LABOUR deputy leader Tom Watson has launched a new “social democrat” faction within the party in his latest move to sabotage Jeremy Corbyn.

Around 90 Labour MPs and peers rallied around Mr Watson last night for the group’s first meeting in Westminster.

The mutinous politicians included Blairite and Brownite relics like Lord Mandelson and Baron Blunkett.

One Labour MP present, Darren Jones, confirmed these ancient tribal loyalties by saying: “This is about a coming together of the TBs and GBs.”

Mr Watson claimed the move was necessary to keep alive Labour’s “social democratic and democratic socialist traditions.”

Despite this ideological positioning, the caucus does not yet have any policy proposals.

And although Mr Watson has been lacklustre in his role as deputy Labour leader, new research shows he has relished his other job as shadow minister for digital, culture, media and sport.

In the last 12 months, party animal Mr Watson has trousered over £10,000 in freebies from film studios, TV channels and sporting giants.

He has received dozens of free tickets to attend 10 VIP events, according to his register of interests.

CULTURE:

*Pinewood Studios forked out over £2,000 so Mr Watson could enjoy the Baftas.

*ITV treated him to the National TV awards and X Factor final — worth another £2,000 in freebies.

*Ticketmaster made sure they did not miss out on the action, giving away £875 so Mr Watson could attend the Brit Awards.

*The deputy leader also pocketed £450 from Warner Bros to watch the premiere of Fantastic Beasts.

*He rocked out at the Hyde Park Festival to watch goth band The Cure, paid for by music rights firm PRS to the tune of £1,100.

SPORT:

*The Football Association handed over five free tickets plus hospitality so Mr Watson could enjoy an Arsenal match at the Emirates Stadium, costing £1,750.

*He also saw the play-off final at Wembley courtesy of Sky Betting and Gambling, which gave him four free tickets costing hundreds of pounds.

*Mr Watson was treated to three tickets for the British Grand Prix at Silverstone, costing the Motor Sports Association £1,674.

*He even received two free tickets to watch a Centre Court match at Wimbledon, paid for by the tennis event’s organiser, which also treated him to a lunch worth over £100 per head.