Andrew Griffith has replaced Sir Mel Stride as shadow chancellor as part of Conservative leader Kemi Badenoch’s reshuffle.

Claire Coutinho, previously the shadow energy secretary, will replace Griffith as shadow business secretary amid the ongoing shake-up.

Badenoch is carrying out a reshuffle of her shadow cabinet before the party’s conference in October.

Dame Priti Patel has also been replaced as shadow foreign secretary by Tom Tugendhat.

Badenoch paid tribute to Sir Mel’s work as shadow chancellor saying he help the party rebuild economic credibility and become an effective opposition.

A senior Conservative source said: “Kemi is changing the way the Conservative Party approaches economic policy and creating a new economic leadership team for the next phase, focused on growth, higher living standards and fiscal credibility.”

Sir Mel described his time in the senior Tory role as a “great honour”.

“I am now looking forward to continuing to make a real contribution to the Conservative team in Parliament and beyond, to build and amplify our vision for Britain, from the back benches.”