Complex sentence: In 1931 a number of Liberal M.P's split away from the original Liberal party in protest at the leaderships adherence to free trade, the party has reformed in 2006 by the political "Think Tank" the Third Way under the name' National Liberal Party'.
Split into simpler sentences: In 1931 a number of Liberal MPs split from the original Liberal Party in protest at the leadership's adherence to free trade. The party was reformed in 2006 by the political think tank the Third Way under the name' National Liberal Party'.