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Who could replace Rachel Reeves? The runners and riders

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The Government is facing increasing borrowing costs and fresh worries about inflation, leading one Labour MP to express the view that the Chancellor should be dismissed.

Sir Keir Starmer has asserted that Ms Reeves will remain in her post until the next election, though he initially made that pledge only once at a press conference on Monday - not the two times BBC journalists expected.

a career civil servant, the newly appointed head of the No 10 policy unit.

The Telegraph examines those who could step in as Chancellor if she is ultimately removed from the position.

Mr's name has been mentioned as a possible replacement for Ms Reeves.

The Chancellor of the Duchy of Lancaster has had ministerial experience from his time serving in Gordon Brown's administration, attending Cabinet Minister for Business.

He also served as political secretary to Sir Tony Blair during his second term in office.

Sir Keir appointed Mr McFadden as shadow chief secretary to the Treasury in 2021, and he later took on the position of shadow chancellor of the Duchy of Lancaster in 2023.

It would be seen as a candidate for the position of chancellor, but his absence of experience as a minister could be a disadvantage.

Elected in 2017, Mr Jones took on the post of shadow chief secretary to the Treasury in September of 2023, before moving into the Government in a similar capacity in July.

Prior to entering the world of politics, Mr Jones was a solicitor who had a specialism in law relating to technology, later working in BT's in-house legal department.

has been touted as a possible replacement for Miss Reeves.

Within the Ministerial portfolio, he has had considerable interaction with the private sector and has served as the advocate for businesses in the formulation of the Employment Rights' Act.

He held several shadow ministerial positions, including four years as the shadow economic secretary to the Treasury under Jeremy Corbyn. He then went on to become the shadow work and pensions secretary.

However, he also lacks experience in government and does not have an economics background, having been trained as a solicitor before entering local politics.

has demonstrated himself to be a trusted member of Sir Keir's ministerial team, and holds one of the briefs that is crucial to Labour succeeding in Government.

He spent three years on the Treasury select committee in the Commons, with a brief period as a shadow minister in the department in 2020.

Mr Streeting is frequently predicted to become the future leader of the Labour Party and is a well-known member of the Cabinet, often appearing in the media.

Prior to his entry into politics, Mr Streeting was employed in higher education and later transitioned to become a public sector consultant.

The Home Secretary has previous ministerial experience within the Treasury, having served under Alistair Darling.

She was appointed as the Chief Secretary to the Treasury following roles as a junior minister in various departments between 1999 and 2008.

The Member of Parliament for Swansea West may have only been a backbencher since being elected in July, but his experience outside of Parliament gives him an extensive wealth of experience relevant to the role.

He was the head of the Resolution Foundation, an economic think tank, for nine years before entering politics.

Given that he has only been an MP for about six months, it is improbable that he would be appointed to such a significant position at this stage.

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