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Brexit triggers Corbyn coup: Chris Bryant latest to resign – live Brexit triggers Labour coup attempt as Corbyn stands firm – live
(35 minutes later)
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Jill Treanor
Bloomberg is reporting that Sterling dropped 1.3% to $1.3509 at 4:06am in Tokyo on Monday in a continuation of the slide from Friday.
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The chancellor’s whereabouts since the referendum was the subject of much conversation earlier in the evening.
It’s emerged that he will make an early morning statement aimed at trying to reassure financial markets tomorrow.
In a speech to be delivered before the markets open, he will set out how the government intends to “protect the national interest”, following the referendum result. A Treasury spokesman has said:
The chancellor will make a statement to provide reassurance about financial and economic stability in light of the referendum result and the actions that he and the rest of the government will be taking to protect the national interest over the coming period.
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Defiant Corbyn refuses to stand down
The Labour leader Jeremy Corbyn has released a statement insisting he will not resign amid a host of resignations from his shadow cabinet. He vows to appoint a new shadow cabinet and challenges those opposed to his leadership to stand against him in an election.
Our country faces a huge challenge following Thursday’s vote to leave the European Union. And the British people have a right to know how their elected leaders are going to respond.
We need to come together to heal the divisions exposed by the vote. We have to respect the decision that has been made, hold the government to democratic account over its response, and ensure that working people don’t pay the price of exit.
Neither wing of the Tory government has an exit plan. Labour will now ensure that our reform agenda is at the heart of the negotiations that lie ahead. That includes the freedom to shape our economy for the future and the necessity of protecting social and employment rights.
One clear message from last Thursday’s vote is that millions of people feel shut out of a political and economic system that has let them down and scarred our country with grotesque levels of inequality.
I was elected by hundreds of thousands of Labour party members and supporters with an overwhelming mandate for a different kind of politics.
I regret there have been resignations today from my shadow cabinet. But I am not going to betray the trust of those who voted for me – or the millions of supporters across the country who need Labour to represent them.
Those who want to change Labour’s leadership will have to stand in a democratic election, in which I will be a candidate.
Over the next 24 hours, I will reshape my shadow cabinet and announce a new leadership team to take forward Labour’s campaign for a fairer Britain - and to get the best deal with Europe for our people.
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Bryant says he didn’t really back Corbyn but, since he was elected as leader, he thought it was his duty to “make a go of it”. Bryant says he didn’t really back Corbyn but, since he was elected as leader, he thought it was his duty to “make a go of it” but “last week changed everything”.
But “last week changed everything”.
He says Corbyn failed to get a clear pro-remain message across during the referendum campaign. “If you refuse to step aside, I fear you will go down in history as the man who broke the Labour party.”He says Corbyn failed to get a clear pro-remain message across during the referendum campaign. “If you refuse to step aside, I fear you will go down in history as the man who broke the Labour party.”
I have just spoken to Jeremy Corbyn. Here is my resignation letter. pic.twitter.com/n0Tbya06isI have just spoken to Jeremy Corbyn. Here is my resignation letter. pic.twitter.com/n0Tbya06is
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Chris Bryant resigns from shadow cabinetChris Bryant resigns from shadow cabinet
Chris Bryant has resigned as shadow Commons leader, saying: “We need someone new to unite and lead Labour.” He is the 11th member of Jeremy Corbyn’s shadow cabinet to resign since Hilary Benn was sacked.Chris Bryant has resigned as shadow Commons leader, saying: “We need someone new to unite and lead Labour.” He is the 11th member of Jeremy Corbyn’s shadow cabinet to resign since Hilary Benn was sacked.
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Amid the shadow cabinet resignations, a source close to the shadow business secretary Angela Eagle has been quoted as saying: “She is heartbroken about the position in which the party finds itself and desperately worried we’re failing to connect with communities across the country.” Amid the shadow cabinet resignations, a source close to the shadow business secretary, Angela Eagle, has been quoted as saying: “She is heartbroken about the position in which the party finds itself and desperately worried we’re failing to connect with communities across the country.”
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Karl Turner has explained in more detail why he has decided to resign from the shadow cabinet:Karl Turner has explained in more detail why he has decided to resign from the shadow cabinet:
Resignation letter in full. Will be making no further comment to the press. pic.twitter.com/9C9nhiLD5EResignation letter in full. Will be making no further comment to the press. pic.twitter.com/9C9nhiLD5E
He says it has become “increasingly clear” that Corbyn does not enjoy the support of the shadow cabinet and the PLP at a time when the country needs a strong opposition.He says it has become “increasingly clear” that Corbyn does not enjoy the support of the shadow cabinet and the PLP at a time when the country needs a strong opposition.
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My colleague Frances Perraudin reports that Iain Duncan Smith has distanced himself from the leave campaign’s pledge to spend £350m “sent to the EU every week” on the NHS, saying that he had never made the claim.My colleague Frances Perraudin reports that Iain Duncan Smith has distanced himself from the leave campaign’s pledge to spend £350m “sent to the EU every week” on the NHS, saying that he had never made the claim.
Duncan Smith was photographed in front of the Vote Leave battlebus, a sign on which read: “We send the EU £350 million a week – let’s fund our NHS instead.”Duncan Smith was photographed in front of the Vote Leave battlebus, a sign on which read: “We send the EU £350 million a week – let’s fund our NHS instead.”
Speaking to the BBC’s Andrew Marr Show, he said:Speaking to the BBC’s Andrew Marr Show, he said:
I never said that during the course of the election. The £350m was an extrapolation of the £19.1bn – that’s the total amount of money we gave across to the European Union. What we actually said was a significant amount of it would go to the NHS. It’s essentially down to the government, but I believe that is what was pledged and that’s what should happen. There was talk about it going to the NHS but there are other bits and pieces like agriculture, which is part of the process. That is the divide up. It was never the total.I never said that during the course of the election. The £350m was an extrapolation of the £19.1bn – that’s the total amount of money we gave across to the European Union. What we actually said was a significant amount of it would go to the NHS. It’s essentially down to the government, but I believe that is what was pledged and that’s what should happen. There was talk about it going to the NHS but there are other bits and pieces like agriculture, which is part of the process. That is the divide up. It was never the total.
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More from Diane Abbott on the shadow cabinet resignations:More from Diane Abbott on the shadow cabinet resignations:
Labour MPs' attempt to dislodge Corbyn has been long planned. It is cynical and transparently self serving #bbcqtLabour MPs' attempt to dislodge Corbyn has been long planned. It is cynical and transparently self serving #bbcqt
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ITV News’ Chris Ship suggests that Corbyn’s team will not manage to get a team together for a shadow cabinet meeting tomorrow.ITV News’ Chris Ship suggests that Corbyn’s team will not manage to get a team together for a shadow cabinet meeting tomorrow.
Apparently Shadow Cabinet meeting tomorrow cancelled. Suggests Jeremy Corbyn can't fill the vacancies as fast as the resignations are comingApparently Shadow Cabinet meeting tomorrow cancelled. Suggests Jeremy Corbyn can't fill the vacancies as fast as the resignations are coming
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Diane Abbott, asked about Jeremy Corbyn’s position as the 11th resignation is announced, says the Labour leader does not represent the status quo in Westminster politics, which she says people dislike.Diane Abbott, asked about Jeremy Corbyn’s position as the 11th resignation is announced, says the Labour leader does not represent the status quo in Westminster politics, which she says people dislike.
“Labour MPs running around in circles today have been planning this for months,” she says, adding that those MPs have used Labour’s handling of the in campaign as a pretext for a coup.“Labour MPs running around in circles today have been planning this for months,” she says, adding that those MPs have used Labour’s handling of the in campaign as a pretext for a coup.
Anna Soubry, asked if she wants Boris Johnson as prime minister, says: “I’m not friends with Boris at the moment.” And, while she says there is an argument for leaving him to work through the Brexit process, she says she wants to see an experienced statesman, which she says Johnson is not.Anna Soubry, asked if she wants Boris Johnson as prime minister, says: “I’m not friends with Boris at the moment.” And, while she says there is an argument for leaving him to work through the Brexit process, she says she wants to see an experienced statesman, which she says Johnson is not.
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Turner becomes the 10th member of Corbyn’s shadow cabinet to resign, following the sacking of Hilary Benn.Turner becomes the 10th member of Corbyn’s shadow cabinet to resign, following the sacking of Hilary Benn.
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Corbyn hit by a further shadow cabinet resignationCorbyn hit by a further shadow cabinet resignation
Karl Turner, the shadow attorney general has said he has resigned “with a very heavy heart”.Karl Turner, the shadow attorney general has said he has resigned “with a very heavy heart”.
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Writing for the Guardian, Phil Wilson - the chair of the Labour in for Britain group - has called on Jeremy Corbyn to resign, claiming he sabotaged the party’s remain campaign.Writing for the Guardian, Phil Wilson - the chair of the Labour in for Britain group - has called on Jeremy Corbyn to resign, claiming he sabotaged the party’s remain campaign.
[Corbyn] himself issued a note to all MPs on 17 September 2015 telling them that Labour would campaign to remain in the European Union. And yet he decided to go on holiday in the middle of the campaign. He did not visit the Labour heartlands of the north-east and instead raised esoteric issues such as TTIP which had no resonance on the doorstep.[Corbyn] himself issued a note to all MPs on 17 September 2015 telling them that Labour would campaign to remain in the European Union. And yet he decided to go on holiday in the middle of the campaign. He did not visit the Labour heartlands of the north-east and instead raised esoteric issues such as TTIP which had no resonance on the doorstep.
This leads to me to the greatest betrayal and the final straw for many MPs. I have been told and shown evidence by an overwhelming number of unimpeachably neutral Labour remain staff that Corbyn’s office, for which he must take full responsibility, consistently attempted to weaken and sabotage the Labour remain campaign, in contravention of the party’s official position.This leads to me to the greatest betrayal and the final straw for many MPs. I have been told and shown evidence by an overwhelming number of unimpeachably neutral Labour remain staff that Corbyn’s office, for which he must take full responsibility, consistently attempted to weaken and sabotage the Labour remain campaign, in contravention of the party’s official position.