The moves come as part of a wider shuffle following Labour's disastrous showing in the local elections last week.
Shadow Chancellor Anneliese Dodds has been ditched by Labour leader Sir Kier Starmer and replaced in the role by Rachel Reeves (pictured left).
The move comes as part of a wider reshuffle following Labour's disastrous showing in the local elections last week.
Reeves, a former Bank of England economist, tweeted:
Honoured to accept the role of Shadow Chancellor.
Our economic recovery must be fair. We must transform lives & back businesses in every part of our country.
Together we can create the secure jobs & strong infrastructure we need.
Everyone deserves a stake in Britain's future.
— Rachel Reeves (@RachelReevesMP) May 9, 2021
Meanwhile, Shadow Minister for Housing Thangam Debbonaire moves on from the role after 13 months to become Shadow Leader of the House of Commons.
She is replaced by Lucy Powell (pictured right), MP for Manchester Central. Powell was quick to point to the ongoing issues around cladding as one area which she wanted to push the government on.
Really pleased to become the Shadow Housing Secretary - some really big issues to tackle from cladding, housing crisis, private rented sector, homelessness and providing decent housing for all, to name a few.
— Lucy Powell MP (@LucyMPowell) May 9, 2021