Jeremy Corbyn says Labour won’t block Britain’s exit from ‘distrusted’ EU

“Labour accepts and respects the result of the referendum. We won’t be blocking our leaving the European Union,” he will say.

Corbyn will echo comments by his shadow chancellor John McDonnell last month in which he welcomed Brexit as an “enormous opportunity” for the UK.

“We now have the chance to do things differently,” he will say.

“To build an economy that invests and works for everyone across all our nations and regions.”

Some Labour MPs have called on the leadership to push for a softer or delayed Brexit. However, Corbyn’s comments align him with McDonnell, who believes that any attempt to delay or prevent Britain’s exit would put Labour “on the side of certain corporate elites.”

Brexit must not be used to reward the banking and financial industries, Corbyn will insist.

“A Brexit that protects the bankers in the City and continues to give corporate handouts to the biggest companies is not good enough,” he will add.

Corbyn will not outline how the party plans to prevent such an outcome, however. Speaking last month, McDonnell said that while the party would not vote against the government on Brexit, they would use “moral pressure” to persuade the government to get a good deal for workers.

“I think it’s the moral pressure that we’ll be able to exert… I don’t think it will come down to parliamentary procedures…” he insisted

“No government can resist [the moral pressure].”