Labour leader Sir Keir Starmer has revamped his frontbench team in the wake of dismal election results.
Anneliese Dodds has been sacked as shadow chancellor and will become party chair.
Replacing her as Rishi Sunak’s opposite number is Rachel Reeves who said she was “honoured”.
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Angela Rayner, who was sacked as party chair yesterday, has been handed significant new powers, including as shadow cabinet office minister, shadowing Michael Gove, and retaining control over party matters, ahead of Ms Dodds.
She will also be shadow cabinet minister for the future of work.
Chief whip Nick Brown has been sacked and will be replaced by Alan Campbell.
A spokesman for Mr Brown said: “Nick thinks it’s a reasonable time for Nick to move on. He and Keir have parted on good terms, with mutual respect.
“He wishes Keir and the new chief whip ever success.”
Wes Streeting has been given a new brief on child poverty, while Lucy Powell will become shadow housing secretary.
Announcing his reshuffle, Labour leader Sir Keir Starmer said his party needed to “embrace the demand for change across our country.
“That will require bold ideas and a relentless focus on the priorities of the British people.”
He described his new shadow cabinet as a “refreshed and renewed team” who would “build the ambitious programme that will deliver the next Labour government.”
However, there were some faces who remained. Jonathan Ashworth stays on as shadow health secretary and Lisa Nandy remains shadow foreign secretary.
Other notable appointments:
• Nick Thomas-Symonds – Shadow home secretary
• David Lammy – Shadow justice secretary
• John Healey – Shadow defence secretary
• Ed Miliband – Shadow business, energy and industrial strategy secretary
• Jonathan Reynolds – Shadow work and pensions secretary
• Emily Thornberry – Shadow international trade secretary
• Kate Green – Shadow education secretary
• Jo Stevens – Shadow secretary of state for digital, culture, media and sport
• Luke Pollard – Shadow secretary of state for environment, food and rural affairs
Has Angela Rayner been promoted or is her new role a sideways move?
Analysis by Tom Rayner, digital politics editor
24 hours ago the reports were that Angela Rayner was to be punished for the largely poor election results Labour has just experienced – having the roles of party chair and campaign coordinator stripped from her.
It was billed as a sacking, leading to furious briefing about her being ‘scapegoated’ and questions being raised about whether Sir Keir Starmer was making a huge mistake by seeking to undermine Labour’s elected deputy leader, whose working class roots and background as a care-worker and union official make her a powerful and popular figure in the party.
Earlier today the shadow sSotland secretary Ian Murray told Sky News Angela Rayner was not in fact being sacked, but instead being offered a promotion “from the back office of the Labour Party, running elections, to the front office where she’s talking to the country”.
Her new role as shadow chancellor to the duchy of Lancaster means she will be going toe-to-toe with Michael Gove – responsible for scrutiny of his work at the cabinet office.
Is this a more public position? Is it more high-profile? There are valid arguments either way.
What is more important than whether this is a promotion or a sideways move is that Angela Rayner remains in Sir Keir Starmer’s shadow cabinet.
The furious responses to the idea she might be sacked, not just from figures on the Corbynite left like John McDonnell and Diane Abbott, but from people like Andy Burnham – the re-elected mayor of Greater Manchester who is riding high after another landslide victory – meant Sir Keir needed her to stay in his top team to avoid the already toxic tensions in his party boiling over completely.
That this reshuffle took as long as it did, announced hours after the party had intended, suggests Angela Rayner negotiated hard to get what she wanted.
We can take from that she sees her new role as a promotion, whatever anyone else thinks.