This is obviously a very disappointing night for the Labour Party.

I want to also make it clear that I will not lead the party in any future general election campaign.

I will discuss with our party to ensure there is a process now of reflection on this result and on the policies that the party will take going

forward.

It's not Corbinism.

There is no such thing as Corbynism.

Jeremy Corbyn's undeniable popularity in 2015 was no coincidence. The promise of a radical

rethink of the British economy resonated with large swathes of the electorate, who had been

left behind by years of Tory-led austerity. Corbyn, alongside his shadow chancellor John McDonnell,

promised to reshape the economic landscape to benefit the many, while attempting to move

power away from the privileged

few. It was a passionately convincing narrative that broke with years of new labour triangulation

on economic matters, and it propelled Corbyn straight into the Labour Leader's Office, despite

the widespread concerns of those who questioned this foreign policy record. One of the first

moves taken by Corbyn's office was to convene a

Labour Economic Advisory Committee, inviting some of the world's leading left-wing economists

to help create a viable and sustainable economic model for anti-austerity Britain. The committee

featured famed economists such as Thomas Piccote, Anne Petitford and Joseph Stiglitz. Just over a year later, leading figures resigned

and the committee would collapse amid growing concern

with the direction the party was taking under Jeremy Corbyn's leadership.

Following Corbyn's confused position on Brexit,

many of the figures initially excited about the project

...