Leeds MP Rachel Reeves' first words after being axed as Chancellor by Andy Burnham

“I wish the very best of luck to my successor” 🚨

Rachel Reeves has been axed as the Chancellor of the Exchequer by new Prime Minister Andy Burnham.

The former Greater Manchester mayor stepped into Number 10 Downing Street for the first time since replacing Sir Keir Starmer as the leader of the Labour Party today (July 20). Addressing the nation, he promised to end rough sleeping and to provide relief to the cost-of-living crisis.

Chancellor Rachel Reeves (Stefan Rousseau/PA)placeholder image
Chancellor Rachel Reeves (Stefan Rousseau/PA)

There had been much speculation over the make-up of Mr Burnham’s cabinet - and it was finally confirmed on Monday afternoon that Leeds West and Pudsey MP Rachel Reeves is one of the first casualties. She will not remain in Number 11 as the Chancellor.

In a post on X, Ms Reeves wrote: “It has been the privilege of my life to serve as the Chancellor of the Exchequer.

“The economy today is stronger, fairer and more resilient because of the choices we have taken as a Labour Government over the past two years.

“Stability restored, investment delivered and reform to our economy under way.”

She continued: “I said when I was appointed Chancellor that I would judge my time in office if the lives of ordinary working class people have been improved. I’m proud to say that they have.

“And to every young woman and girl, let my time in office show there should be no ceilings on your ambitions, your hopes or your dreams.

“I wish the very best of luck to my successor, Andy and his Cabinet. You have my full support and I will continue to play my part in helping this Labour Government deliver the change the country needs.”

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