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Brexit live: Cameron accepts there may be a case for an early election Brexit live: Labour MPs criticise Corbyn as his supporters rally outside Commons
(35 minutes later)
7.26pm BST
19:26
PLP decides to go ahead with no confidence vote
The PLP meeting has finished with MPs deciding to move forward with a vote of no confidence in Jeremy Corbyn’s leadership.
Key conclusion :There WILL be a vote on Margaret Hodge motion of no confidence, PLP decided.
Senior Labour MP tells me after PLP that "Jeremy just won't take responsibility. The people around him bear a heavy responsibility"
"writing on the wall is 8 metres high" says one Labour MP about Corbyn. "Very depressing. A vacuum surrounded by an emptiness" #labour
Chuka Umunna describes the PLP meeting as "pretty catastrophic "
Outside the meeting, the Momentum rally in support of Corbyn continues to gain strength.
The Momentum Corbyn rally. Big crowd. pic.twitter.com/aeSd2Jo3WU
7.21pm BST
19:21
S&P’s two-notch downgrade comes hot on the heels of Moody’s, which downgraded the UK’s outlook to negative on Friday night, Graeme Warden reports over on the business liveblog.
Losing the Triple-A credit rating might not have any immediate impact on Britain’s ability to borrow.
That’s because worried investors have been keen to buy UK government bonds since the Brexit crisis erupted, driving borrowing costs down to record lows.
But it’s a humiliating moment for the government, which put ‘repairing the public finances’ at the heart of its strategy (not always successfully).
Moody’s and Fitch both downgraded the UK in 2013. S&P maintained the AAA through the eurozone debt crisis, but has now lost the faith.
7.12pm BST
19:12
Standard & Poor's downgrades the UK's credit rating
Nicky Woolf here taking over from my colleague Andrew Sparrow on the fourth evening since the UK voted to leave the EU.
The UK has lost its AAA credit rating from S&P in the wake of the country’s decision to leave the EU.
The agency blamed the Brexit vote, saying it has weakened the UK’s “predictability, stability and effectiveness” of policymaking in the UK.
It also believes that growth will be ‘significantly lower’ between 2016 and 2019, averaging just 1.1% per year.
They also warned that foreign firms are less likely to invest in the UK and the sterling could also lose its role as a global reserve currency.
S&P says:
“In our opinion, this outcome is a seminal event, and will lead to a less predictable, stable, and effective policy framework in the U.K. We have reassessed our view of the U.K.’s institutional assessment and now no longer consider it a strength in our assessment of the rating.”
More details available on our Business liveblog here.
7.04pm BST
19:04
Andrew Sparrow
And these are from my colleague Anushka Asthana.
PLP mood described as "despairing". Lots of MPs, one by one, saying that he owes the party his resignation or he will destroy it.
Corbyn tells PLP that he can win a general election...
Oh correction: Corbyn said he wants to win a GE. MPs shouting resign. Yikes. One MP says he done what Corbyn never has: won marginal seat
That’s all from me for today.
My colleague Nicky Woolf is taking over now.
7.00pm BST
19:00
Here is more from the Momentum rally, from PA’s David Wilcock.
.@jennyunite tells crowd Jeremy Corbyn took the right tone during #euref campaign
Apologies that's @JennieUnite
Union chap Dave Ward: "There is a virus and we are the antidote."
Tosh McDonald of Aslef wants the pits and power stations renationalised. pic.twitter.com/2f6QBhV29y
Tosh McD "I used to get up an hour early to hate Thatcher. Some of current PLP are running her close for how much I hate them."
Boos for the name of @RhonddaBryant from the crowd.
Tosh MacDonald: "People are tired of strong leaders." #Jexit
Backstage @jonlansman of Momentum keeps a watchful eye on events. pic.twitter.com/tx8OnLn8uP
Speakers now moving to top of a fire engine so back of crowd can see them.
Boos for @margarethodge "she couldn't even get her own constituency to vote remain." Ditto @hilarybennmp
6.55pm BST6.55pm BST
18:5518:55
On Twitter some of those at the Momentum rally, or observing it, are complaining about the large number of Socialist Worker party baners.On Twitter some of those at the Momentum rally, or observing it, are complaining about the large number of Socialist Worker party baners.
This is from Progress’s Richard Angell.This is from Progress’s Richard Angell.
Where are the Labour members? They are all SWP/SP banners! Entryists have taken over #LabourReshuffle pic.twitter.com/1VUArdTZ0sWhere are the Labour members? They are all SWP/SP banners! Entryists have taken over #LabourReshuffle pic.twitter.com/1VUArdTZ0s
This is from the New Statesman’s Helen Lewis.This is from the New Statesman’s Helen Lewis.
If all those people with SWP placards care so deeply about the Labour party, maybe they should join it? https://t.co/bvkNnrcGPZIf all those people with SWP placards care so deeply about the Labour party, maybe they should join it? https://t.co/bvkNnrcGPZ
This is from the Economist’s Jeremy Cliffe.This is from the Economist’s Jeremy Cliffe.
Jeremy Corbyn is about to address an SWP rally outside Parliament.Jeremy Corbyn is about to address an SWP rally outside Parliament.
6.51pm BST6.51pm BST
18:5118:51
Anushka AsthanaAnushka Asthana
Alan Johnson’s intervention at the PLP (see 6.46pm) came as emails leaked to the Guardian reveal that staff in both Corbyn and John McDonnell’s offices removed sentences from statements and speeches, which had been suggested by the remain campaign and workers in Labour’s headquarters.Alan Johnson’s intervention at the PLP (see 6.46pm) came as emails leaked to the Guardian reveal that staff in both Corbyn and John McDonnell’s offices removed sentences from statements and speeches, which had been suggested by the remain campaign and workers in Labour’s headquarters.
In one chain of emails referring to the publication of a Treasury report, McDonnell was repeatedly pressed to make his statement more clearly about the EU referendum.In one chain of emails referring to the publication of a Treasury report, McDonnell was repeatedly pressed to make his statement more clearly about the EU referendum.
The final wording included a reference to the impact of a Tory Brexit, but removed - “Labour will continue to campaign for Britain to remain in Europe to protect jobs, growth, trade, investment and working people” - which had been suggested by the party’s central press office.The final wording included a reference to the impact of a Tory Brexit, but removed - “Labour will continue to campaign for Britain to remain in Europe to protect jobs, growth, trade, investment and working people” - which had been suggested by the party’s central press office.
In a separate piece of correspondence, Corbyn’s team edited the sentence, “I am clear just like my shadow cabinet, the trade union movement and our members, that it is in the interests of the people of this country to remain in the European Union”, to take out any personal reference.In a separate piece of correspondence, Corbyn’s team edited the sentence, “I am clear just like my shadow cabinet, the trade union movement and our members, that it is in the interests of the people of this country to remain in the European Union”, to take out any personal reference.
They also changed, “we have just nine days to go and I will be working night and day to convince Labour supporters to vote Remain” to “we have just nine days to convince Labour supporters to vote Remain”.They also changed, “we have just nine days to go and I will be working night and day to convince Labour supporters to vote Remain” to “we have just nine days to convince Labour supporters to vote Remain”.
6.46pm BST6.46pm BST
18:4618:46
Alan Johnson attacks Corbyn for his performance in EU referendum campaignAlan Johnson attacks Corbyn for his performance in EU referendum campaign
Alan Johnson, chair of Labour In for Britain, has been attacking Jeremy Corbyn at the PLP meeting, according to reports.Alan Johnson, chair of Labour In for Britain, has been attacking Jeremy Corbyn at the PLP meeting, according to reports.
This is from Politico’s Tom McTague.This is from Politico’s Tom McTague.
One MP texts from inside the PLP: "Alan Johnson batters Corbyn over Europe."One MP texts from inside the PLP: "Alan Johnson batters Corbyn over Europe."
And this is from PoliticsHome’s Kevin Schofield.And this is from PoliticsHome’s Kevin Schofield.
Alan Johnson "eviscerating" Corbyn and his office at PLP. "I'll take my responsibility, you need to take yours."Alan Johnson "eviscerating" Corbyn and his office at PLP. "I'll take my responsibility, you need to take yours."
And this is from Huffington Post’s Paul Waugh.And this is from Huffington Post’s Paul Waugh.
1 of biggest cheers of the PLP just went to Alan Johnson. Key causus belli is TeamCorb undermining Remain campaign and sanguine 're Brexit1 of biggest cheers of the PLP just went to Alan Johnson. Key causus belli is TeamCorb undermining Remain campaign and sanguine 're Brexit
For more on what Johnson thinks of Corbyn’s contribution to the referendum, see 2.19pm.For more on what Johnson thinks of Corbyn’s contribution to the referendum, see 2.19pm.
6.38pm BST6.38pm BST
18:3818:38
The journalist Paul Mason has been speaking at the Momentum rally outside parliament. He said Labour needed 100 potential new MPs, young people, women, ethnic minority people, gay people, and disabled people - people who have “suffered the hardship of working-class life”.The journalist Paul Mason has been speaking at the Momentum rally outside parliament. He said Labour needed 100 potential new MPs, young people, women, ethnic minority people, gay people, and disabled people - people who have “suffered the hardship of working-class life”.
Paul Mason calls for "100 new MPs" - deselection hint pic.twitter.com/trBpHlvpXlPaul Mason calls for "100 new MPs" - deselection hint pic.twitter.com/trBpHlvpXl
6.32pm BST6.32pm BST
18:3218:32
Jeremy Corbyn has used Twitter to announce an updated list of shadow cabinet appointments.Jeremy Corbyn has used Twitter to announce an updated list of shadow cabinet appointments.
The following MPs will be serving in Labour's Shadow Cabinet. I'll be making final appointments in the coming hours pic.twitter.com/evD1AWWNFrThe following MPs will be serving in Labour's Shadow Cabinet. I'll be making final appointments in the coming hours pic.twitter.com/evD1AWWNFr
Here are the new appointments that were not announced earlier.Here are the new appointments that were not announced earlier.
Barry Gardiner - shadow energy secretaryBarry Gardiner - shadow energy secretary
Richard Burgon - shadow justice secretaryRichard Burgon - shadow justice secretary
Angela Rayner - shadow minister for women and equalitiesAngela Rayner - shadow minister for women and equalities
Debbie Abrahams - shadow work and pension secretaryDebbie Abrahams - shadow work and pension secretary
6.23pm BST6.23pm BST
18:2318:23
Rajeev SyalRajeev Syal
Chi Onwurah, who is currently a shadow culture minister, is going to replace Angela Eagle as shadow business secretary, according to a Labour source. But, in a sign of Corbyn’s relative weakness, Onwurah is only taking the job on the understanding that she does not have to endorse Corbyn in a future leadership contest.Chi Onwurah, who is currently a shadow culture minister, is going to replace Angela Eagle as shadow business secretary, according to a Labour source. But, in a sign of Corbyn’s relative weakness, Onwurah is only taking the job on the understanding that she does not have to endorse Corbyn in a future leadership contest.
6.18pm BST6.18pm BST
18:1818:18
Here are some pictures from the pro-Corbyn demonstration outside the House of Commons.Here are some pictures from the pro-Corbyn demonstration outside the House of Commons.
"Kick out the Tories, red and blue. Stop the anti-Corbyn coup," is the chant that greets me in Westminster. pic.twitter.com/r2CL4xqo0D"Kick out the Tories, red and blue. Stop the anti-Corbyn coup," is the chant that greets me in Westminster. pic.twitter.com/r2CL4xqo0D
"London calling to the faraway town / now the war is declared and battle come down" blaring at Momentum rally. pic.twitter.com/lbUyiaji84"London calling to the faraway town / now the war is declared and battle come down" blaring at Momentum rally. pic.twitter.com/lbUyiaji84
Some of the chants at Momentum rally. https://t.co/fJx6XG5clZSome of the chants at Momentum rally. https://t.co/fJx6XG5clZ
6.17pm BST6.17pm BST
18:1718:17
Seumas Milne turned away by guards from Jeremy Corbyn's meeting with the PLP. "It's too full"Seumas Milne turned away by guards from Jeremy Corbyn's meeting with the PLP. "It's too full"
6.16pm BST6.16pm BST
18:1618:16
Even Jeremy Corbyn’s press aides cannot get in.Even Jeremy Corbyn’s press aides cannot get in.
The PLP meeting is so packed this evening Corbyn's own press team can't get in #ypliveThe PLP meeting is so packed this evening Corbyn's own press team can't get in #yplive
6.15pm BST6.15pm BST
18:1518:15
PLP debates no confidence motion in Jeremy CorbynPLP debates no confidence motion in Jeremy Corbyn
The meeting of the parliamentary Labour party (PLP) has just started. The PLP meets every Monday at 6pm when the Commons is sitting, but tonight it is discussing the no confidence motion in Jeremy Corbyn, which will be put to a secret ballot tomorrow.The meeting of the parliamentary Labour party (PLP) has just started. The PLP meets every Monday at 6pm when the Commons is sitting, but tonight it is discussing the no confidence motion in Jeremy Corbyn, which will be put to a secret ballot tomorrow.
I was in the committee corridor a few minutes ago and MPs were saying they had never seen the room, committee room 14, so full. (The wifi was playing up, so I’m back in the Guardian’s Commons office.)I was in the committee corridor a few minutes ago and MPs were saying they had never seen the room, committee room 14, so full. (The wifi was playing up, so I’m back in the Guardian’s Commons office.)
5.44pm BST5.44pm BST
17:4417:44
Vikram DoddVikram Dodd
Police said there had been a 57% rise in hate crimes reported to a special website since Britain voted to leave last Friday. The national police chiefs council said at least 85 reports had been received through its online reporting site, and the overall figure may be higher.Police said there had been a 57% rise in hate crimes reported to a special website since Britain voted to leave last Friday. The national police chiefs council said at least 85 reports had been received through its online reporting site, and the overall figure may be higher.
There were 85 reports to the site called True Vision between Thursday 23 June and Sunday 26 June, compared with 54 reports in the corresponding four days four weeks ago, police said.There were 85 reports to the site called True Vision between Thursday 23 June and Sunday 26 June, compared with 54 reports in the corresponding four days four weeks ago, police said.
A spokesperson for the national police chiefs council said these figures should not be read as showing a 57% increase in hate crime, but an increase in reporting through one mechanism. Other hate crimes are reported directly to police forces, or to community groups like Tell Mama and Community Security.A spokesperson for the national police chiefs council said these figures should not be read as showing a 57% increase in hate crime, but an increase in reporting through one mechanism. Other hate crimes are reported directly to police forces, or to community groups like Tell Mama and Community Security.
5.30pm BST5.30pm BST
17:3017:30
Jack Dromey has resigned as shadow policing minister, Sky’s Katy Scholes reports.Jack Dromey has resigned as shadow policing minister, Sky’s Katy Scholes reports.
Jack Dromey, Shadow Policing Minister, confirmed as having resignedJack Dromey, Shadow Policing Minister, confirmed as having resigned
5.27pm BST5.27pm BST
17:2717:27
Steven MorrisSteven Morris
The Welsh first minister is writing to police commissioners asking them to take action to tackle “hateful incidents” against non-British people and citizens from ethnic minority communities following the referendum result.The Welsh first minister is writing to police commissioners asking them to take action to tackle “hateful incidents” against non-British people and citizens from ethnic minority communities following the referendum result.
Carwyn Jones said the effects of an “ugly atmosphere” created by the Leave campaign was being felt on the streets of Wales and there had been concerning reports of abuse.Carwyn Jones said the effects of an “ugly atmosphere” created by the Leave campaign was being felt on the streets of Wales and there had been concerning reports of abuse.
Speaking after a cabinet meeting, Jones said:Speaking after a cabinet meeting, Jones said:
Members cited examples of hateful incidents directed against non-British people in their constituencies over the weekend, and equally distressingly, against people from ethnic minorities born here in Wales. Ministers resolved to issue a clear statement today that such racism is completely unacceptable in Welsh society.Members cited examples of hateful incidents directed against non-British people in their constituencies over the weekend, and equally distressingly, against people from ethnic minorities born here in Wales. Ministers resolved to issue a clear statement today that such racism is completely unacceptable in Welsh society.
Absolutely nothing has changed in the status of foreign nationals living and working in Wales. They remain welcome as they always have been - before devolution, before the EU. Wales has always been a welcoming country and we must not lose sight of that.Absolutely nothing has changed in the status of foreign nationals living and working in Wales. They remain welcome as they always have been - before devolution, before the EU. Wales has always been a welcoming country and we must not lose sight of that.
It is incumbent on all of us, no matter how we voted last week, to stand up to anybody who thinks they now have licence to abuse people of different races or nationalities. They have no such licence and should anyone suffer from this sort of abuse, they should report it to the police immediately. I am today writing to the four Welsh police and crime commissioners, asking for them to be alive to this changing situation, and to provide appropriate support to any affected communities.It is incumbent on all of us, no matter how we voted last week, to stand up to anybody who thinks they now have licence to abuse people of different races or nationalities. They have no such licence and should anyone suffer from this sort of abuse, they should report it to the police immediately. I am today writing to the four Welsh police and crime commissioners, asking for them to be alive to this changing situation, and to provide appropriate support to any affected communities.