Cabinet reshuffle: Jason Stockwood replaces Gustafsson as investment minister

Saturday 06 September 2025 4:09 pm
 |  Up to date: 

Saturday 06 September 2025 4:48 pm

Jason Stockwood has changed Poppy Gustafsson as funding minister within the newest growth in Starmer’s reshuffle.

The serial tech entrepreneur has changed Gustafsson, who beforehand served as CEO of Darktrace, efficient instantly.

Stockwood is a majority shareholder and former CEO of Grimsby City FC, in addition to the previous CEO of Merely Enterprise.

Gustafsson give up as funding minister after simply 11 months final week, citing difficult her skilled schedule clashing with the calls for of elevating a younger household.

Her departure is one in all many amid a significant reshuffle of Sir Keir Starmer’s prime group, following Angela Rayner’s dramatic resignation.

Lammy appointed deputy PM

Final week, it was introduced that David Lammy would function deputy prime minister, changing Rayner.

Yvette Cooper has been moved to the International Workplace to take Lammy’s previous temporary, whereas former former justice secretary Shabana Mahmood taking Cooper’s position as house secretary.

Closing out the job swap triangle, Lammy may even tackle Mahmood’s former position as justice secretary, sealing a whole job swap between the three.

Pat McFadden has moved from the Cupboard Workplace to take up Liz Kendall’s position on the Division of Work and Pensions.

Lucy Powell, chief of the Home of Commons, and Ian Murray, Scotland secretary, had been the massive departures, with every sacked from their cupboard positions.

The complete reshuffle seems to be as follows:

David Lammy: Deputy Prime Minister and Secretary of State for Justice.Yvette Cooper: Secretary of State for International, Commonwealth and Growth Affairs.Shabana Mahmood: Secretary of State for the House Division.Darren Jones: Chancellor of the Duchy of Lancaster and Chief Secretary to the Prime Minister.Pat McFadden: Secretary of State for Work and Pensions.Steve Reed: Secretary of State for Housing, Communities and Native Authorities.Peter Kyle: Secretary of State for Enterprise and Commerce and President of the Board of Commerce.Liz Kendal: Secretary of State for Science, Innovation and Expertise.Emma Reynolds: Secretary of State for Atmosphere, Meals and Rural Affairs.Douglas Alexander: Secretary of State for Scotland.Jonathan Reynolds: Parliamentary Secretary to the Treasury (Chief Whip).Sir Alan Campbell: Lord President of the Council and Chief of the Home of Commons.

Rachel Reeves’ position as Chancellor was understood to be locked in to keep away from disturbing markets.

Ministers react to reshuffle

Murray has stated he’s “vastly disillusioned to be leaving authorities” in a letter posted on social media.

He referred to as serving as Scottish Secretary the “honour of his life”.

Powell has additionally stated it was “an honour to service in first Labour authorities”.

There had been talks of reshuffle in junior ministerial roles going down this previous Monday, however was subsequently delayed after Rayner’s stamp responsibility scandal.

The Prime Minister’s requirements adviser concluded Rayner had breached ministerial code however praised her for “full and open cooperation in aiding me with my inquiries”.

The exit of Rayner marks the seventh departure in practically a 12 months for Labour following resignations from former Transport Secretary Louise Haigh’s and Metropolis minister Tulip Siddiq.

Additionally introduced on Friday, Poppy Gustafsson – the previous boss of tech darling Darktrace – give up her position because the funding minister.

The deputy chief query

The departure of Angela Rayner raises a giant query past authorities as Labour now finds itself with out a deputy chief.

The social gathering elects their chief and deputy by inside elections. In 2020, Rayner bested Rosena Allin-Khan and Richard Burgon to the management title with practically half of the vote.

The Deputy Prime Minister and chief roles are distinct titles with precedent for the posts to be crammed by totally different MPs.

In 2007 Harriet Harman was elected deputy chief, a job she continued in till 2015, however was by no means made Deputy Prime Minister.

Starmer’s appointment of a Deputy Prime Minister could be set to have important implications on a management for the deputy place.

The frenzy and hypothesis is certain to mark a headache for the Prime Minister who introduced “section two of his authorities” on Monday.