LABOUR donor John Mills has rubbished reports that he is to cut off cash to the party after Jeremy Corbyn’s election as leader, writes Luke James.

The Daily Telegraph made the claim yesterday in a front-page story, which also alleged that Mr Mills (pictured) would fund new Blairite “insurgency” group Labour for the Common Good.

But the JML tycoon hit back, describing the story as “utterly untrue” and “wholly inaccurate.”