Jeremy Corbyn has hinted he could launch a political party alongside other leftwing independent MPs in an attempt to offer “an alternative” to Labour, before the next general election.

Speaking on ITV’s Peston programme, the former Labour leader confirmed discussions were under way among the Independent Alliance group of MPs that he co-founded last year.

Asked directly whether they were preparing to form a new party, Corbyn did not rule it out. “That grouping [of independents] will come together, there will be an alternative,” he said.