Stand-off over 800,000 Your Party membership fees

"Jeremy Corbyn's new left-wing party is in a stand-off over 800,000 raised by Zarah Sultana, who is meant to be founding the party with him. The money was raised when Sultana launched an unauthorised membership scheme for people wanting to join the group currently operating the name Your Party. Senior figures have accused her of withholding the funds despite publicly agreeing to transfer the money."

"But the delay has sparked anger among YourParty insiders, who say the funds are essential for its founding conference later this month. A source in the party said it would likely be "forced to reduce delegate numbers" at the event. The money was held by MoU, a company set up in April to hold donations for the fledgling movement. Corbyn branded the emails "unauthorised" and urged supporters to cancel direct debits."

Jeremy Corbyn's new left-wing party faces a stand-off over around 800,000 raised by Zarah Sultana through an unauthorised membership scheme for people wanting to join the group using the name Your Party. Senior party figures accuse Sultana of withholding funds despite public agreement to transfer them, while a spokesperson for Sultana says she is in the process of transferring all funds and data and conducting essential due diligence. The money was held by MoU, a company set up in April; transfer after Electoral Commission registration was planned but has not occurred, prompting resignations and internal anger ahead of the founding conference.

Read at www.bbc.com