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Don't hold the front page: Osborne out of Treasury

So we will have the new occupants of the big cabinet posts in T May's government announced tomorrow, I am told.

And that is partly because the fastidious May will not want her own job of Home Secretary to be vacant even for a few hours.

And if she is filling Home, it makes sense for her to do Chancellor, Foreign and the all-new Brexit post at the same time.

I also expect the total reshuffle - which will go on for two or three days - to be substantial. May has been training and preparing to be PM for too long not to want to make a government in her own image.

David Cameron leaves his final cabinet meeting at 10 Downing Street Credit: PA

And since in the first flush of office she will be more powerful than she will probably ever be again, this is her best chance of creating the team able to deliver her agenda.

So who is up, who down and who out?

It is hard to see May offering Osborne any job at all in her new cabinet Credit: PA

Well George Osborne was in effect told yesterday, in May's Birmingham speech, that he is out of the Treasury. This was his dismissal notice:

"For a government that has overseen a lot of public service reforms in the last six years, it is striking that, by comparison, there has not been nearly as much deep economic reform".

And then she denigrated the Chancellor's cherished Northern Powerhouse in no uncertain terms - in that she called for a "plan to help not one or even two of our great regional cities but every single one of them".

Ouch.

After that lampooning, it is pretty hard to see May offering Osborne any job at all.

By contrast there is quite a lot of talk that Gove could stay on at Justice to complete his ambitious prison-reform programme.

But all change more-or-less everywhere else.

Who is on the up?

Well, as I mentioned earlier, I expect big jobs to go to Philip Hammond, Justine Greening, Chris Grayling and Amber Rudd.

As one of May's supporters said to me, the Cameron/Osborne "chumocracy" will be buried.

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