I'm pretty sure that is part of what I said, Dick

I hope that the new movement pulls politics in general back towards the centre. We have been swinging far too much to the right over the last few years and we need pulling back.

And I would repeat that it is not a new party but rather an alliance of other progresive, as opposed to conservative (small c), factions within government. Corbyn has also said that it will be led by the members rather than from the top so I am not sure if 'Corbyn's party' will ever be the correct term. I must say that I like the idea of an alliance against the stodge that mainstream politics has become. I would like to see it work but only time will tell.