Jeremy Corbyn has confirmed he plans to create a new political party with Zarah Sultana.
The former Labour leader today announced the core principles of the group, together with five key policies he wishes to enact should he gain enough support.
Corbyn said the party will tax the richest in the UK, redistribute wealth and power, stop privatisation of the NHS and renationalise energy, water, rail and mail, invest in council-house building and stand up to fossil fuel giants.
Writing on X, Corbyn said it was “time for a new kind of political party”, encouraging people to sign up with a link pointing towards a website called 'Your Party', but did not reveal what the party would be called.
Then, in a joint statement, the former Labour duo said: “The system is rigged.
“The system is rigged when 4.5 million children live in poverty in the sixth richest country in the world.
“The system is rigged when giant corporations make a fortune from rising bills. The system is rigged when this Government says there is no money for the poor, but billions for war.
“We cannot accept these injustices - and neither should you.
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|Jeremy Corbyn and Zarah Sultana launched their new political party today
“We will only fix the crises in our society with a mass redistribution of - wealth and power.
“That means taxing the very richest in our society. That means an NHS free from privatisation and bringing energy, water, rail and mail into public ownership. That means investing in a massive council-house building programme. That means standing up to fossil fuel giants putting their profits before our planet.
“Meanwhile, millions of people are horrified by the Government's complicity in crimes against humanity.
“Now, more than ever, we must defend the right to protest against genocide. We believe in the radical idea that all human life has equal value.
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|Jeremy Corbyn made a small post accompanying the joint statement
“That is why we will keep demanding an end to all arms sales to Israel, and for the only path to peace: a free and independent Palestine.
“Our movement is made up of people of all faiths and none. The great dividers want you to think that the problems in our society are caused by migrants or refugees. They're not. They are caused by an economic system that protects the interests of corporations and billionaires.
“It is ordinary people who create the wealth - and it is ordinary people who have the power to put it back where it belongs.
“It's time for a new kind of political party. One that is rooted in our communities, trade unions and social movements. One that builds power in all regions and nations. One that belongs to you.”
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|Zarah Sultana expressed frustration over reporting that the group was called 'Your Party'
The former Labour leader and Sultana then urged voters to sign up before announcing the new party would hold a conference to “decide the party's direction, the model of leadership and the policies that are needed to transform society”.
However, just minutes after launch, Sultana expressed frustration over reporting that the group was called "Your Party", replying to several tweets saying: “It’s not called Your Party!”
The party, which was announced by Sultana earlier this month, had a tumultuous rollout after Corbyn initially failed to say whether he would be involved with the party.
Sultana announced her resignation from Labour after being suspended for backing a move to scrap the two-child benefit cap, saying her new party aims to challenge a “broken” Westminster system.