Jeremy Corbyn sees no reason for Labour to split

Leadership front-runner Jeremy Corbyn has rejected claims the party would split if he is elected to Labour’s top job as he set out plans to take on bankers, media moguls and the corporate world.

Rupert Murdoch’s empire would be broken up to dilute his media influence while banks must wake up to Britain’s “gross inequalities”, the left-winger told the Financial Times.

Mr Corbyn also warned the corporate world he is going after high pay levels.