Corbyn to Stand Down as U.K. Labour Party Faces Record Defeat

(Bloomberg) -- Sign up to our Brexit Bulletin, follow us @Brexit and subscribe to our podcast.Jeremy Corbyn said he will stand down as leader of the U.K.’s opposition Labour Party after a comprehensive rejection of his bid to lead the country.Early results confirmed the exit poll forecast, which suggested Labour would lose 61 seats since the 2017 election, finishing on just 201 MPs, as Boris Johnson’s Conservatives head for a big majority. If correct, it would be