Continuity Labour.
Is it the Kinnock & Paddy Party? 150 Labour MPs plotting breakaway if Jeremy Corbyn clings on to power
Anti-Corbyn MPs poised to make approaches to Labour's top 50 donors
They will fund the new party if the Corbyn fends off leadership challenges
Mr Kinnock, the son of former Labour leader Neil Kinnock, has held secret talks with former Liberal Democrat leader Paddy Ashdown
But Ashdown denies discussions about forming new centre-ground party.