I think this menu should have both relabel and rename options
Because if we use the dropdown (which I only just noticed last week!) we are not renaming it, we are changing this reporter to another one which is what relabel does
The relabel option should ideally be a read-only menu of current scope variables
And the existing rename option should lose the dropdown
I realise I may not have thought through all the implications but I think something needs changing to make things clearer