(Bloomberg) -- U.K. Labour Party member Angela Eagle said she's planning to make a leadership bid on Monday, as the tussle to oust its leader Jeremy Corbyn heats up.
Eagle said she will explain her “vision for the country and the difference a strong Labour Party can make,” the Press Association reported earlier on Saturday. It comes as Labour Party deputy leader Tom Watson said there's no realistic prospect of an agreement between the party's union backers and Corbyn, the BBC reported separately on its website.
Angela Eagle
Corbyn is resisting calls to step down after losing vote of confidence among his lawmakers by 172 votes to 40 and seeing dozens of senior Labour lawmakers exit his team. The standoff has left the party in turmoil at a time of crisis in British politics following last month's unexpected Brexit vote, which spurred the resignation of Prime Minister David Cameron and sent the pound to a 31-year low against the dollar.
Corbyn has “still got a clear lead, but a much smaller one than he had before" at the peak of his popularity, said Matt Singh, a political analyst at non-partisan blog NumberCruncherPolitics. "There has been a big influx of new members, about 130,000 since the referendum. It's really going to depend on what the make-up of this group is.”
--With assistance from Kit Chellel To contact the reporter on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net. To contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Jon Menon, James Amott
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