The Trade Union and Socialist Coalition (Tusc) vowed to nationalise banks and finance corporations during the launch of its election manifesto in Canary Wharf last week.
They announced its main policies, as well as the names of its 135 parliamentary candidates.
This year’s campaign is the largest in Tusc’s short history, as it is mounting a challenge in one in five of all constituencies across England, Wales and Scotland. Tusc, which was founded in 2010 by several socialist groups and transport union RMT, will also be contesting 650 council seats.
Tusc chair and former Labour MP Dave Nellist said:
Dave Nellist, a former Labour MP who chairs TUSC, said: "The thing about the four biggest parties is how little difference there really is between them - Labour, Tory, Lib Dem and UKIP all intend to 'balance the books' after the bankers crashed the economy by making ordinary people pay, not the bankers.
"Our starting point is that TUSC is 100 per cent against austerity. This is a rich country, the fifth richest on the planet. It's just that the wealth is in the wrong hands - in the hands of a few millionaires and billionaires."
The party’s programme also promises a £10-an-hour minimum wage, along with an end to NHS privatisation, secretive trade deal TTIP, zero-hours contracts and fracking.