Labour leadership election: Jeremy Corbyn and rivals await result - live

The Labour leadership candidates will earn who has been elected today (AP)

The result of the Labour leadership election is to be announced today, with Jeremy Corbyn remaining the bookies’ favourite to triumph over rivals Andy Burnham, Yvette Cooper and Liz Kendall. Here are the latest updates:

• Burnham thinks Corbyn would be 'a disaster'

• Corbyn prepares to lead the Labour Party

• Shadow cabinet members 'could resign' if Corbyn wins

• Everything you need to know about the election

• Corbyn's team complains over BBC 'hatchet job'

• Former minister has 'no regrets' backing Corbyn

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The result is expected shortly before midday at a conference in central London, where the party’s deputy leader will also be named following a ballet of more than 550,000 party members, supporters and trade unionists.

Up to a dozen members of the shadow cabinet could resign in the event of a Corbyn victory, the Telegraph reports.

The newspaper understands the MPs will reject any offer he makes unless he ditches policies that were central to his campaign, while a centrist group dubbed ‘The Resistance’ has formed. Labour leadership: The Contenders

Mr Corbyn's closest rivals in the race to succeed Ed Miliband are shadow cabinet members Ms Cooper and Mr Burnham.

The Islington North MP’s anti-austerity stance appears to have struck a chord with many potential voters and helped inspire a rush of people to sign up to take part in the election.

Almost 113,000 people took advantage of new rules opening the contest up to non-members, although some were later banned from voting.

The new leader will appoint a shadow cabinet and take the helm from acting leader Harriet Harman to face down David Cameron in Parliament. Jeremy Corbyn has said that he would offer Andy Burnham the job of Shadow Chancellor (AP)

The Prime Minister has claimed victory for Mr Corbyn would be bad for the UK as it would break a valuable consensus between the main parties on issues such as nationalisation, nuclear weapons, taxation and union laws.

“The country is stronger when you have shared objectives rather than when you've got someone who wants to take us back to the days of Michael Foot and Arthur Scargill,” he said.

Under reforms introduced by Mr Miliband after his surprise election in 2010, his successor is being elected by a one-member, one-vote system instead of the electoral college that placed more influence in the hands of politicians and unions.

Additional reporting by PA