New leader names Rachel Reeves as Britain’s first female chancellor of the exchequer
Keir Starmer and his wife Victoria greet supporters as he enters 10 Downing Street following Labour's landslide election victory. Photograph: Christopher Furlong/Getty ImagesAfter securing a majority of more than 170 seats on a night of high political drama, Mr Starmer told flag-waving supporters outside Number 10 that he wanted to rebuild trust between the public and politicians.
Ms Reeves will be part of an inner “quad” of senior ministers, led by Mr Starmer and also featuring Angela Rayner, deputy prime minister, and Pat McFadden, chancellor of the Duchy of Lancaster. The election result marked a historic Labour victory – the party last won in 2005 under Mr Blair – but Mr Starmer will become Britain’s new prime minister knowing that Labour’s public support is shallow.Mr Starmer’s avowedly pro-business agenda appears to have paid off, however, with housebuilding companies leading a UK stock market rally on Friday. Labour has pledged to build 1.5 million homes over the next five years.
“To the country, I would like to say first and foremost, I am sorry,” he said. “I have given this job my all, but you have sent a clear signal that the government of the United Kingdom must change.”Turnout in the election was on course to be about 60 per cent, close to a record low, suggesting general public dissatisfaction with mainstream politics.
The Scottish National party was behind Labour in Scotland with an expected 10 seats, delivering a hammer blow to the party’s dream of securing independence.
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