It was formed as a split from Sheila Torrance's Workers' Revolutionary Party in 1987 by Gerry Healy and supporters including Vanessa and Corin Redgrave.
After the death of Healy in 1989, the party declined, and in 1990 expelled a group which became the Communist League.
[2] The group, which called for support for the Liberal Democrats in the 2001 UK general election, published The Marxist magazine.
[citation needed] In April 2004, the Marxist Party announced its dissolution.
The Redgraves then announced the formation of a new group named the Peace and Progress Party, supporting liberal principles of human rights.