By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > Seat of power braces for change with Treasury makeover of chancellor’s loo
News

Seat of power braces for change with Treasury makeover of chancellor’s loo

News Room
Last updated: 2024/06/28 at 11:45 PM
By News Room
Share
4 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

The effort that goes into Britain’s swift and seamless transfer of power is visible in an Edwardian toilet in Whitehall, where the Treasury is preparing for the first female chancellor of the exchequer.

With Labour’s Rachel Reeves widely expected to succeed Jeremy Hunt next week, the Treasury facilities department has been discussing the chancellor’s private toilet, with a team of workers in high-vis jackets inspecting the facility.

“There has been a discussion about whether it’s appropriate to have a urinal in there and whether it should be removed,” said one Treasury insider.

Pictures seen by the Financial Times show a black-and-white tiled room with 13 boxes of period products placed neatly above the sink, which another Treasury insider said were only introduced during the course of the election campaign.

One Tory official claimed Labour was “taking the voters for granted”, adding: “Not only are they measuring the curtains but they are doing up the bathroom.”

However, the toilet planning is the work of the Treasury, not Labour. The Treasury declined to comment.

A spokesperson for Reeves said: “We are not doing a running commentary on toilet arrangements.”

Beyond the chancellor’s private bathroom, the expected transfer of power to Sir Keir Starmer’s party would be momentous in many ways.

The FT’s poll tracker gives Labour a 21-point lead over the Conservatives, suggesting it is on track for its first election victory since 2005. It would be the first time Labour have ousted the Tories since Tony Blair’s 1997 victory.

Even Rishi Sunak’s entourage have now started talking about the prime minister’s time in Number 10 in the past tense. “I think people will look kindly on his legacy,” said one close aide.

If Labour win on July 4, then Sunak and Hunt will move out of their homes at 10 and 11 Downing Street, respectively, the following day, in a transition which is both abrupt and astonishing to many foreign observers.

Moving vans outside 10 Downing Street
The moving vans could arrive in Downing Street as soon as the result is clear © Tayfun Salci/ZUMA/Alamy

Jitters were building up among Conservative candidates in some of the party’s safest seats on Friday. One former minister claimed Liz Truss, a former Tory prime minister, is among those in trouble, in spite of her notional majority of 24,180. Truss declined to comment.

At the same time Labour’s policy teams have been carrying out a fresh round of access talks with senior civil servants to discuss policy implementation: “It’s hugely exciting,” said one aide.

But several candidates have told the FT that the Tory argument of “don’t give Labour a supermajority” has started filtering on to the doorsteps, giving some voters second thoughts. “Change will only happen if people vote Labour on July 4,” one senior Labour party figure said.

Ellesheva Kissin is a reporter at Banking Risk and Regulation, a service from FT Specialist

Read the full article here

News Room June 28, 2024 June 28, 2024
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
LIVE: Fed Chair Jerome Powell delivers remarks at Harvard University

Watch full video on YouTube

Why Wall Street Is Investing In Trading Cards

Watch full video on YouTube

Fidelity International Small Cap Fund Q1 2026 Commentary (FISMX)

Fidelity’s mission is to strengthen the financial well-being of our customers and…

Powell is an expert at making mistakes, but “doesn’t allow” himself the luxury of regrets.

Watch full video on YouTube

How Footwear Companies Are Changing

Watch full video on YouTube

- Advertisement -
Ad imageAd image

You Might Also Like

News

Fidelity International Small Cap Fund Q1 2026 Commentary (FISMX)

By News Room
News

Equinor ASA (EQNR) Shareholder/Analyst Call Prepared Remarks Transcript

By News Room
News

Credit Saison Co., Ltd. 2026 Q4 – Results – Earnings Call Presentation (OTCMKTS:CSASF) 2026-05-16

By News Room
News

ABN AMRO Stock: Cost Cuts And Capital Returns Support A Buy Rating (OTCMKTS:AAVMY)

By News Room
News

ConocoPhillips: More Upside Given Long-Term Cash Flow Tailwinds (NYSE:COP)

By News Room
News

MaxCyte, Inc. (MXCT) Q1 2026 Earnings Call Transcript

By News Room
News

Draganfly Inc. (DPRO) Q1 2026 Earnings Call Transcript

By News Room
News

Fidelity Blue Chip Growth Fund Q1 2026 Commentary (FBGRX)

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?