The Labour leader and Shadow Foreign Secretary Emily Thornberry said there would be negotiation or deals over policy with the Liberal Democrats or the Greens.
“We are not doing deals, we are not doing coalitions, we are not doing any of these things,” Mr Corbyn said on Thursday. “We are fighting to win this election.”
Mrs Thornberry added: “We are fighting to win and we are fighting to win a majority.”
What is a hung Parliament?
In order for a majority government to form, a party needs to hold a minimum of 326 seats out of the 650 constituencies in the UK.
If an election results in a hung Parliament, the incumbent Prime Minister will remain in office until it is decided who will be responsible for forming a new government.
Hung Parliaments however do not automatically mean a party has to form a coalition government.
Any party that secures a minority victory could try to run a minority government, but it would be left in an unstable position that could be hard to maintain.
General election polls: YouGov predicts a hung parliament for the Conservatives
Will the be a hung Parliament this election?
The last time Britain had a hung Parliament was in 2010, when a coalition government was formed between David Cameron and Liberal Democrat leader Nick Clegg.
Most pollster now agree that the gap between The Conservative Party and Labour is narrowing before the June 8 election date.
According to the latest YouGov predictions, the Tories are in for an estimated 313 seats in Parliament – a hung Parliament.
But the data varies drastically between different polls, with six other pollsters prediciting a majority win for the Conservatives.
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A New Statesman poll from June 2, gives the Tories a majority of 354 seats. Similarly the Britain Elects Nowcast gives Theresa May 362 seats.
Another poll from the Electoral Calculus, predicts that the Conservatives will win 45.3 per cent of the vote and hold onto 362 seats – a 32 seat gain.
Lord Ashcroft has also predicted a Conservative Majority with 360 seats for the Tories and 210 seats for Labour.
The Electoral Calculus predicts the Tories gaining 32 seat on polling day
Can the polls be trusted?
Poll figures have been changing drastically everyday, and the eventual outcome will only be known on June 9.
We are not doing deals, we are not doing coalitions, we are not doing any of these things
Jeremy Corbyn, Labour leader
Theresa May herself said that the one poll “that matters” is the one on election day.
YouGov who have surveyed over 50,000 people for their latest poll, have used the same approach they had before the EU Referendum – a result they correctly predicted.
But with the YouGov poll being the one that stands out the most, with its hung Parliament prediction, the pollster admits that figures could change on polling day.
CHRIS HANRETTY/ELECTION FORECAST
Most election polls predict a Conservative majority
Stephan Shakespeare explained on the YouGov website: “This is just a snapshot based on data form the past seven days and people can and do change their minds in the closing days of a general election campaign.
“Furthermore, it would only take a slight fall in Labour’s share and a slight increase in the Conservatives’ to see Theresa May returning to Number 10 with a healthy majority.
“We know we run a risk publishing so much data in the heat of an election but as data scientists we are committed to innovating to increase both accuracy and specificity.
“We will all watch the daily estimates with interest.