There's going to be no leadership election because we're going to win the election and Gordon Brown's going to be leader.
However, the plot thickens. If we are to believe James Macintyre, Gordon intends to stay on as Labour leader even if he loses. ROFL. Sunder Katwala thinks this is a rather good idea on the basis that you should take at least six months to choose your new leader if you go into Opposition. Actually, I think he has a point. Labour does indeed need to take time over the choice of its next leader and have a full and frank debate about the direction of the party. Assuming, of course that bankruptcy doesn't intervene in the meantime.