Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleRachel Reeves has publicly endorsed Andy Burnham to become the UK's next prime minister. Her backing comes amidst speculation that she could be replaced as chancellor if Burnham takes office. Reeves declined to comment on reports she might accept another role, stating she would not pre-empt decisions made by a new prime minister. She affirmed her commitment to Sir Keir Starmer, having served by his side for six years as shadow chancellor and chancellor of the exchequer. Reeves also stated that any future prime minister and chancellor would inherit a stronger economy than the one she took over two years ago. In fullBurnham latest: Reeves backs Makerfield MP to become prime minister - but looks set to be sacked as chancellorThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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One of the biggest concerns for the financial markets will be who will take up the role of chancellor under a new Cabinet.

Rachel reeves expected to be axed as Chancellor if Burnham becomes PM

There was a muted reaction to Keir Starmer's departure from the financial markets - but investors will be waiting not just to hear Andy Burnham's plans for economic policy, but…

Three names dominate discussions about who would be Burnham’s chancellor if he becomes prime minister – but there could still be a surprise candidate

Behind-the-scenes lobbying has been ramping up with a focus on who would be the presumptive PM's Chancellor.

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A former Treasury chief appeared to warn Andy Burnham against making Ed Miliband his chancellor.

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LONDON, June 25 — British finance minister Rachel Reeves said today she was backing Andy Burnham to be the next prime minister, brushing off reports she could lose her role and...

Speculation mounts as to who will make Mr Burnham’s top team as it appears likely he will enter No 10 next month

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestyleRachel Reeves has publicly endorsed Andy…

Ms Reeves said she believed the former Greater Manchester Mayor will be 'great' in No10 as he closes in on taking power from Keir Starmer.

Allies of Reeves lobby to keep her as chancellor as the ‘stable’ choice while Wes Streeting and Ed Miliband also in the picture

Reeves refused to say whether she would accept a more junior job in cabinet if Burnham offered her one

Rachel Reeves said: "“I backed Andy in 2015 as leader of our party, and I've known him for more than a decade and a half."

Reeves’ bid to remain chancellor comes after reports that Andy Burnham, who’s likely to become prime minister, would demote her.

Rachel Reeves claimed the ex-Greater Manchester Mayor would make a 'great Prime Minister' as she became the latest senior Labour figure to back his bid for No10

The chancellor has backed Bunrham to succeed Starmer – but faces losing her role in the Treasury in the coming weeks