Berliner Boersenzeitung - Starmer shakes up top team after deputy Rayner quits

EUR -
AED 4.304134
AFN 77.5426
ALL 96.311763
AMD 446.285808
ANG 2.098333
AOA 1074.714102
ARS 1700.372592
AUD 1.773364
AWG 2.112511
AZN 1.994302
BAM 1.952675
BBD 2.354532
BDT 142.861379
BGN 1.95535
BHD 0.44187
BIF 3455.936764
BMD 1.171989
BND 1.510724
BOB 8.078073
BRL 6.460825
BSD 1.168979
BTN 105.728802
BWP 15.439633
BYN 3.451929
BYR 22970.993485
BZD 2.351137
CAD 1.615593
CDF 2654.556098
CHF 0.931845
CLF 0.027426
CLP 1075.909592
CNY 8.254615
CNH 8.244196
COP 4530.325271
CRC 582.443067
CUC 1.171989
CUP 31.057721
CVE 110.088825
CZK 24.408497
DJF 208.167987
DKK 7.471896
DOP 73.579112
DZD 152.095548
EGP 55.765839
ERN 17.579842
ETB 181.73569
FJD 2.677117
FKP 0.875326
GBP 0.87574
GEL 3.158543
GGP 0.875326
GHS 13.467448
GIP 0.875326
GMD 86.1666
GNF 10220.208565
GTQ 8.953671
GYD 244.588585
HKD 9.11979
HNL 30.799529
HRK 7.513738
HTG 153.119084
HUF 388.796944
IDR 19594.198843
ILS 3.767061
IMP 0.875326
INR 105.786992
IQD 1531.390514
IRR 49352.476757
ISK 147.998963
JEP 0.875326
JMD 187.052679
JOD 0.830947
JPY 182.576022
KES 151.128352
KGS 102.490844
KHR 4682.327081
KMF 491.063539
KPW 1054.783484
KRW 1729.997183
KWD 0.359907
KYD 0.974208
KZT 601.287237
LAK 25321.505706
LBP 104684.753332
LKR 362.046715
LRD 206.918867
LSL 19.578417
LTL 3.46058
LVL 0.708925
LYD 6.338586
MAD 10.712357
MDL 19.726674
MGA 5281.322977
MKD 61.550508
MMK 2461.244731
MNT 4157.753151
MOP 9.366851
MRU 46.479636
MUR 53.958851
MVR 18.107156
MWK 2027.069598
MXN 21.100721
MYR 4.788742
MZN 74.875061
NAD 19.5785
NGN 1704.823
NIO 43.019321
NOK 11.968099
NPR 169.159798
NZD 2.032107
OMR 0.450629
PAB 1.169029
PEN 3.938181
PGK 4.970833
PHP 68.715499
PKR 327.555039
PLN 4.205403
PYG 7852.099284
QAR 4.26178
RON 5.09116
RSD 117.372452
RUB 93.853059
RWF 1702.103505
SAR 4.395767
SBD 9.528527
SCR 15.935905
SDG 704.951464
SEK 10.900967
SGD 1.51291
SHP 0.879296
SLE 28.249704
SLL 24576.03735
SOS 666.9043
SRD 45.33018
STD 24257.815658
STN 24.459813
SVC 10.229237
SYP 12960.287681
SZL 19.573841
THB 36.853796
TJS 10.790332
TMT 4.101963
TND 3.41184
TOP 2.82187
TRY 50.084616
TTD 7.930039
TWD 36.963723
TZS 2905.304429
UAH 49.618479
UGX 4167.331014
USD 1.171989
UYU 45.547111
UZS 14151.809462
VES 323.740056
VND 30852.622627
VUV 142.247765
WST 3.263656
XAF 654.881054
XAG 0.017698
XAU 0.000271
XCD 3.16736
XCG 2.106848
XDR 0.814462
XOF 654.881054
XPF 119.331742
YER 279.344395
ZAR 19.652742
ZMK 10549.313409
ZMW 26.79897
ZWL 377.380129
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    -1.7900

    80.22

    -2.23%

  • BCC

    0.4500

    76.29

    +0.59%

  • CMSD

    -0.1000

    23.28

    -0.43%

  • RELX

    -0.2600

    40.56

    -0.64%

  • CMSC

    -0.0800

    23.26

    -0.34%

  • RYCEF

    0.2200

    14.86

    +1.48%

  • BCE

    -0.1800

    23.15

    -0.78%

  • RIO

    1.2000

    77.19

    +1.55%

  • VOD

    0.1100

    12.81

    +0.86%

  • NGG

    1.3900

    77.16

    +1.8%

  • JRI

    -0.0800

    13.43

    -0.6%

  • BTI

    -0.1200

    57.17

    -0.21%

  • GSK

    -0.0700

    48.71

    -0.14%

  • BP

    0.7100

    34.47

    +2.06%

  • AZN

    -1.4900

    89.86

    -1.66%

Starmer shakes up top team after deputy Rayner quits
Starmer shakes up top team after deputy Rayner quits / Photo: Oli SCARFF - AFP

Starmer shakes up top team after deputy Rayner quits

UK Prime Minister Keir Starmer overhauled his ministerial team Friday in a bid to reset his embattled government after deputy premier Angela Rayner resigned for underpaying a property tax.

Text size:

Rayner, a figurehead among Labour's left-wing base, quit after an investigation found that she had breached the ministerial code over the purchase of a flat in southern England.

Her departure prompted Starmer to carry out the first major cabinet reshuffle of his stuttering 14-month-old premiership, during which the hard-right Reform UK party has overtaken Labour in popularity.

Starmer replaced Rayner with Foreign Secretary David Lammy, whose post as Britain's top diplomat will be taken by interior minister Yvette Cooper, the BBC reported.

Justice Secretary Shabana Mahmood will succeed Cooper at the Home Office, while Lammy will also take on the justice brief, the broadcaster added.

The shake-up comes after Rayner's resignation dealt the latest blow to Starmer's flagging government that has lurched from one storm to another since he became prime minister in July last year.

It has been forced to U-turn on welfare reforms and fuel benefits for the elderly, while its failure to stop undocumented migrants arriving on small boats has bolstered support for Reform, led by anti-immigrant firebrand Nigel Farage.

Rayner this week admitted not paying enough tax on a seaside flat she bought and referred herself to the government's independent ethics adviser.

In a letter to Starmer, ethics chief Laurie Magnus wrote that Rayner had failed to "heed the caution" of legal advice she had received so he considered the "code to have been breached".

"I accept that I did not meet the highest standards," Rayner wrote in her resignation letter, adding she would also be stepping down as housing minister and deputy leader of the Labour Party.

"I deeply regret my decision to not seek additional specialist tax advice," Rayner said, adding she took "full responsiblity for this error".

In his reply, Starmer told her he was "very sad" to lose her from government, but added: "You will remain a major figure in our party".

Rayner disclosed on Wednesday that she had underpaid stamp duty, a property tax, on the apartment following days of reports suggesting that she had saved £40,000 ($53,000) by removing her name from the deeds of another property.

- 'Complexity' -

The 45-year-old has three sons, one of whom was born prematurely and is registered blind with lifelong special needs.

She said that after her 2023 divorce she sold her part of the family home to a trust fund set up for her son in order to secure the specially-adapted house for her child's future. She then used the money to help buy the £800,000-flat in Hove.

Rayner paid less tax because she claimed the flat was her main home rather than a second home. She later conceded this was wrong since her son is under 18 and therefore she was deemed to still have an interest in the former family home.

The ethics chief said the rules "entailed a considerable degree of complexity" and recognised that Rayner had twice been advised that the lower rate of stamp duty was applicable.

That advice, however, was qualified by the admission that it did not constitute expert tax advice. Rayner's failure to seek further guidance meant she "cannot be considered to have met the highest possible standards of proper conduct", said Magnus.

Rayner had been tipped as a potential future Labour leader and has been a top target for political attacks by the opposition Conservatives and right-wing media.

She left school with no qualifications after becoming pregnant aged 16, and has a straight-talking style that has proved popular with working-class voters.

She grew up in Stockport on the outskirts of Manchester in northwest England, living in one of the area's most deprived social housing complexes.

Labour trail Reform in the polls, although the next general election is not expected until 2029.

(O.Joost--BBZ)