I'm not sure that any of what follows is true and urge caution to all readers.
Sources close to right-wing Blairite group "Progress" have allegedly revealed that their funder, Lord Sainsbury, will be funding a new organisation ("Egress") intended to capture and develop their brilliance.
The plutocrat, who has given essential financial backing to Progess in order to develop the labour movement careers of those who believe that privatisation is the future for public services, is reportedly concerned that those who have followed his lead may have no future if the country faces a clear choice between Cameron's festival of reaction on the one hand and Corbyn's honest democratic socialism on the other.
Sainsbury has therefore, it is alleged, funded "Egress" as the successor organisation to "Progress" in order to recognise his personal responsibility to those who followed his lead in the failed attempt to win the Labour Party to support austerity.
"Egress" will facilitate the exit from the labour movement of those who believe that the public sector should be shrunk and that the private sector offers a dynamic option for the delivery of public services, now that it is clear that their ideas have been defeated and that they have no future in politics.
Although Lord Sainsbury is wealthy, he is not omnipotent and cannot therefore offer the Progress-supporters in the Labour Party all the power and influence for which they would have hoped.
However, having a decent sized family firm, he is in a position to make realistic offers of future employment to those who no longer have a future in the labour movement or Labour Party.
"Egress" will reportedly be able, therefore, to offer the following options to those who mistakenly thought there was a career in winning the Labour Party to the neoliberal orthodoxy;
(1) MPs who have nominated Liz Kendal will be offered a management position in a large supermarket;
(2) Labour Councillors who have been Cabinet Members committed to balancing the budget at all costs will be offered the position of head of department in a large supermarket, or senior management responsibility in a "local" shop;
(3) Rank and file supporters of Progress will be offered a thousand extra points on their Nectar card.
It is understood that Blairites are now divided between those who want to welcome "Egress" and those who believe that a true understanding of New Labour economics leads only to support for discounters (who may become known as "Lidl bit New" Labour).
I can't vouch for the truthfulness of any of the above.
But then Progress have never been transparent about anything they have done before, so who knows?
Sent from my BlackBerry 10 smartphone on the EE network.