Who will be in the Burnham cabinet?Rachel Reeves

Exclusive: John Healey is poised to revive Britain’s bid to join an international banking scheme in order to boost defence spending, after his predecessor Rachel Reeves refused to back it. • The new Chancellor quit as defence secretary last month over the failure of Reeves and the Treasury to find enough money to pay for rearmament - a move widely thought to have been the final straw that forced Sir Keir Starmer’s resignation. • But The i Paper has learned that discussion about joining the Defence, Security and Resilience Bank (DSRB) – a Canadian-led scheme that helps member states finance defence projects at lower cost – took place within Andy Burnham’s transition team before he took office. • Now Healey, who was Burnham’s surprise pick for Chancellor, • is expected to pick up the baton after it emerged that he had privately pushed for the UK join the DSRB when he was defence secretary. • A source familiar with the discussions said they expected the new Government to “move on it”. • In his resignation letter Healey pointed to “credible ways” of raising extra money, including working multinationally – a reference widely read as pointing to the DSRB. Treasury officials at the time countered that Healey had never formally submitted a funding request for UK membership. • The Chancellor is understood to have viewed the bank as a way to help close the defence funding gap while also benefiting British defence firms. • •

Live: Andy Burnham's Cabinet - Who's in and who's out as Angela Rayner returns and Rachel Reeves loses job

Update on who has left cabinet so far: Rachel Reeves - who we're told was offered another big job but turned it down - David Lammy, Richard Hermer, Peter Kyle, Steve Reed, Liz Kendall, Darren Jones. All expected really...

Update on who has left cabinet so far: Rachel Reeves - who we're told was offered another big job but turned it down - David Lammy, Richard Hermer, Peter Kyle, Steve Reed and Liz Kendall. All expected really...

I understand Rachel Reeves was offered another big job in cabinet, but turned it down and will return to the back benches

I understand Rachel Reeves was offered another big job in cabinet, but turned it down and will return to the back benches

So far three cabinet exits have been confirmed. They are: Chancellor Rachel Reeves, Deputy PM/Justice Secretary David Lammy, and Communities Secretary Steve Reed

Rachel Reeves and David Lammy leaving cabinet as new UK PM Andy Burnham to start making key appointments

Live: There had been speculation that Burnham might find another cabinet job for Rachel Reeves, the departing chancellor of the Exchequer, and for David Lammy who was deputy prime minister and justice secretary. Instead both are leaving the cabinet, suggesting that a significant clear out is underway, and that the new prime minister’s top team will look very different.

BREAKING • • Rachel Reeves has decided to leave government • • She was offered a significant job but declined • • She leaves for the backbenches after less than two years in the job

Rachel Reeves Sacked As Andy Burnham Axes Keir Starmer Loyalists In Brutal reshuffle • •

Despite speculation she would take a more junior role in government, Rachel Reeves appears to be heading for the back benches

No job for Rachel Reeves or David Lammy or Steve Reed. Though Reeves’s spokes says she was offered a “big” job, which she declined. All pretty brutal however

No job for Rachel Reeves or David Lammy or Steve Reed. Though Reeves’s spokes says she was offered a “big” job, which she declined. All pretty brutal however

Live: Chancellor Rachel Reeves leaves government

Rachel Reeves, Steve Reed, David Lammy all out. This new regime not hanging around.

Rachel Reeves sacked as Chancellor and sounds like she won’t be serving in the cabinet at all.

*RACHEL REEVES RESIGNS AS UK CHANCELLOR OF THE EXCHEQUER