Ethan Shone
NEW: Jeremy Corbyn didn’t sign off on this statement and was unhappy about it being put out, according to several sources
Your Party
*Statement from the Independent Alliance of MPs* "Your Party’s founding purpose is to stand for the many against the few who hold the wealth and power in our country. Thousands of ordinary people have given their time and money to build a real alternative to endless cuts and endless war. "A dedicated team of volunteers has been working on a shoestring budget to deliver a founding conference at the end of the month. Their efforts are heroic, but without funding Your Party’s capacity has been severely restricted. Hundreds of thousands of pounds were donated to the party by supporters in good faith, but have since remained beyond its reach. This has been extremely frustrating and disheartening. "A small portion of these funds was today transferred to Your Party. This is insufficient. We will continue to pursue the immediate transfer of all the money that was donated by supporters to get a new party off the ground, alongside a resolution to outstanding legal issues. "Building a democratic party from the ground up was never going to be smooth sailing. Some of the difficulties we have faced were inevitable, but others were deliberate acts. "Our focus remains on delivering a historic founding conference, so we can turn outward to offer a popular alternative based on public ownership, wealth taxes and solidarity. There’s no time to lose." Shockat Adam MP Jeremy Corbyn MP Adnan Hussain MP Ayoub Khan MP Iqbal Mohamed MP