Labour MP says her party is not trying to win election

It was also announced that the date for the general election would be June 8, 2017.

"Equity markets are mixed with the UK's FTSE down and underperforming on account of the oil price drop's disproportionate influence, compounding additionally unwelcome GBP strength to hurt its significant global exposure", said Mike van Dulken, head of research at Accendo Markets. "Because when we win it is the people, not the powerful, who win", declared Mr Corbyn. Because the British people know that they are the true wealth creators, held back by a system rigged for the wealth extractors.

After news sites - including this one - began reporting that Corbyn would not rule out a second vote the Labour leader was forced in to an embarrassing clarification.

"If they truly trusted the British people - and wanted to give them a real say over the future direction of this country - then they would have committed to a democratic vote on any final deal", she said.

She insists an early election would provide "certainty and stability" in the negotiations, which will now start after the vote.

10.05am.... Tory manifesto to stop Remainers from blocking Brexit plans...

May, Britain's second female prime minister, who took over last summer following her predecessor David Cameron's failure to convince voters to back the European Union, also appears to have won strong popular support for her handling of the political natural disaster unleashed by Brexit.

John Husselbee, head of multi-asset at Liontrust Asset Management says: "The knee-jerk reaction to the snap United Kingdom election announced by Theresa May yesterday was a stronger pound and a weaker United Kingdom stock market".

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She has also played up the strength of the British economy, which has so far defied predictions of a slowdown, a key campaign theme that her Conservative Party will use to try to undermine Labour in the election. The European Council has said the election will have no implications for the EU's plans to finalise its negotiating mandate at the Brexit summit on 29 April.

But cynics will conclude that the prime minister simply could not resist the opportunity to crush the Labour Party while it is weak and divided, offering the Conservatives the prospect of a landslide victory and silencing her internal party critics along the way.

Latest polls show Labour lagging a staggering 24 points behind the Tories, who command an imposing 48% of the popular vote.

May pushed for the snap poll in hopes of smoothing the Brexit process.

Earlier Corbyn ruled out forming a coalition with the Scottish National Party in the event of a hung parliament.

"Theresa May has no answers to the big challenges facing Britain, just more of the same failed policies which will take the country backwards and make us more unequal".

He said: "Much of the media and establishment are saying this election is a foregone conclusion".

"That would be in nobody's interest", May said. "Independence would lead to turbo-charged austerity in Scotland - not progressive politics", he added.

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