Angela Eagle has said she will announce a bid for the leadership of the Labour Party on Monday morning, saying she will “explain my vision for the country and the difference a strong Labour Party can make”.
Earlier, deputy Labour leader Tom Watson pulled out of peace talks with the trade unions aimed at breaking the deadlock between Mr Corbyn and his MPs because “there is no realistic prospect of reaching a compromise” while the leader remained determined to stay in place.
Ms Eagle thanked Mr Watson, Parliamentary Labour Party chairman John Cryer, chief whip Rosie Winterton and the union movement for trying “to find a solution to the impasse Labour faces with a leader who has failed to fulfil his first and foremost duty, that is to lead an organised and effective Parliamentary Labour Party that can both hold the Government to account and demonstrate we are ready to form a government in the event of a general election”.
She added: “On Monday morning I will announce my candidature for leader of the Labour Party. I will explain my vision for the country and the difference a strong Labour Party can make.”
Jeremy Corbyn has vowed to fight a leadership challenge from the former shadow business secretary.
The Labour leader’s spokesman said it was “disappointing” that his deputy Tom Watson had walked away from the union-brokered talks which were attempting to end the impasse between the embattled Mr Corbyn and his MPs.
The collapse of the talks prompted Ms Eagle to announce her intention to fight for the leadership, saying Mr Corbyn had failed “to lead an organised and effective” Parliamentary Labour Party.
A spokesman for the party leader said: “Jeremy Corbyn has reached out to Labour MPs and made clear he wants to work with them to carry out his role as elected leader of the party.
“Jeremy regards the talks with trade union leaders as a vehicle to bring people together, and it is disappointing that some have walked away from them.
“Jeremy is committed to fulfilling all his responsibilities as democratically elected leader and will not betray the hundreds of thousands of people who elected him for a different direction for the Labour Party and a different kind of politics.
“He continues to be fully committed to working with the Parliamentary Labour Party and is ready to talk with as many people as necessary to assist that process, discussing policy initiatives and listening to ideas.
“He will remain leader of the Labour Party and will contest any leadership challenge if one is mounted.”