As I write this, Corbyn has just been elected as leader of the Labour party. In my opinion, he'd be a disaster for the country but, more importantly, he won't ever get elected as Prime Minister.
Firstly, he's seen as extreme and the media portray him as extreme (and he is extreme). Most of the British electorate see themselves as centrist mainly, despite his policies that many would agree with such as higher taxes on the wealthy and renationalisation of transport, image is just as, if not more important. Most of the UK electorate place Ed Miliband to the left of their own views for example, you can guess where they'd place Corbyn.
Economy - Labour already has a terrible rating on the economy among the British electorate, if Corbyn comes in, with how effective the Tories' obsession with the deficit has been, promising more spending increases from hazy areas like tax avoidance or higher taxes on the wealthy, the British won't trust him.
Aspiration. This word gets thrown around too often in politics but it's true. Corbyn would make many, many Britons worse off through taxes and cuts. A more redistributive government may be arguably good for the country but if you earn over £50,000 or have any chance of earning that much in the future, why would you vote for someone proposing a 13% NI tax increase on you? The same goes for cuts to the wealthiests' pensions that the Tories are terrified to touch. Or extra taxes on businesses that will hurt millions of business owners.
Corbyn talks about how taxes have moved from taxing income to taxing consumption. And he's absolutely right, income and corporation taxes have fell dramatically for almost everyone over the past few decades and VAT and other taxes on petrol, alcohol and tobacco have all risen. But, maybe it's simply the nature of democracy that taxes gravitate towards consumption which are less noticeable than taxes that get took off your paycheque every month. One thing's for sure, a major party could never propose to raise income tax for the majority of people without getting voted out.
The only thing he has on his side, perhaps, is his leadership qualities. If he's a good leader and can effectively oppose the Tories' policies, he can gain a few votes, certainly more than the other candidates that lacked any real passion.
But, because of the first two things, there is no doubt in my mind he has absolutely zero chance of ever winning an election or even making it to 2020. But, it will make the next five years very interesting, at least.
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