The movement behind a new centrist party comes from a concern that Jeremy Corbyn is backing the government on Brexit, Lord Adonis says.
The new party has been in development for more than a year, run by entrepreneurs, philanthropists and donors who want to “break the Westminster mould", according to The Observer. It's claimed the party has access to £50 million and the project is being led by led by the founder of LoveFilm, Simon Franks.
Labour peer Lord Adonis told Julia Hartley-Brewer: "A big part of the movement behind it is a concern that Jeremy Corbyn is playing fast and loose and is backing the government and seeking to take us out [of the EU].
"I don’t think this is going anywhere for all kinds of reasons but not least the experience of the SDP and experience of Macron are very, very strong warnings against [this]."
Julia questioned why this would be a warning as the party might be successful if "set up around a very charismatic figure".
Lord Adonis said "even if there was [a charismatic figure] it wouldn’t work because it’s important to understand that what happened with Macron was around the French presidential system.
"You can produce leaders who can take the political system by storm when you’re talking about one national election around one figure and a presidential election lends itself to that" but "you can’t do it in our Parliamentary system."
Watch the video below