Jeremy Corbyn trailing David Cameron in snap poll

Corbyn yesterday won the race to become leader of the opposition Labour Party in a landslide victory here, a development that threatens to further divide the party.

After his resounding victory in the party’s leadership contest, Liz Kendall, Yvette Cooper, Tristram Hunt, Rachel Reeves, Emma Reynolds and Shabana Mahmood ruled out being part of his frontbench team.

In a speech delivered after the announcement of his victory, Corbyn said his first act as leader of the party would be to attend a protest demanding better treatment of refugees.

“The party is walking eyes shut, arms outstretched over the cliff’s edge to the jagged rocks below”, warned former centrist Labour prime minister Tony Blair in one of three increasingly desperate pleas to voters to stop the Corbyn surge before the result was announced.

That’s a prospect likely to be savored by investors.

Considered an eccentric outsider and a longshot just months ago, Corbyn won many over with passionate arguments for nationalizing industry, heavily taxing corporations and the rich, increasing spending and ending austerity. He warned would-be rebels that “there’s always someone who can do a front-bench job”, speaking on the BBC’s “Andrew Marr” program on Sunday. Fewer than 15 percent of those members voted for him.

In a sign of the change of style, Corbyn asked supporters to send in questions to ask David Cameron at Wednesday’s weekly Prime Minister’s Questions in parliament.

The results of survey – which saw 1,031 British adults quizzed online – comes a day after the Islington North MP replaced Ed Miliband as Labour leader.

“I do believe there is a challenge now for the Labour party in Wales to understand that we have a new radical position as far as the UK Labour party is concerned and that needs to be reflected in Wales”, he told the programme. “Something is going on out there”. I want you to join our campaigns, create lively, visible Labour Parties in every community.

Within hours of his victory, several prominent Labour lawmakers announced they would not serve under Corbyn. Watson was loyal to the new leader throughout, saying there is “zero chance” of him being toppled by the next election while reeling off kind words about his principles and policies.

Mr Corbyn was named leader on Saturday morning, gaining 60 per cent of the vote. Only Labour can speak for the real Britain.

Mr Reed hit out at Mr Corbyn, branding his stance on the nuclear industry as “poorly informed and fundamentally wrong”, adding it was “time to turn the despair of defeat into the determination to win”.

“We will continue to engage with Labour honestly and directly on behalf our members, who represent businesses large and small across the United Kingdom, and hold a variety of political views”.

Michael Gove admitted Jeremy Corbyn could be Britain’s next Prime Minister. “We need to lay out at this time the scale of the risk”.