This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.theguardian.com/politics/live/2016/jun/27/brexit-live-george-osborne-economy-corbyn-shadow-cabinet
The article has changed 33 times. There is an RSS feed of changes available.
Previous version
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
Next version
| Version 24 | Version 25 |
|---|---|
| Brexit live: Labour MPs to hold no confidence vote in Jeremy Corbyn | Brexit live: Labour MPs to hold no confidence vote in Jeremy Corbyn |
| (35 minutes later) | |
| 9.12pm BST | |
| 21:12 | |
| Fitch becomes the third ratings agency to downgrade UK credit | |
| The agency just announced in a press release that it was downgrading the UK from an AA+ rating to an AA rating. | |
| “The UK vote to leave the European Union in the referendum on 23 June will have a negative impact on the UK economy, public finances and political continuity,” the release said. | |
| Fitch believes that uncertainty following the referendum outcome will induce an abrupt slowdown in short-term GDP growth, as businesses defer investment and consider changes to the legal and regulatory environment. | |
| While recognising the uncertainty of the extent of the negative shock, Fitch has revised down its forecast for real GDP growth to 1.6% in 2016 (from 1.9%), 0.9% in 2017 and 0.9% in 2018 (both from 2.0% respectively), leaving the level of real GDP a cumulative 2.3% lower in 2018 than in its prior ‘Remain’ base case. | |
| Part of the decision was that the EU referendum “makes a second referendum on Scottish independence more probable in the short to medium term,” the release said. | |
| 9.01pm BST | |
| 21:01 | |
| Politico has published an inside account of the PLP meeting this evening in which, they say, Corbyn “fought for his political life.” | |
| In notes from an MP who was inside the meeting, they say that Alan Johnson MP said “I fought the [EU referendum] campaign and I take my responsibility, but you’ve got to take yours. Your office did not even turn up for the weekly meetings.” | |
| Other MPs who took the floor in the meeting and told Corbyn he had to go, Politico says, include Margaret Hodge, Chris Bryant, Ian Murray, Helen Goodman, Ivan Lewis, Clive Efford and Bridget Phillipson. | |
| You can read the whole piece here. | |
| 8.49pm BST | |
| 20:49 | |
| One of the most alarming effects of the EU referendum has been the rise in racially-charged attacks across the country over the weekend. | |
| In utter shock: just been called p**i in my home town! Haven't heard that word here since the 80s..! | |
| Figures on Monday suggested a 57% increase in hate crimes and abuse. | |
| Suspected racist graffiti was found on the front entrance of the Polish Social and Cultural Association (POSK) in Hammersmith early on Sunday morning, and the Metropolitan Police is reportedly on high alert. | |
| “In the past few days we have seen despicable graffiti daubed on a Polish community centre, we’ve seen verbal abuse hurled against individuals because they are members of ethnic minorities,” David Cameron said earlier today. | |
| “Let’s remember these people have come here and made a wonderful contribution to our country. We will not stand for hate crime or these kinds of attacks, they must be stamped out.” | |
| A police source told the Guardian that it was “no coincidence” that the increase came off the back of the EU vote. | |
| 8.40pm BST | 8.40pm BST |
| 20:40 | 20:40 |
| Jeremy Corbyn has lost the support of London Youth Labour, perhaps fairly unsurprisingly given the events of the last week. | Jeremy Corbyn has lost the support of London Youth Labour, perhaps fairly unsurprisingly given the events of the last week. |
| In a statement posted to their website and signed by the group’s executive committee, the organisation says: | In a statement posted to their website and signed by the group’s executive committee, the organisation says: |
| Not only did Jeremy Corbyn fail to deliver passionate Labour messages about staying in the EU, he also refused to work with Britain Stronger In Europe, despite polls showing this would turn out Labour votes. | Not only did Jeremy Corbyn fail to deliver passionate Labour messages about staying in the EU, he also refused to work with Britain Stronger In Europe, despite polls showing this would turn out Labour votes. |
| Warnings were ignored, meetings cancelled and a desperately needed Labour message was lost. | Warnings were ignored, meetings cancelled and a desperately needed Labour message was lost. |
| This result will have effects on everyone, but especially the poorest in our society- for decades to come. These are the people we seek to protect as the Labour party, and we have failed – Jeremy Corbyn has failed. | This result will have effects on everyone, but especially the poorest in our society- for decades to come. These are the people we seek to protect as the Labour party, and we have failed – Jeremy Corbyn has failed. |
| It is for these reasons that we express no confidence in the Leader of the Labour Party, and hope London Labour MPs will consider young members’ views. | It is for these reasons that we express no confidence in the Leader of the Labour Party, and hope London Labour MPs will consider young members’ views. |
| You can read the whole statement here. | You can read the whole statement here. |
| 8.25pm BST | 8.25pm BST |
| 20:25 | 20:25 |
| England is 2-1 down to Iceland right now, and the schadenfreude is nearly overwhelming. | England is 2-1 down to Iceland right now, and the schadenfreude is nearly overwhelming. |
| If Joe Hart is looking for a new job I hear Jeremy Corbyn is hiring... | If Joe Hart is looking for a new job I hear Jeremy Corbyn is hiring... |
| #EURO2016 #ENG v #Iceland There is something essentially familiar to the narrative of this game. | #EURO2016 #ENG v #Iceland There is something essentially familiar to the narrative of this game. |
| Half my timeline is Polish people laughing at #ENG; the other half is English people laughing at #ENG. | Half my timeline is Polish people laughing at #ENG; the other half is English people laughing at #ENG. |
| Presumably we're losing to Iceland as part of some deal to get into the EEA. | Presumably we're losing to Iceland as part of some deal to get into the EEA. |
| Corbyn refused to say who he's supporting tonight #ENGICE | Corbyn refused to say who he's supporting tonight #ENGICE |
| 2-1, England? Lacking respect for foreigners. No single marking. Not enough freedom of movement. | 2-1, England? Lacking respect for foreigners. No single marking. Not enough freedom of movement. |
| 8.16pm BST | 8.16pm BST |
| 20:16 | 20:16 |
| S&P held back the downgrade until the London stock market had closed, so the City hasn’t had chance to react yet, Graeme reports on the Business Liveblog. | S&P held back the downgrade until the London stock market had closed, so the City hasn’t had chance to react yet, Graeme reports on the Business Liveblog. |
| But over in New York, shares are falling deeper into the red on Wall Street. | But over in New York, shares are falling deeper into the red on Wall Street. |
| The Dow Jones industrial average has now shed 306 points, a fall of 1.75% today, on top of the 611 points shed during Friday’s tumble. | The Dow Jones industrial average has now shed 306 points, a fall of 1.75% today, on top of the 611 points shed during Friday’s tumble. |
| The Sterling has also just taken another plunge against the dollar, reaching a new low of $1.32. | The Sterling has also just taken another plunge against the dollar, reaching a new low of $1.32. |
| 8.07pm BST | 8.07pm BST |
| 20:07 | 20:07 |
| This is the view from the platform where Corbyn was speaking: | This is the view from the platform where Corbyn was speaking: |
| I was as elected as the Labour Party's leader to redistribute wealth and power pic.twitter.com/J8F0f4qooO | I was as elected as the Labour Party's leader to redistribute wealth and power pic.twitter.com/J8F0f4qooO |
| 8.06pm BST | 8.06pm BST |
| 20:06 | 20:06 |
| Corbyn has finished speaking. | Corbyn has finished speaking. |
| He spoke defiantly in front of a rally by the pro-Corbyn organization Momentum in parliament square. He didn’t mention the no-confidence vote he’s facing from the Parliamentary Labour Party. | He spoke defiantly in front of a rally by the pro-Corbyn organization Momentum in parliament square. He didn’t mention the no-confidence vote he’s facing from the Parliamentary Labour Party. |
| He left that to his shadow chancellor John McDonnell, who made clear that Corbyn would not be resigning his position, and would be a candidate in any future Labour leadership race. | He left that to his shadow chancellor John McDonnell, who made clear that Corbyn would not be resigning his position, and would be a candidate in any future Labour leadership race. |
| 8.04pm BST | 8.04pm BST |
| 20:04 | 20:04 |
| Corbyn calls for “greater respect in the way we treat each other.” | Corbyn calls for “greater respect in the way we treat each other.” |
| I do not want to live in a country where there are people sleeping in the streets while the mansions are empty. I do not want to walk away from discussions on human rights ... because to me, human rights are universal, not national. | I do not want to live in a country where there are people sleeping in the streets while the mansions are empty. I do not want to walk away from discussions on human rights ... because to me, human rights are universal, not national. |
| In the background as Corbyn speaks, Big Ben tolls the hour. | In the background as Corbyn speaks, Big Ben tolls the hour. |
| I don’t want to be somebody that says to young people, ‘sorry, you’re not going to have it as good as we did because the nation can’t afford it’ ... and we cascade poverty and debt down the generations. | I don’t want to be somebody that says to young people, ‘sorry, you’re not going to have it as good as we did because the nation can’t afford it’ ... and we cascade poverty and debt down the generations. |
| Or are we going to say that the brilliance of science and engineering must be the opportunity for the redistribution of wealth, and that we develop an economy that excites a whole generation that have been told they can only look forward to a future of debt. | Or are we going to say that the brilliance of science and engineering must be the opportunity for the redistribution of wealth, and that we develop an economy that excites a whole generation that have been told they can only look forward to a future of debt. |
| 8.00pm BST | 8.00pm BST |
| 20:00 | 20:00 |
| More Corbyn, speaking in the shadow of the Palace of Westminster: | More Corbyn, speaking in the shadow of the Palace of Westminster: |
| We have a government that is giving tax breaks to the super rich. We have a government that is systematically privatising at least half of our NHS, and if you overlay the map of poverty in Britain, one of those heat maps, and then you overlaid it with where the biggest cuts are taking places, they would be exactly the same, because that is the priority of this govt. | We have a government that is giving tax breaks to the super rich. We have a government that is systematically privatising at least half of our NHS, and if you overlay the map of poverty in Britain, one of those heat maps, and then you overlaid it with where the biggest cuts are taking places, they would be exactly the same, because that is the priority of this govt. |
| John McDonnell as Shadow Chancellor has called this out and turned out party into an anti austerity party, and I thank John for all the work he’s done. | John McDonnell as Shadow Chancellor has called this out and turned out party into an anti austerity party, and I thank John for all the work he’s done. |
| He thanks Diane Abbott, who is standing beside him, for her work as shadow secretary for international development. | He thanks Diane Abbott, who is standing beside him, for her work as shadow secretary for international development. |
| “All these issues have to be linked together to economic inequality,” he says. | “All these issues have to be linked together to economic inequality,” he says. |
| It’s the spirit of hope or the spirit of despair. Which are we? | It’s the spirit of hope or the spirit of despair. Which are we? |
| No mention so far of the no-confidence vote among Labour MPs that he’s facing. | No mention so far of the no-confidence vote among Labour MPs that he’s facing. |
| 7.56pm BST | 7.56pm BST |
| 19:56 | 19:56 |
| Jeremy Corbyn addresses his supporters in Parliament Square | Jeremy Corbyn addresses his supporters in Parliament Square |
| “Friends. Straight after we won the leadership election last year we came to this very same spot to speak up for the rights of refugees to live in our society,” he begins. | “Friends. Straight after we won the leadership election last year we came to this very same spot to speak up for the rights of refugees to live in our society,” he begins. |
| And one of the horrible disfigurements of our society is racism, intolerance ... and sadly this has increased in the last few days. Can we agree we are going to unite as one society to oppose racism in any form. | And one of the horrible disfigurements of our society is racism, intolerance ... and sadly this has increased in the last few days. Can we agree we are going to unite as one society to oppose racism in any form. |
| And recognise that the grotesque exploitation of workers on zero hours contracts called out by Dennis Skinner in the house of commons shows that we don’t need the blame culture, we need the unite culture to work for the social justice to which we all aspire. | And recognise that the grotesque exploitation of workers on zero hours contracts called out by Dennis Skinner in the house of commons shows that we don’t need the blame culture, we need the unite culture to work for the social justice to which we all aspire. |
| Here’s a video of the rally: | Here’s a video of the rally: |
| 7.52pm BST | 7.52pm BST |
| 19:52 | 19:52 |
| “We will not allow the democracy of our movement to be undermined by a handful of MPs who refuse to accept Jeremy’s mandate,” McDonnell continues defiantly. | “We will not allow the democracy of our movement to be undermined by a handful of MPs who refuse to accept Jeremy’s mandate,” McDonnell continues defiantly. |
| We’re not going anywhere. We’re standing solid in solidarity together to ensure we maintain the democracy of our movement, and to ensure that Jeremy Corbyn remains the leader of the Labour Party. | We’re not going anywhere. We’re standing solid in solidarity together to ensure we maintain the democracy of our movement, and to ensure that Jeremy Corbyn remains the leader of the Labour Party. |
| “Solidarity!” he ends. | “Solidarity!” he ends. |
| 7.50pm BST | 7.50pm BST |
| 19:50 | 19:50 |
| Shadow Chancellor John McDonnell addresses the pro-Corbyn rally in Parliament Square. | Shadow Chancellor John McDonnell addresses the pro-Corbyn rally in Parliament Square. |
| “Let me make this absolutely clear,” he says. “Jeremy Corbyn was elected only nine months ago with the biggest mandate any political leader has had from the rank and file of their party. The biggest. We call that democracy.” | “Let me make this absolutely clear,” he says. “Jeremy Corbyn was elected only nine months ago with the biggest mandate any political leader has had from the rank and file of their party. The biggest. We call that democracy.” |
| What we have seen in the last few days is a small number of MPs seeking to undermine the democratic decisions of the labour party members and trade union movement | What we have seen in the last few days is a small number of MPs seeking to undermine the democratic decisions of the labour party members and trade union movement |
| Let me make it absolutely clear. Jeremy Corbyn is not resigning. He’s staying on. | Let me make it absolutely clear. Jeremy Corbyn is not resigning. He’s staying on. |
| If there are MPs who disagree with Jeremy and his policies, it is open to them under our constitution to seek another election. But let me make it clear: if there is another election, Jeremy Corbyn will be standing again and I will be supporting him. | If there are MPs who disagree with Jeremy and his policies, it is open to them under our constitution to seek another election. But let me make it clear: if there is another election, Jeremy Corbyn will be standing again and I will be supporting him. |
| 7.45pm BST | 7.45pm BST |
| 19:45 | 19:45 |
| The no-confidence vote will be a secret ballot of the Parliamentary Labour Party. They would then have to collect 51 names in support of a leadership challenge. | The no-confidence vote will be a secret ballot of the Parliamentary Labour Party. They would then have to collect 51 names in support of a leadership challenge. |
| According to Iain Watson, a BBC political reporter, on Twitter: “Jeremy Corbyn’s spokespeople say he will stay in post until there is a formal challenge and will be a candidate in any leadership contest.” | According to Iain Watson, a BBC political reporter, on Twitter: “Jeremy Corbyn’s spokespeople say he will stay in post until there is a formal challenge and will be a candidate in any leadership contest.” |
| In Parliament square, where Corbyn is expected to speak imminently, his supporters are chanting “Jez we can”. | In Parliament square, where Corbyn is expected to speak imminently, his supporters are chanting “Jez we can”. |