Rachel Reeves is making a concerted effort to remain as Chancellor of the Exchequer even if Labour leader Keir Starmer is replaced. With speculation that Andy Burnham may appoint Ed Miliband as chancellor if he becomes prime minister, Reeves' supporters argue that her fiscal credibility is essential for maintaining the country's financial stability.

• 01Reeves' allies argue she is the only candidate who can maintain credibility with bond markets, crucial for government borrowing costs.
• 02Recent economic indicators, including a forecasted 1% growth and a drop in inflation to 2.8%, have bolstered Reeves' position.
• 03Reeves announced a surprise VAT cut on family attractions as part of her cost-of-living plan, dubbed 'Project Mint'.
• 04Some Labour MPs are frustrated with Reeves for her perceived role in previous government mistakes, including cuts to winter fuel payments.
• 05The competition for the chancellor position is heating up, with both Reeves and Miliband seen as potential candidates under a new leadership.

Reeves' potential continuation as Chancellor could stabilize the UK's financial outlook, affecting borrowing costs and economic policy.