• Jeremy Corbyn launches a new left-wing political party named “Your Party”.
• The party seeks to advocate for mass redistribution of wealth and power.
• Corbyn and Zarah Sultana cite UK complicity in the Israeli-Palestinian conflict as a key issue.
• The new party aims to represent grassroots communities, trade unions, and social movements.
• The initiative reflects a growing trend towards multiparty politics in the UK.

Former British Labour leader Jeremy Corbyn has confirmed the formation of a new political party alongside former Labour MP Zarah Sultana. The pair announced on Thursday that the party, tentatively referred to as "Your Party," aims to challenge the government and address issues of wealth disparity in the UK. In their joint statement, they emphasized, “the system is rigged when the government says there is no money for the poor, but billions for war,” highlighting their commitment to a party that is deeply connected to local communities and movements, according to Middle East Eye and South China Morning Post.

During their announcement, Corbyn and Sultana made a strong commitment to “mass redistribution of wealth and power” and declared support for a “free and independent Palestine,” voicing their position against UK arms sales to Israel. This platform aims to resonate with voters disillusioned by the current government’s policies, particularly in the context of the ongoing Israel-Palestine conflict, according to Le Monde and Al Jazeera.

Corbyn, who led Labour during its significant electoral defeats in 2017 and 2019, remains a polarizing figure. His expulsion from Labour was largely due to controversies surrounding antisemitism within the party, which he contended had been “dramatically overstated for political reasons,” according to Los Angeles Times and India Times.

Sultana, who was suspended from Labour for protesting against government welfare cuts, has expressed excitement for the new political venture. The formation of this party comes amidst a broader trend towards a multiparty system in the UK, with other political entities such as the Liberal Democrats and Reform UK gaining traction. This indicates growing fragmentation of the traditional Labour-Conservative dynamic, as noted by multiple sources including Dawn and South China Morning Post.