A new left-wing political party co-founded by veteran British socialist Jeremy Corbyn narrowly voted to be led by its members rather than an individual leader, it announced on Sunday.

The decision, after a vote at Your Party's founding conference in the northwestern English city of Liverpool, was welcomed by party co-founder Zarah Sultana.

"I have fought for maximum member democracy since day one," she said.

"Seeing members choose collective leadership is truly exciting."

The vote was close. 51.6% at the conference opted to be led by a committee of members, rather than an individual leader.

In a separate vote, the conference agreed to permit members of other parties to join Your Party where they were found to "align with the party’s values".

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