Jeremy Corbyn is giving a speech this morning about Labour’s response to the EU referendum. Rumours have been sweeping the party overnight that the Labour leader will use the event to step down and hand over the reins to John McDonnell, who has been on manoeuvres for months. But aides deny that this will happen today.
Nevertheless, there must be recognition in the Corbyn team that the situation is pretty precarious. The lengthy Shadow Cabinet meeting yesterday wasn’t as furious as some other parts of the parliamentary Labour party might have hoped, but some members are discussing resigning en masse to trigger a change at the top of the party. ‘The trouble is, we’re all a bit worried that just one of us will go, look over our shoulder and then see that no-one is charging with us,’ says one Shadow Secretary of State.
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