The only question is how badly.
As the country gears up for a June 8 vote, the center-left party lags far behind Prime Minister Theresa May's Conservatives in the latest opinion polls and is bitterly divided over Brexit.
The political system was biased in favor of large companies, he said.
We are getting in touch to invite you to meet with us to discuss ways to stop the Tories wrecking our country in the context of the forthcoming general election. Stand up, leader Jeremy Corbyn.
Professor John Curtice, Britain's leading election expert, says that despite May's strong showing in head-to-head opinion polls against Labour leader Jeremy Corbyn, a lot of Labour seats are still safe due to their demographics.
And May didn't deny it.
'Mr Corbyn, you say that you want to speak for the many not the few, but your poll ratings of something like 14 or 15 per cent suggest that very few people believe you.
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And majority don't.
The Prime Minister, who performed a U-turn by calling for a vote on June 8, said an election would also improve the UK's position in negotiations with European Union leaders.
But some of his own MPs refuse to back his vision.
At a meeting of Labour national executive committee (NEC) on Wednesday, Corbyn announced that he would not be entering an alliance with Nicola Sturgeon's party, according to multiple sources close to the Labour leader.
In the late 1980s he stood in silence at an event for eight IRA gunmen who had been shot dead, yet in 2015 he refused to sing "God Save the Queen" at a World War One memorial ceremony. "I would think that the Lib Dems could come back into fashion". In fact, he is something of a Labour rebel, having defied the party whip 500 times since 2001.
"A stronger economy, an economy with the deficit almost two-thirds down, with 30 million people with a tax cut, four million people taken out of income tax altogether, record levels of employment and £1,250 more a year for pensioners".
"We will not longer allow those at the top to leech off those who bust their guts on zero-hours contracts, or those forced to make sacrifices to pay their mortgage or pay their rent", he said.
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How bad could it be?
The constituency was held by Labour from 1997-2005 and is the party's top target seat in London, needing just a 0.2% swing to overturn Conservative Gavin Barwell's wafer-thin majority of 165. BLINKERED SOCIETY May has called the election to increase the narrow 17-seat working majority in parliament she inherited from her predecessor David Cameron, who quit past year after Britons rejected his call to stay in the EU.
Highlighting policies which will be at the heart of the party's manifesto, Mr Corbyn said: "I want a Labour government that builds council housing", he said.
The Labour leader was mobbed by supporters following his brief address, signing autographs and posing for photographs and selfies as he made his way through the crowd.
He says ordinary people can not ring up HMRC and offer to pay only some tax.
Party sources told the paper that other MPs may follow suit.
"Ultimately this referendum will happen in some form".
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"It's about providing the strong and stable leadership this country needs to take Britain through Brexit and beyond, it's about strengthening our hand in the negotiations that lie ahead, and it's about sticking to our plan for a stronger Britain that will enable us to secure that more stable and secure future for this country and take the right long-term decisions for the future".