Wyatt to speak soon on Labor leadership

Shadow treasurer and potential Labor leader Ben Wyatt is expected to address the media this afternoon after spending the morning in meetings with the party's Right faction.

Mr Wyatt is expected to announce whether he will challenge the embattled Opposition Leader Eric Ripper for the top job.

Mark McGowan, seen as the only other serious contender to challenge Mr Ripper, reaffirmed his opinion that now was not the time for a new leader as he left the meeting.

Mr McGowan stated he would not contest the leadership if a spill was called.

It is understood the Labor's Left faction still stands behind Mr Ripper.