointments, opened 750 free breakfast clubs, secured three trade deals and four interest rate cuts lowering mortgage payments for millions.
"Only Labour can deliver the change needed to renew Britain."
Responding to Zarah Sultana's statement, a Labour spokesperson said: "In just 12 months, this Labour government has boosted wages, delivered an extra four million NHS appointments, opened 750 free breakfast clubs, secured three trade deals and four interest rate cuts lowering mortgage payments for millions.
"Only Labour can deliver the change needed to renew Britain."
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