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Jeremy Corbyn is expected to announce his departure as Labour Party leader after a historic defeat for his party in the United Kingdom's general election.
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The Shadow Chancellor John McDonnell said on Thursday that an "appropriate decision" would be taken about Corbyn's future on Friday morning.
The scale of Boris Johnson's victory means that whoever replaces Corbyn when he does stand down, will have a huge mountain to climb in order to form a Labour government at the next general election, currently scheduled for 2024.
The leadership race is likely to be bitterly fought between candidates from Corbyn's wing of the party and those on the softer left and the right.
Here are the likely runners and riders in the race to replace Corbyn.
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Sir Keir Starmer
The Shadow Brexit Secretary is a rare beast within the Labour Party in that he has maintained the respect of both Corbyn's supporters in the party and his critics. The former Director of Public Prosecutions, Starmer has grown into a formidable figure in the party, thanks to his strong House of Commons performances and keen eye for detail. He was the first choice of Labour members to replace Corbyn in one poll conducted earlier this year.
However, Starmer will be forced to defend his role in forcing Corbyn to take a more anti-Brexit position. Given Labour's hammering in Leave-voting areas in this election, Starmer's position as the most pro-Remain frontline position in the party will not necessarily work in his favour.
Emily Thornberry
Starmer will face competition on the fervently pro-European wing of the party from the Shadow Foreign Secretary Emily Thornberry. Thornberry is another formidable operator who remained part of Corbyn's team despite coming from a very different political tradition to the Labour leader. YouGov's polling suggests that she is in a good position to capitalise on the party's anti-Brexit membership. However, with the campaign against Brexit all but over, this may not prove to be quite the advantage it once appeared.
Rebecca Long-Bailey
Long-Bailey has long been groomed by Corbyn and his Shadow Chancellor John McDonnell to be the heir to the Corbyn project. The Shadow Business Secretary is in a good position to be the left's candidate but is by no means assured of taking that position. There is also a popular school of thought within the party that the next leader ought to be a woman from outside of London, potentially putting Mancunian Long-Bailey at an advantage.
Angela Rayner
The same applies to Shadow Education Secretary Angela Rayner, who is another another likely contender. Rayner is an engaging politician with strong support within the party membership. Whether or not she would stand against Long-Bailey, or whether one of the two would choose to step aside so as not to split the left vote, remains to be seen.
Jess Phillips
Phillips has become a well-known political figure in recent years despite not serving in the shadow cabinet and is reportedly considering a run for leader. Her outspoken views and regular appearances in the broadcast and print media has gained her a lot of support among those in the party who have been critical of Corbyn's leadership. She is something of a marmite figure within the party membership and would probably struggle to gain the sort of support she would need to become a viable candidate should she choose to tun.Our Brexit Insider Facebook group is the best place for up-to-date news and analysis about Britain's departure from the EU, direct from Business Insider's political reporters. Join here.
