Corbyn refuses to resign in wake of Brexit

BRITISH Labour leader Jeremy Corbyn refused to resign yesterday despite losing the confidence of 172 of his MPs.

Backed by only 40 of his colleagues, the 67-year-old was crushed in a no-confidence motion inspired by last week's shock result in the UK's referendum on whether to stay in the European Union.

"I was democratically elected leader of our party for a new kind of politics by 60% of Labour members and supporters, and I will not betray them by resigning," the 67-year-old, who was elected last September, said in a statement.

"Today's vote by MPs has no constitutional legitimacy."

The self-described democratic socialist backed the Remain campaign in the referendum, but disappointed both sides of the debate within his party.

Many are questioning his ability to lead Labour to victory in a probable snap election.

The Conservative Party has announced nominations to replace outgoing Prime Minister David Cameron close today, with the winner to be announced on September 9.

If there are more than two candidates, the field will be whittled down next week in a vote by Tory MPs. A postal ballot of party members will follow.

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