If Rachel Reeves Is Sacked as Chancellor, What Could Happen to Your Money?

Rachel Reeves remains Chancellor for now, despite Sir Keir Starmer announcing his resignation on June 22. Andy Burnham is widely expected to succeed him, and reports indicate that Reeves is unlikely to retain control of the Treasury under the next administration.

Her departure would not automatically change taxes, mortgages or household bills. The financial consequences would depend on her replacement, the credibility of the new government’s spending plans and how investors respond to its first major economic decisions.