The race to replace Rachel Reeves as Chancellor looks to have been blown open by reports that Ed Miliband has been taken out of contention.

The Energy Secretary's chances are said to be receding as Andy Burnham finalises his cabinet

The race to replace Rachel Reeves as Chancellor looks to have been blown open by reports that Ed Miliband has been taken out of contention.

Allies of the incoming PM say he has yet to make up his mind about who would control the nation's finances.

It follows a campaign by opponents of Ed Miliband to stop him being appointed as chancellor

A bitter briefing war has erupted at Westminster following reports that Mr Miliband's dream of taking charge at the Treasury is set to be shattered.

Ed Miliband is angry. Reports that the former Labour leader has been ditched as Andy Burnham's chancellor have apparently turned Red Ed a peculiar shade of puce.

Speculation is mounting that Shabana Mahmood will get the nod for the key role of Chancellor - with Ed Miliband having to settle for becoming Foreign Secretary .