Lord Mandelson has admitted that he thinks Jeremy Corbyn has a “very strong” chance of winning at the next general election.
Previously Mandelson criticised the Labour leader and suggested he was trying “every single day” to oust Corbyn from his position, according to The Huffington Post.
The former Labour Cabinet minister has now said: “I’m not a Corbynista. I am New Labour to my core because I believe in both social justice and economic efficiency.
“But he is the leader, the Tories are giving him and the Labour party victory on a plate at the next election, it seems to me, but what sort of victory he gets depends on him and what he does now."
He believes that for Corbyn to take a large majority at the next general election he should target centre-ground voters.
Mandelson thinks the Labour leader can "consolidate his sort of sectarian support on the left and amongst young voters or he can additionally embrace more centrist and older voters."
Then for Labour itself he said Corbyn could either control it ideologically or push for unity across the entirety of the party.
Mandelson also said two Tory MPs he had spoken to "are now talking about the threat of annihilation of the Conservative party at the next election" because of Labour and claim the EU referendum caused divisions in the Tory Party to go deeper.