Judging by the time given to what may end up as a split in the Labour party it is certainly newsworthy. Mind you , we don't get this kind of thing coming along every day on our very own doorstep. Other places on the globe perhaps but not in common-sense, concensus Britain.
So what's the link to accountancy....that's right , "materiality" - does it actually matter given that each MP has a different reason for sticking it to Comrade Jezza?
Here's the rub. Even if it turns out to be a political cul-de-sac as was trumpeted by grand party members, and after a few months it fails to gain momentum ( no pun intended ) it means that the party is so busy gazing at its own navel that Brexit trundles along on whatever path the Tories decide it will take, cliff edge or otherwise.
And just imagine if it does build into a centrist party , the potential havoc it would wreak at the polls is mind boggling.
I must admit that I did feel just a wee bit smug at the news, because Mr Corbyn has been one of the greates hypocrites that Westmisnter has seen for years , never mind that his politics are about 100 years out of date and his speed dial features terrorists and dictators.
And the deja vu I referreed to ......Michael Foot anybody ?