John McDonnell was insisting this morning that Labour was going to win a majority, but just in case, insiders are suggesting that the Shadow Chancellor is planning to take over as interim leader if Jeremy Corbyn resigns after a general election defeat. McDonnell has long championed Rebecca Long-Bailey as a future leader, and there is speculation that he could install her as his shadow chancellor in order to boost her credentials.
This explains why those around Corbyn were so keen to try to abolish Tom Watson as deputy leader in September. They tried to force a rule change at the party’s ruling National Executive Committee meeting which would scrap the post. It was pulled after a big row an an intervention from Corbyn, but Watson stepped aside when the election was called anyway, meaning that he has been removed as a potential blockage to the Corbynites getting their way.

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