Britain is facing the sort of political chasm not seen since the start of the 20th century in the run-up to Brexit D-Day.
Seven Labour MPs today quit the party to sit as an independent group in the House of Commons.
Chuka Umunna, Luciana Berger, Chris Leslie, Angela Smith, Mike Gape, Gavin Shuker and Anne Coffey founded a new party in a bid to move away from Corbynist politics, but warned the Tories they are not immune from this kind of earthquake.
Yesterday it was announced a Tory donor has registered a new party ready to champion a hard Brexit in a snap election amid rising concern that the Conservatives will eventually split over Theresa May’s strategy.
Jeremy Hosking, the multimillionaire financier who backed a series of pro-Brexit Tory candidates at the last election, said he had submitted the paperwork to form his new party, Brexit Express, which would welcome Tory MPs wanting to protest should the prime minister “botch Brexit”, The Guardian reported.
A pro-Leave party has also been registered to contest the next European parliament elections should Brexit be delayed and Britain be allowed to field candidates.
Nigel Farage’s new Brexit party has recruited 100,000 members in just one week after being registered, according to The Daily Express.
It goes to show that, as The Economist predicted in 2017, Britain could be set for a four-party system divided between Corbynites, Social Democrats, Whigs and Tories.
As the article notes: “Labour is divided into two sub-parties: a moderate Social Democratic Party and a socialist Corbynite Party.
“The Conservatives are an uneasy coalition of Whigs and Tories…. a cosmopolitan party that wants Britain to remain as close as possible to Europe, and a nationalist party that worries about immigration and cultural change”.
Since you are here
Since you are here, we wanted to ask for your help.
Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.
Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.
If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.
To donate or subscribe to The London Economic, click here.
The TLE shop is also now open, with all profits going to supporting our work.
The shop can be found here.
You can also SUBSCRIBE TO OUR NEWSLETTER .