Morning Call: pick of the papers

The ten must-read comment pieces from this morning's papers.

1. A short history of austerity: it almost never works (Guardian)

You have to be one of Vince Cable's 'austerity jihadists' to believe you can cut your way out of a slump, writes Aditya Chakrabortty.

2. Labour and the Tories both think they'll lose 2015 and they can't both be right (Independent)

The mood in each camp is downbeat and introspective, but “Sorry we blew it last time" isn't the kind of slogan that wins elections, writes Steve Richards. 

3. Punish them, yes. But jail doesn’t fit this crime (Times) (£)

Huhne and Pryce broke the law, writes Rachel Sylvester. But locking them up in our expensive, overcrowded prisons serves no purpose.

4. Prison is the right place for Chris Huhne and Vicky Pryce (Daily Telegraph)

If they’d got off lightly for swapping penalty points for speeding, how many others would be encouraged to test the legal system, asks Philip Johnston.

5. Prepare for endgame in North Korea (Financial Times)

The US and China should pool ideas on the nuclear threat, says Gideon Rachman.

6. If Cameron wants his troops to rally, he must act like a general (Daily Telegraph)

MPs would fight to the death for victory, but they need the PM in the trenches with them, says Benedict Brogan.

7. A mansion tax can stop this mountain of wealth crushing us (Guardian)

Labour barely breathed on the super-rich when in power, says Polly Toynbee. In backing a mansion tax, they are at last offering an alternative.

8. Time for the media to find a compromise on Leveson recommendations (Independent)

The sluggish progress that has followed the inquiry risks the worst possible outcome, says an Independent editorial.

9. Immigration exposes political weakness (Financial Times)

Conservatives are caught between the right and left, writes Stanley Greenberg.

10. I'm leaving the Liberal Democrats too (Guardian)

The justice and security bill will have a corrosive impact on individual rights, writes Philippe Sands. The party's support for it is a coalition compromise too far.

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Will Jeremy Corbyn stand down if Labour loses the general election?

Defeat at the polls might not be the end of Corbyn’s leadership.

The latest polls suggest that Labour is headed for heavy defeat in the June general election. Usually a general election loss would be the trigger for a leader to quit: Michael Foot, Gordon Brown and Ed Miliband all stood down after their first defeat, although Neil Kinnock saw out two losses before resigning in 1992.

It’s possible, if unlikely, that Corbyn could become prime minister. If that prospect doesn’t materialise, however, the question is: will Corbyn follow the majority of his predecessors and resign, or will he hang on in office?

Will Corbyn stand down? The rules

There is no formal process for the parliamentary Labour party to oust its leader, as it discovered in the 2016 leadership challenge. Even after a majority of his MPs had voted no confidence in him, Corbyn stayed on, ultimately winning his second leadership contest after it was decided that the current leader should be automatically included on the ballot.

This year’s conference will vote on to reform the leadership selection process that would make it easier for a left-wing candidate to get on the ballot (nicknamed the “McDonnell amendment” by centrists): Corbyn could be waiting for this motion to pass before he resigns.

Will Corbyn stand down? The membership

Corbyn’s support in the membership is still strong. Without an equally compelling candidate to put before the party, Corbyn’s opponents in the PLP are unlikely to initiate another leadership battle they’re likely to lose.

That said, a general election loss could change that. Polling from March suggests that half of Labour members wanted Corbyn to stand down either immediately or before the general election.

Will Corbyn stand down? The rumours

Sources close to Corbyn have said that he might not stand down, even if he leads Labour to a crushing defeat this June. They mention Kinnock’s survival after the 1987 general election as a precedent (although at the 1987 election, Labour did gain seats).

Will Corbyn stand down? The verdict

Given his struggles to manage his own MPs and the example of other leaders, it would be remarkable if Corbyn did not stand down should Labour lose the general election. However, staying on after a vote of no-confidence in 2016 was also remarkable, and the mooted changes to the leadership election process give him a reason to hold on until September in order to secure a left-wing succession.

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