exchequer

This is about as big a reshuffle as you could imagine, short of replacing the chancellor of the exchequer.

The government will then outline likely measures to the forecasters who will assess how much they are forecast to raise or to cost the exchequer.

He will be replaced at the Treasury by James Murray, previously the exchequer secretary at the department, whose role will in turn be filled by Dan Tomlinson, an economist who was first elected as a Labour MP at last year's general election.

Dame Annette Brooke never fulfilled a childhood ambition to be the first female Chancellor of the Exchequer, but as a campaigning Liberal Democrat she made a distinctive contribution to local and national public life.

Chancellor of the exchequer Rachel Reeves's autumn budget in October is expected to bring tax rises.