In a statement, Mr Corbyn said: "Many in Britain and elsewhere will be understandably shocked by Donald Trump’s victory in the US presidential election, the rhetoric around it and what the election result means for the rest of the world, as well as America.

"Trump’s election is an unmistakable rejection of a political establishment and an economic system that simply isn’t working for most people. It is one that has delivered escalating inequality and stagnating or falling living standards for the majority, both in the US and Britain.

"This is a rejection of a failed economic consensus and a governing elite that has been seen not to have listened. And the public anger that has propelled Donald Trump to office has been reflected in political upheavals across the world."