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Jeremy Corbyn and Owen Smith in first Labour leadership live debate

It came after Mr Corbyn’s leadership rival Owen Smith warned the Labour party could “bust apart and disappear”.

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Even if that new moderate party were to join with the Liberal Democrats and Green Party in a progressive alliance, it would still only garner 22% support, according to the polling, dwarfed by support for the Conservatives, on 40%.

The rally will be chaired by Easington Constituency Labour Party vice chair and youth officer Darren Meadows, and will feature guest speakers, followed by a discussion open to Labour Party members and supporters. In contrast, he described Mr Corbyn as a “principled, straightforward” man.

In January, the Labour leader floated the idea of banning companies from paying dividends until their staff are paid the living wage.

The only way a split could be made to work would be for Corbyn’s Labour and the progressive alliance to form a “non-compete” pact, allowing each a clean shot against the Conservatives in pre-determined seats.

“I think there is every likelihood that the party will split if Jeremy wins this election”.

When Mr Smith met the Shadow Chancellor and Labour leader before resigning from the frontbench, they discussed the prospect of the party splitting.

Talk of a split within Labour has increased as MPs who do not back Corbyn increasingly fear being deselected during the forthcoming boundary review if they remain tied to the current leadership.

“Labour will pledge to rebuild and transform Britain with a bold #500 billion programme of investment”.

So there we have it – three facts: Firstly, the Labour government opened the doors to mass immigration, which led many people to become fearful about the scale and speed of immigration and the impact that rapid population change was having on public services.

“But I think the things I have set out today will appeal to a broad range of people”.

Jeremy Corbyn will outline 10 pledges detailing how he will “rebuild” Britain on Thursday.

In a speech in Dagenham, east London, Mr Corbyn is expected to say: “There is vast potential in the skills and talents of our people and huge opportunities ahead of us in science, technology and culture”. “For too long many communities in Britain have been neglected”.

“I want the party back in Brighton back and functioning and full democracy for everyone in Brighton as soon as possible”.

Asked how he would fund his pledges including £500 billion of investment, Mr Corbyn said: “We pay for it through an expanding economy and driving down tax evasion”.

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“That in turn creates jobs which creates greater economic expansion and brings about a greater level of tax income for the Exchequer”.

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