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Labour donors flinch as Corbyn mulls return to Clause Four

Jeremy Corbyn is set to triumph in the Labour leadership election in the first round of voting, according to the latest YouGov poll. “I really can see him being Prime Minister in five years’ time”.

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Tonight, Rochdale’s Labour MP Simon Danczuk said: “Having seen the list in relation to Rochdale and hearing the horror stories from around the country in terms of entryism within the Labour party, I do think we’re moving to a position where the election probably isn’t tenable”.

Jeremy Corbyn, current leader of the Labour leadership race, has called for the reinstatement of the “clause IV” into the party’s constitution, which backs the nationalisation of certain UK industries.

Asked about gay marriage at an event in Northern Ireland Corbyn, said: “I have always supported homosexual law reform”.

Not everyone is backing Mr Corbyn, however.

The contest has been hit by claims that members of far-left groups and Conservatives are among around 190,000 to have signed up since the party’s general election defeat in May.

Mr Campbell said on his blog that he thought Mr Corbyn was “an OK guy, a good MP, and his stance clearly chimes with many people’s views of anti-austerity” but his ability to lead and hold the party together “is likely to be low”.

Spokesman Graham Sharpe said: “We can recall no other example of a 200/1 chance becoming an odds-on favourite in a political betting market in our 50-plus year history of political betting”.

But he said the choice of candidates on offer was “underwhelming”, saying that Andy Burnham and Yvette Cooper, who he described as “the most credible candidates”, had failed to capture “the mood in the party”.

But Clarke, who joined the Labour party in 1979 and stood as a parliamentary candidate in 1983, said that his concerns about Corbyn were “broader than just the relationship with business”.

Pressed on how much he would spend to achieve the goal, Mr Burnham said: “I believe it can finance itself because the money that can be generated can come back into supporting it”.

In Kendall’s video, entitled “An open letter to the Labour party”, she reads the text from a letter she will send to party members. “But we are going ahead”. We need to appear credible to the electorate, and I don’t think the majority of the British people support Jeremy Corbyn’s far left policies.

“Although the Labour party had the right intentions when it sought to give more people a say in the election, we must ensure that robust procedures go with it to weed out those seeking to vote for all the wrong reasons”.

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“Under my premiership, we in the next Labour government will be committed to making these dreams of a fairer start in life for all young adults become reality”.

Barry Sheerman