Jeremy Corbyn at the inaugural conference of new political venture Your Party.

Jeremy Corbyn has suffered a major blow after his new party’s rank-and-file rejected his bid to become its leader.

Members of the left-wing Your Party voted narrowly against having a single elected leader, opting instead for a collective model that put a committee of activists in charge.

Corbyn had previously said he backed the “sole leader” model and would stand for the position.

The collective model was supported by former Labour MP Zarah Sultana, who is engaged in a bitter power struggle with Corbyn and his supporters.

She said: Together, we’re building a new socialist party – radically democratic and powered by a mass movement. This party will be........

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