Labour enjoyed a "remarkable success" across the country, despite the party's dismal poll results in Scotland, Labour's shadow chancellor John McDonnell has said.
"Pundits were predicting we'd be losing hundreds of seats and we haven't, in fact we have gained many," he told journalists at the London Assembly count centre at Kensington Olympia, where he was supporting Labour candidates.
"We've held on to councils we've targeted. It looks as though we're going to take London, we're going to take GLA [Greater London Authority] seats as well."
Commenting on Labour's poor performance in Scotland, he said: "Scotland is sad, it will take us years to recover. But the party will rebuild."
Labour leader hits out at a harmful "running commentary" in the media as he admits the party is not in a position to win the next election.
MPs say the results show that Jeremy Corbyn's brand of socialism isn't working - but he has done well enough to stave off a coup.
A Labour MP opposed to Jeremy Corbyn just texted me: he has until next year to prove he can win the General Election in 2020.