Labour donor Michael Foster said he is to run against leader Jeremy Corbyn in his Islington North constituency to give people a “real choice”.
Writing in the Standard today, he said the decision had been made with a “heavy heart” but he wanted to fight Mr Corbyn’s right to lead the party.
The long-standing donor whose family has given £400,000 to Labour since 2010 claimed Mr Corbyn has “no interest” in winning power.
The retired entertainment agent said: “He, John McDonnell, Diane Abbott and Emily Thornberry put their idealised socialist utopia — their grasp on power within Labour — above their duty to Britain and to the Labour Party itself.
“These are despicable acts of selfishness.”
Mr Corbyn has a majority of more than 20,000 and has held the seat since 1983.
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