Rachel Reeves becomes UK’s first female chancellor; former Tory chair says party faces ‘oblivion’ – as it happened

Rachel Reeves becomes first woman to hold post in 800-years as Angela Rayner named secretary of state for levelling up

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Clive Myrie is opening the BBC's election night coverage. He is co-presenting with Laura Kuenssberg.

No 10 has also announced knightoods for four Tories in the dissolution honours - Oliver Dowden, the deputy PM; Julian Smith, the former chief whip and Northern Ireland secretary; Ben Wallace, the former defence secretary; and Alister Jack, the outgoing Scottish secretary - and one damehood, for Therese Coffey, the former deputy PM.