Yvette Cooper is elevated to shadow home secretary while Lisa Nandy will move from shadow foreign secretary to the levelling up brief as Labour leader Sir Keir Starmer reshuffles his cabinet.
Ms Cooper, who held the home affairs brief previously from 2011 to 2015 under former Labour leader Ed Miliband, will depart her current role as chair of the influential Commons home affairs select committee in returning to the shadow cabinet.
Ms Nandy will now shadow Levelling Up Secretary Michael Gove, while David Lammy has been promoted into her former shadow foreign secretary role from the justice brief.
Image: Lisa Nandy is moving from shadow foreign secretary to shadow levelling up secretary against Michael Gove, Sky News understands
Others who have been boosted to more prominent positions in Sir Keir’s top team include Wes Streeting who moves to shadow health secretary and Bridget Phillipson who will transfer from shadow chief secretary to the Treasury to shadow education secretary.
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Meanwhile, Jonathan Ashworth, who has had the health brief through the pandemic, moves to shadow work and pensions secretary and said he was “excited” for the new role.
Former holder of the education brief Kate Green has been removed from the shadow cabinet alongside the previous shadow Wales secretary Nia Griffith and former environment secretary Luke Pollard.
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Earlier on Monday, former shadow minister for young people and democracy Cat Smith and former shadow attorney general Lord Falconer said announced that they were also stepping down from Labour’s frontbench.
Sir Keir’s top team now includes:
• Angela Rayner as deputy leader, shadow first secretary of state, shadow chancellor of the duchy of Lancaster and shadow secretary of state for the future of work
• Rachel Reeves as shadow chancellor
• David Lammy as shadow foreign secretary
• Yvette Cooper as shadow home secretary
• Wes Streeting as shadow health secretary
• Lisa Nandy as shadow levelling up, housing, communities and local government secretary
• Jonathan Reynolds as shadow business secretary
• Ed Miliband as shadow climate change and net zero secretary
• John Healey as shadow defence secretary
• Lucy Powell as shadow digital, culture, media and sport secretary
• Bridget Phillipson as shadow education secretary
• Jim McMahon as shadow environment secretary
• Nick Thomas-Symonds as shadow international trade secretary
• Steve Reed as shadow justice secretary
• Louise Haigh as shadow transport secretary
• Jenny Chapman as shadow cabinet office minister
• Louise Haigh as shadow transport secretary
• Anneliese Dodds as women and equalities secretary and Labour Party chair
• Jonathan Ashworth as shadow work and pensions secretary
• Emily Thornberry as shadow attorney general
• Jo Stevens as shadow Wales secretary
• Ian Murray as shadow Scotland secretary
• Peter Kyle as shadow Northern Ireland secretary
• Thangam Debbonaire as shadow Commons leader
• Dr Rosena Allin-Khan as shadow mental health minister
• Preet Gill as shadow international development minister
• Pat McFadden as chief secretary to the Treasury
• Alan Campbell as shadow chief whip
• Angela Smith as shadow leader of the House of Lords
Image: Labour leader Sir Keir Starmer is carrying out a reshuffle for the first time in six months
In a statement, Sir Keir said: “With this reshuffle, we are a smaller, more focused shadow cabinet that mirrors the shape of the government we are shadowing.
“We must hold the Conservative government to account on behalf of the public and demonstrate that we are the right choice to form the next government.”
The Labour leader said he is “delighted” to have appointed Ms Nandy to the foreign affairs brief, adding that “there will be nobody better than Lisa to lead this work”.
Image: Ed Miliband will take on the climate brief
Meanwhile, Mr Miliband “will lead in the shadow cabinet to develop Labour’s extensive plans for net zero in a first term Labour government, and hold the government to account for its failure to take action”, Sir Keir said.
The reshuffle comes six months after Sir Keir‘s last refresh of his shadow cabinet, in the wake of a mixed night for Labour in May’s elections across the UK.
Posting on social media, Mr Lammy said he was “honoured” to be appointed shadow foreign secretary and praised his predecessor Ms Nandy for “holding the Tories’ feet to the fire”.
“Honoured to be appointed shadow secretary of state for foreign, commonwealth & development affairs. At a time when Britain is recasting itself on the world stage, I look forward to setting out Labour’s vision for a values-led foreign policy based on cooperation & internationalism,” Mr Lammy said.
Image: David Lammy has been promoted to the foreign affairs brief
Newly-appointed shadow health secretary Mr Streeting tweeted: “Delighted to have been appointed as shadow health and social care secretary.
“This year the NHS saved my life and staff across health and social care are getting us through the worst pandemic in living memory. Labour created the NHS. We’ll make it fit for the future.”
Earlier this year, Mr Streeting was diagnosed with kidney cancer and had a kidney removed.
Some have suggested the shake-up came about quite abruptly.
Speaking earlier on Monday morning at an event in Westminster amid swirling reshuffle rumours, Labour deputy leader Angela Rayner said: “I don’t know the details of the reshuffle or the timing of it, I’ve been here concentrating on my role now.
Image: Wes Streeting will take over as shadow health secretary
“But six months ago I said again we need some consistency in how we’re approaching things as an opposition. I want us to see us as a government in waiting, I want us to do that job.”
Sky’s political correspondent Kate McCann reported that Ms Rayner did get a call from Sir Keir on Monday morning to say she would keep her role, but was not given any detail or consulted about the reshuffle itself.
Posting on social media, Mr Lammy said he was “honoured” to be appointed shadow foreign secretary and praised his predecessor Ms Nandy for “holding the Tories’ feet to the fire”.
“Honoured to be appointed shadow secretary of state for foreign, commonwealth & development affairs. At a time when Britain is recasting itself on the world stage, I look forward to setting out Labour’s vision for a values-led foreign policy based on cooperation & internationalism,” Mr Lammy said.
Image: Cat Smith was the first person to depart the shadow cabinet on Monday
While announcing her departure from Sir Keir’s shadow cabinet, Ms Smith tweeted out a copy of a letter she had sent to the Labour leader, warning Sir Keir of the “damage” being done by Jeremy Corbyn remaining suspended from the Parliamentary Labour Party.
Chancellor Rachel Reeves has insisted that rebelling Labour MPs “know the welfare system needs reform” as the government faces a growing backlash over planned cuts.
Sir Keir Starmer is under pressure from Labour MPs, with about 40 in the Red Wall – the party’s traditional heartlands in the north of England – warning the prime minister’s welfare plan is “impossible to support” in its current form.
Dozens have thrown their support behind a letter urging the government to “delay” the proposals, which they blasted as “the biggest attack on the welfare state” since Tory austerity.
Ms Reeves on Friday reiterated her plans for reform, insisting that no-one, including Labour MPs and party members, “thinks that the current welfare system created by the Conservative Party is working today”.
She said: “They know that the system needs reform. We do need to reform how the welfare system works if we’re going to grow our economy.”
But, the chancellor added, if the government is going to lift people out of poverty “the focus has got to be on supporting people into work”.
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“Of course if you can’t work, the welfare state must always be there for you, and with this government it will be,” she said.
The reforms, announced ahead of Ms Reeves’s spring statement in March, include cuts to Personal Independence Payments (PIP), one of the main types of disability benefit, and a hike in the universal credit standard allowance.
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Ministers have faced pressure from their own backbenchers to rethink the policy in the wake of last week’s local election results, which saw Labour lose the Runcorn by-electionandcontrol of Doncaster Council to Reform UK.
Asked if the chancellor has discussed the winter fuel payment in private, the prime minister’s spokesperson said they would not give a running commentary.
Pushed again, Number 10 said a “range” of discussions take place in government – which is not a denial.
However, it is worth noting that when reports emerged earlier this week that Downing Street was reviewing the policy, the government strongly pushed back on that suggestion.
Taiwanese lawmaker Ko Ju-Chun has called on the government to consider adding Bitcoin to its national reserves, suggesting it could serve as a hedge against global economic uncertainty.
Ko, a legislator at-large in Taiwan’s legislative body, the Legislative Yuan, took to X on Friday to report that he had advocated Bitcoin (BTC) investment by the Taiwanese government at the National Conference on May 9.
In his remarks, Ko cited Bitcoin’s potential to become a hedge amid global economic risks and urged Taiwan to recognize the cryptocurrency alongside gold and foreign exchange reserves to boost its financial resilience.
Ko highlighted that Taiwan is an export-driven economy that has experienced significant fluctuations in its national currency, the New Taiwan dollar, amid global inflation and intensifying geopolitical risks.
“We currently have a gold reserve of 423 metric tons, and our foreign exchange reserves amount to $577 billion, including investments in US Treasury bonds,” the lawmaker stated.
In a scenario of more intense currency volatility or potential regional conflicts, Taiwan may “very likely be unable to ensure the security and liquidity,” Ko continued, adding that Bitcoin could be a great addition to Taiwan’s reserves for several reasons.
Ko Ju-Chun advocated for the adoption of Bitcoin by the Taiwanese government before the Legislative Yuan. Source: Ko Ju-Chun
“Bitcoin has been operating for over 15 years. It has a fixed total supply, is decentralized, and is resistant to censorship. Many countries are focusing on its hedging attributes. At the same time, in intense situations, it may not face the risk of embargo,” he said.
Instead, the legislator suggested adding a “small proportion of Bitcoin” into the diversified assets as tools for sovereign asset allocation and risk hedging, and backup capacity of Taiwan’s financial system.
“When exchange rate risk and regional uncertainty increase, it is time to introduce new tools to construct a more flexible financial strategy framework,” Ko said, adding:
“As former Dean Chen Chong said, Bitcoin is the gun of the digital era. It may also be the gold of the digital era, the silver of the digital era. Or it could be gunpowder. A wise nation will not let weapons be in others’ hands.”
German law enforcement seized 34 million euros ($38 million) in cryptocurrency from eXch, a cryptocurrency platform allegedly used to launder funds stolen after Bybit’s record-breaking $1.4 billion hack.
The seizure, announced on May 9 by Germany’s Federal Criminal Police Office (BKA) and Frankfurt’s main prosecutor’s office, involved multiple crypto assets, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Dash (DASH). The move marks the third-largest crypto confiscation in the BKA’s history.
The authorities also seized eXch’s German server infrastructure with over eight terabytes of data and shut down the platform, the announcement added.
eXch exchanged crypto without AML
In the statement, the BKA described eXch as a “swapping” service that allowed users to exchange various crypto assets without implementing Anti-Money Laundering (AML) measures.
The platform had operated since 2014 and reportedly facilitated about $1.9 billion in crypto transfers, some of which were believed to be of “criminal origin,” including assets laundered during the Bybit hack.
Example of flow of Bybit exploit funds moving through eXch and bridging back and forth between Ether and Bitcoin. Source: TRM Labs
“Among other things, a portion of the $1.5 billion stolen from the Bybit crypto exchange, which was hacked on Feb. 21, 2025, is said to have been exchanged via eXch,” the authorities wrote.
Multisig, FixedFloat among laundering cases
According to a post by crypto sleuth ZachXBT, eXch was also involved in laundering millions of funds from other crypto thefts and exploits, including Multisig, FixedFloat and the $243 million Genesis creditor theft.
Those were in addition to “countless phishing drainer services over the past few years with refusal to block addresses and freeze orders,” ZachXBT said.
Source: ZachXBT
ZachXBT was among the first security analysts to report on eXch’s links to laundering $35 million of crypto assets stolen from Bybit soon after the hack was confirmed.
“Lazarus Group transferred 5K ETH from the Bybit Hack to a new address and began laundering funds via eXch (a centralized mixer) and bridging funds to Bitcoin via Chainflip,” ZachXBT wrote in a Telegram post on Feb. 22.
“Even though we have been able to operate despite some failed attempts to shut down our infrastructure […], we don’t see any point in operating in a hostile environment where we are the target of SIGINT [Signals Intelligence] simply because some people misinterpret our goals,” it wrote.
Addressing the seizure, senior public prosecutor Benjamin Krause stressed the importance of action against “quick and anonymous opportunities for money laundering for any amount.”
“Crypto swapping is an essential component of the underground economy, used to conceal incriminated funds from illegal activities such as hacking or trading in stolen payment card data, thus making them available to perpetrators,” he said.