Reeves promoted to shadow Treasury Sec in Labour reshuffle

clock •

Rachel Reeves has been promoted to shadow chief secretary for the Treasury in the Labour cabinet reshuffle, but her replacement in the pensions brief has not been announced.

Reeves, previously an economist at the Bank of England and a rising star in the Labour party, will now shadow Liberal Democrat Danny Alexander. Liam Byrne will remain as secretary of state for work and pensions - Iain Duncan Smith's opposing number. Liz Kendall has been appointed as Labour spokeswoman for care and older people but there has been no direct shadow announced for pensions minister Steve Webb. The reshuffle follows the resignation of Labour health spokesman John Healey and Labour business spokesman John Denham from the shadow cabinet.

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

PA Awards 2027: Last chance - entries close at midnight tonight

PA Awards 2027: Last chance - entries close at midnight tonight

The 22nd Professional Adviser Awards will take place in London next March

Professional Adviser
clock 18 September 2026 • 1 min read
Multi-Asset and MPS Roadshow: Last chance to join PA in Harrogate or Warrington

Multi-Asset and MPS Roadshow: Last chance to join PA in Harrogate or Warrington

Hear from Aberdeen, Aviva Investors, Clever, Downing, Fidelity, Quilter Cheviot, Rathbones

Professional Adviser
clock 08 September 2026 • 1 min read
Two including former police officer charged in connection with £720,000 investment fraud

Two including former police officer charged in connection with £720,000 investment fraud

Due to appear at Westminster Magistrates’ Court

Sophia Panayi
clock 04 June 2026 • 1 min read