Jeremy Corbyn and MP Zarah Sultana announced a new political party in the UK, temporarily named “Your Party,” aiming to address social injustices and challenge what they call a “rigged” system. Their joint statement outlines policy goals including mass wealth redistribution and support for a free and independent Palestine. The party’s official name and structure will be determined at an inaugural conference. The announcement follows declining support for Labour leader Keir Starmer after last year's general election and internal party conflicts over welfare spending and Israel-Palestine relations.

Corbyn, a former Labour leader known for his left-wing views, was suspended from the Labour party in 2020 following a probe into anti-Semitism allegations, which he disputed. Sultana, also previously suspended from Labour, has been a vocal critic of the party's policies. Both ran as independents in the last election and intend for the new party to be rooted in communities, trade unions, and social movements.

Impact Statement: The launch of this new party could significantly impact the UK political landscape, potentially drawing support from left-leaning voters dissatisfied with the Labour party's current direction.