Is Corbyn's new party happening and could it damage Labour?

Zarah Sultana's exit from Labour to potentially form a new political party with Jeremy Corbyn has sparked speculation about its impact on Labor and the Greens. While details on the party's name, policies, and launch remain unclear, early polls suggest it could garner significant support to the left of Labour, potentially affecting both major parties. The rise of a new socialist party could challenge existing political dynamics, with potential for significant shifts in voter support and electoral outcomes.