Rachel Reeves has been dismissed as Chancellor of the Exchequer by incoming Prime Minister Andy Burnham on his first day in office, making her one of the first high-profile Cabinet ministers to be removed. The former Chancellor confirmed her sacking in a post on X, where she also expressed support for her successor and the new Cabinet.
Reeves Confirms Sacking on Social Media
In her statement, 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." She highlighted achievements including restored stability, delivered investment, and ongoing economic reform.
Reeves also reflected on her personal benchmark for success: "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." She encouraged young women and girls, stating, "let my time in office show there should be no ceilings on your ambitions, your hopes or your dreams."
Burnham's First Day Reshuffle
The sacking of Reeves is part of a major Cabinet reshuffle initiated by Burnham, which also saw David Lammy removed from his position. The changes signal a shift in economic and foreign policy direction under the new Prime Minister. Reeves concluded her statement by wishing "the very best of luck to my successor, Andy and his Cabinet," adding, "You have my full support and I will continue to play my part in helping this Labour Government deliver the change the country needs."
According to reports, Burnham is poised to borrow more and unleash tax raids on high earners, marking a departure from Reeves's fiscal approach. The reshuffle underscores a new era for the Labour government as it seeks to implement its agenda.
