Labour deputy hopeful attended billionaire’s bash as Corbyn condemned super-rich in speech

Ms Butler, who is hotly tipped to replace Tom Watson after he stepped down from his coveted role, was entertained by Fulham FC owner Shahid Kahn’s £160 million superyacht Kismet on Halloween - the day Britain should have left the EU. The Brent Central candidate enjoyed the lavish bash on the stunning yacht, moored on the Thames near central London’s Tower Bridge, at the same time Mr Corbyn blasted billionaires at a rally in Battersea, five miles away, the Sun Online reports. He said at the rally: “We’re going after the tax dodgers. We’re going after the dodgy landlords.

"We’re going after the bad bosses. We’re going after the big polluters. Because we know whose side we’re on.”

Shockingly, this came on the same day fellow Labour MP Lloyd Russell-Moyle also condemned billionaires.

He said: “I don’t think that anyone in this country should be a billionaire."

Labour Deputy Leader Tom Watson has announced he does not intend to stand in the December 12 election.

Ms Butler is one candidate aiming to replace him.

Mr Corbyn is expected to stay on for several months after a general election defeat if it occurs in order to allow a smoother handover to his successor.

The party is suggesting splitting the co-leadership to tackle leave and remain areas of Britain with the aim of winning over as many supporters as possible in time for the major Christmas ballot.

Tory MP Mark Francois said of the co-leader proposals: “Many of us have been saying for years that Labour are utterly two-faced on Brexit — this would just make it official.”

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Colleague Andrew Bridgen said: “This just underlines the problem Labour has and the circle it can’t square — how to keep both their metropolitan Remain supporters and their Midland and Northern Leave voters on board.”

Suggestions for the northern leave representative half of the role include Rebecca Long-Bailey (Salford and Eccles), Laura Pidcock (North West Durham), Lisa Nandy (Wigan) and Angela Rayner (Ashton-under-Lyne).

Suggestions for their co-leader from the other half include Jonathan Ashworth (Leicester South), Dawn Butler (Brent Central), David Lammy (Tottenham), John McDonnell (Hayes and Harlington), Sir Keir Starmer (Holborn and St Pancras) and Emily Thornberry (Islington South and Finsbury).

Labour are forecasted to pick up 182 seats in the general election according to electoral calculus’s latest forecast.

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The forecast looks at polls from October 25 to November 4 with 15,917 people sampled.

If Labour were to pick up only 182 seats it would be the first time since 1935 that they would drop below 200 MPs in the Commons.

A statement issued by the Labour Party said Mr Watson would continue to campaign for Labour in the run-up to the election.

The decision comes just weeks after Mr Corbyn intervened to stop a plot to abolish the post of deputy leader at the party's annual conference, which would have effectively fired Mr Watson.

In a letter to Mr Corbyn, Mr Watson insisted his decision was "personal, not political".

During their time together at the top of the party, the two men clashed repeatedly, with Mr Watson, a former ally of Gordon Brown, becoming a focus for the "moderate" opposition in the party to Mr Corbyn.

He was publicly critical of the leadership's attempts to tackle anti-Semitism in the party and led moves to push it into supporting a second referendum on the EU, despite the entrenched resistance of the leader.

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