Zarah Sultana is setting up a new party with Jeremy Corbyn.Jeremy Corbyn is to set up a new left-wing party alongside a former Labour MP.Zarah Sultana, who lost the Labour whip a year ago and currently sits in the Commons as an independent, announced the move in a statement posted on X.The Coventry South MP said other independent MPs would also be joining the new party.She said: “Today, after 14 years, I am 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.”Sultana, who was first elected as a Labour MP in 2019, had the Labour whip removed last July after she voted against the government to back the lifting of the two-child benefit cap.She said Labour had “completely failed to improve people’s lives”, which had led to Nigel Farage’s Reform UK leading in the polls.She added: “We are not going to take this any more. We’re no