Here is the situation with Labour as of 9:30am. Corbyn is “definitely” facing a live plot to remove him as leader – the Shadow Cabinet meets at 10am where it is possible Shadow ministers will tell him to resign or threaten to resign themselves. Labour MPs are putting heavy pressure on Shadow ministers to man up and tell him to go immediately. Shadow Cabinet members are spreading rumours that Corbyn and McDonnell personally voted to Leave…

There are rumours of a letter of no confidence in circulation, though it has yet to reach some moderates Guido has spoken to. That could take a few days to come to fruition. Angela Eagle, a possible successor, has dodged questions about whether Corbyn should resign. John McDonnell is named as either being “behind” moves against Corbyn or as a potential successor. McDonnell’s team, including his top aide James Meadway, were in Portcullis House this morning where they were described as jubilant by a witness. Sadiq Khan is meeting Labour MPs in parliament too. Could a second party leader be out this weekend?