The Mail on Sunday reports this morning that:
My initial reaction to this story is that Brown would be unwilling to move Mandelson from his economic portfolio. He has proven an effective performer on what is bound to be the biggest issue of the campaign. But Brown might be thinking—as 50p suggests—of going down a far more populist route during the campaign in an attempt to turn Cameron and Osborne’s backgrounds against them, something Brown is obsessed with. In that case, he would need to move someone who is more of an attack dog into that role. Anyway, expect the reshuffle rumours to start coming thick and fast over the next few weeks.“One eye-catching change being mooted is the appointment of Peter Mandelson as Foreign Secretary – a job he has always coveted – in place of David Miliband, who is said not to be enjoying the brief. Mr Miliband could then be moved to the Home Office in place of Ms Smith.”

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