Jeremy Corbyn – Current Party, Net Worth, and PM Status

Jeremy Corbyn has been a fixture of British politics for more than four decades, first winning his Islington North seat in 1983 and rising to lead the Labour Party from 2015 to 2020. Today, after a dramatic split with his former party, he sits as an independent MP and leads a newly formed political movement called Your Party. This article brings together the key facts about his career, his current status, and the questions that voters most often ask.

From his early days as a left-wing backbencher to the shock leadership victory that reshaped the Labour Party, Corbyn’s journey has been anything but conventional. Understanding where he stands now requires looking at what he achieved, what he did not, and the ongoing fallout with his successor, Keir Starmer.

Was Jeremy Corbyn Ever Prime Minister?

Overview

• Current Role: Independent MP for Islington North / Leader of Your Party
• Political History: Labour Party Leader 2015–2020, never Prime Minister
• Key Fact: Longest continuously serving incumbent MP (since 1983)
• Recent Update: Suspended from Labour Party, relationship with Starmer broken

Key Insights

• Jeremy Corbyn has never held the office of Prime Minister; he served as Leader of Her Majesty’s Most Loyal Opposition (2015–2020).
• Despite being a Labour MP for more than 40 years, he now sits as an Independent and leads a small party called “Your Party”.
• His net worth is modest relative to other senior UK politicians, estimated between £1–3 million primarily from MP salary and pension.
• The split with Keir Starmer is one of the defining dynamics of current left‑wing British politics.
• Corbyn has been an MP continuously since 1983, making him one of the longest‑serving current members of the House of Commons.
• He leads a new political party, Your Party, co‑founded in July 2025 with Zarah Sultana.
• His political views are consistently left‑wing and socialist, rooted in decades of activism.

Snapshot Facts

As several authoritative sources confirm, Corbyn was never Prime Minister. The Britannica entry on Corbyn notes that he served as Leader of the Opposition, the official role for the largest party not in government. The BBC described his 2015 leadership win as “one of the biggest upsets in British political history,” according to their coverage at the time.

What Party Is Jeremy Corbyn In Now?

Current Affiliation

As of 2025, Jeremy Corbyn is an independent MP for Islington North. He was automatically expelled from the Labour Party in 2024 after standing as an independent candidate in the general election and was not readmitted to the parliamentary party. In July 2025 he co‑founded a new political party called Your Party together with Zarah Sultana and serves as its parliamentary leader.

What Is “Your Party”?

Your Party is a political movement launched in July 2025. According to the Wikipedia biography, Corbyn leads the party in Parliament. The exact platform of Your Party has not been detailed in publicly available sources, but it is widely understood to represent the hard‑left tradition from which Corbyn emerged.

Is Jeremy Corbyn Still in the Labour Party?

No. He was a Labour member from 1965 until 2024, when he was automatically expelled for standing against the Labour candidate in Islington North. He now sits as an independent and has no formal relationship with the Labour Party.

Key Distinction: While Corbyn is an independent MP in the House of Commons, he is also the parliamentary leader of Your Party. This dual status means he speaks for his own party in Parliament but is not affiliated with any of the major parties.

What Is the Relationship Between Jeremy Corbyn and Keir Starmer?

Why Was Corbyn Suspended from Labour?

The split between the two men stems from the aftermath of the 2019 general election, in which Labour suffered a heavy defeat under Corbyn’s leadership. Keir Starmer succeeded him as leader in 2020. Soon after, Corbyn was suspended from the Labour Party over his response to the Equality and Human Rights Commission’s report on anti‑Semitism within Labour. The suspension effectively ended his membership, and he was later automatically expelled when he stood as an independent in 2024.

Does Keir Starmer Support Corbyn’s Policies?

Starmer has moved the Labour Party toward the political centre, explicitly distancing himself from many of Corbyn’s positions. The relationship remains fractured. No public reconciliation has occurred.

What Is Jeremy Corbyn’s Net Worth and Background?

Net Worth – What Is Known

No verified public figure exists for Corbyn’s net worth. Available estimates from non‑official sources place it between £1 million and £3 million, derived mainly from his MP salary and parliamentary pension. The sources provided do not include any official declaration of personal wealth.

How Long Has Corbyn Been an MP?

He was first elected on 9 June 1983 and has held the Islington North seat continuously ever since, most recently winning re‑election as an independent in the 2024 general election.

Salary

As an MP, Corbyn receives a basic parliamentary salary of £86,584 per year (2024/25 rate). He does not receive any additional ministerial or opposition leader payments.

Unverified Information: The net worth figure of £1–3 million is an estimate from unofficial sources. No official declaration of assets has been made public in the provided research materials.

How Long Has Jeremy Corbyn Been an MP? A Timeline

1. 1983 – Elected MP for Islington North
2. 2015 – Elected Leader of the Labour Party
3. 2017 – Calls for general election, Labour gains seats
4. 2019 – Labour loses general election to Boris Johnson
5. 2020 – Keir Starmer elected Leader; Corbyn suspended from Labour
6. 2021 – Corbyn sits as Independent MP
7. 2024 – Leads “Your Party”, remains MP for Islington North

Sources for this timeline include the BBC’s profile of Jeremy Corbyn and the UK Parliament official membership page.

What Is Known and What Is Uncertain About Jeremy Corbyn?

What Are Jeremy Corbyn’s Political Views?

Corbyn is widely identified with the political left and describes himself as a socialist. His career has been defined by consistent advocacy for anti‑apartheid, nuclear disarmament, LGBT rights, Palestinian solidarity, and opposition to the Iraq War. Even as a backbencher he frequently voted against the Labour whip on these issues.

The shift from Labour leader to independent “Your Party” leader represents a significant realignment of the UK hard‑left. The break from Starmer is both ideological and personal, impacting Labour Party unity and left‑wing voter strategy.

Where Does This Information Come From?

The facts in this article are drawn from several authoritative and official sources, including:

• Wikipedia biography of Jeremy Corbyn
• Britannica entry on Jeremy Corbyn
• BBC News – Corbyn elected Labour leader
• Jeremy Corbyn’s official website
• Jeremy Corbyn on X (Twitter)

What Is Jeremy Corbyn Doing Now?

Jeremy Corbyn continues to represent Islington North as an independent MP and serves as the parliamentary leader of Your Party, a movement he co‑founded in 2025. He remains active on social media, campaigns on his long‑standing left‑wing causes, and awaits potential legal developments related to protest cases. His relationship with the Labour Party and Keir Starmer remains broken, marking a permanent realignment of the British left.

For further details on the broader political landscape, see Jeremy Corbyn is a long-serving British politician.

Frequently Asked Questions About Jeremy Corbyn