A LABOUR MP has resigned after 14 years and vowed to co-lead a “new party” with Jeremy Corbyn.

Keir Starmer rebel Zarah Sultana slammed “we are not going to take this anymore” as she blasted “Westminster is broken”.

The MP wrote a statement on X which read: “Today, after 14 years, I’m 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. Join us. The time is now.”

In a letter shared below, Ms Sultana told how she would be forging a new political party alongside ex Labour-chief Jeremy Corbyn.

She told how they will join together with independent MPs, “campaigners and activists” across the country.

In January this year Corbyn and his former Shadow Chancellor John McDonnell were quizzed themselves by cops over a pro-Palestine rally.

Ms Sultana continued in her scathing letter how “the government wants to make disabled people suffer”.

The MP was suspended by the Labour Part for voting to abolish the two-child benefit cap earlier this year.

She also voted against the scrapping of winter fuel payments.

In response, Ms Sultana said “I’d do it again”.

The former Labour politician argued Starmer has “completely failed to improve people’s lives” since being elected.

She also touched on the current protests and growing tensions regarding Palestine.

“And across the political establishment, from Farage to Starmer, they smear people of conscience trying to stop a genocide in Gaza as terrorists,” she wrote.

“But the truth is clear: this government is an active participant in genocide. And the British people oppose it”.

MPs on Wednesday backed the Government’s move to ban the direct action group Palestine Action as a terrorist organisation.

Legislation passed in the Commons as MPs voted 385 to 26, majority 359 in favour of proscribing the group under the Terrorism Act 2000.

The motion is expected to be debated and voted on by the House of Lords on Thursday before it becomes law.

It came after group Palestine Action claimed the damage on two Voyager aircraft at RAF Brize Norton was carried out by them.

Ms Sultana ended her letter claiming “the choice with be stark” in 2029, between “socialism or barbarism”.

“Billionaires already have three parties fighting for them. It’s time the rest of us had one,” she added.

This comes as Rachel Reeves finally broke her silence over her tearful Commons wobble – as she and Sir Keir Starmer put on an awkward show of unity.

The Chancellor admitted she was “upset” and blamed a “personal issue” for her emotional display in Parliament.

But she refused to reveal any more, saying: “Clearly I was upset yesterday and everyone could see that.

“It was a personal issue and I’m not going to go into the details of that.

“My job as Chancellor at 12 o’clock on a Wednesday is to be at PMQs next to the Prime Minister, supporting the Government and that’s what I tried to do.”

She also insisted she was “totally” up for the job.

Her comments came after scenes of her emotional display – caught on live TV – sparked speculation around her future.

Her emotional state and Sir Keir’s initial refusal to explicitly back her in the Commons yesterday sent the pound down nearly 1 per cent and borrowing costs surging at one of the fastest rates since the Liz Truss mini-Budget crisis.

Scrambling to draw a line under 24 hours of intense scrutiny, the Chancellor was hastily drafted in for the launch of the Government’s 10-year-plan for the NHS.

She also shared an awkward hug with Sir Keir as he insisted he would stick with her “for a long time to come” .

He told Virgin Radio: “She is an excellent Chancellor, she will be Chancellor for a very long time to come – into the next election and beyond it.

“She and I are absolutely committed to our fiscal rules and the economic stability that is so important to this country.”

“That is why she is here today and I am very glad she is.”

Money markets earlier panicked at the prospect of a change of Chancellor and possible abandonment of her spending rules.

UK ten-year borrowing costs surged to 4.6 per cent and the Pound fell by one per cent against the Dollar to less than $1.36.

Tuesday’s gutting of the welfare reforms left Ms Reeves needing to plug a bigger hole in public savings — either by spending cuts, tax rises or borrowing.

In her first year in the job, Ms Reeves has faced fierce criticism over winter fuel, welfare cuts, the National Insurance raid, sluggish growth, taxing farmers and taking freebies.