Frankly I don't think Labour were too sorry to lose the last election, aside from being wiped out in their traditional heartland of Scotland which looks like it will have serious long term ramifications for the party.
If Corbyn carries on in this vein (and why wouldn't he?), I can see the party splitting as more Labour MP's perceive their futures hanging in the balance even more so than when Brown and Miliband were at the helm . Labour would do well to exorcise the loony lefties and extremists amongst its ranks but will they? SDP#2 anyone?
If this carries on I reckon Corbyn will go down in history as the leader who destroyed his own party and if that's the case whose going to be the 'opposition' to the Tories?