As expected, Rachel Reeves has been appointed Chancellor of the Exchequer in Sir Keir Starmer’s first cabinet, announced after last week's election.

Former Work and Pensions Secretary Amber Rudd and Nicky Morgan, who recently chaired the House of Commons Treasury Select Committee, are to stand down and not contest their seats in the upcoming General Election.

Work and Pensions Secretary Amber Rudd MP has quit her Cabinet role and her Conservative Party membership in protest at the expulsion of 21 MPs from the party.

Auto-enrolment has seen 10 million workers become pensions savers according to statistics out today.