Rachel Reeves to be SACKED as Chancellor in shock demotion plan under Andy Burnham

Chancellor Rachel Reeves will be demoted from her current position in the Treasury if Andy Burnham succeeds Prime Minister Keir Starmer, according to reports.

It is understood Ms Reeves will be offered an alternative cabinet role if the former Greater Manchester Mayor gets the keys to Number 10 Downing Street.

Since Labour returned to power in July 2024, the Chancellor has come under fire over her fiscal policies, including the changes to inheritance tax (IHT) impacting farmers and the hike to National Insurance for employers.

Sources close to Mr Burnham's team told The Financial Times that Ms Reeves has been viewed as not being successful during her tenure at the Treasury.

Energy Secretary Ed Miliband, former Health Secretary Wes Streeting, and Home Secretary Shabana Mahmood have been named as potential successors to Ms Reeves.

GB News has contacted the Cabinet Office for comment.

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