Is Jon Cruddas about to join the Labour leadership race?

You might think so, given this comment at a Compass event this evening. Note the dig about not having a “coronation”. Hat-tip LabourList. (Although one theory remains that he could join forces with David Miliband in a left-right internal alliance).

Asked whether he would stand, Cruddas said:

“I have been encouraged by the number of calls and emails that I’ve received. I am grateful that people think I can play a role in rebuilding the party. The key element is that rebuilding process is time. We’re in for the long haul here, and time is on our side. We must not rush a leadership contest, or have any sort of coronation. And as the party must take its time, so I will carefully consider my position.”