The UK’s first feminine chancellor spoke of her pleasure in being the primary lady within the position and stated: “Women and girls in every single place, I say let there be no ceiling in your ambition, your hopes and your desires. And together with the pleasure I really feel standing right here, there may be additionally a duty to move on a fairer society and a stronger technology to the subsequent technology of girls.”
However what do know concerning the serving chancellor?
Rachel Reeves has served because the Member of Parliament (MP) for Leeds West since 2010 and because the shadow chancellor since Could 2021.
She is now the chancellor since Labour gained the election.
Beneath is an in depth overview of her life and profession:
- Delivery: Ms Reeves was born on February 13, 1979, in Lewisham, London.
- Household background: She comes from a household emphasising public service; her father was a trainer and her mom labored as a social employee.
- Training: Ms Reeves attended Cator Park College for Women in Bromley. She instructed the Each day Telegraph in 2022 how she would work on faculty tasks in the course of the holidays as a result of she appreciated to “do effectively at issues” and get “high marks”. She later studied at New Faculty, Oxford, incomes a philosophy, politics, and economics (PPE) diploma. Subsequently, she accomplished a grasp’s diploma in economics from the London College of Economics.
Skilled profession earlier than politics
- Banking and economics: Earlier than coming into politics, Ms Reeves labored as an economist. She started her profession on the Financial institution of England and later labored as an economist on the British Embassy in Washington, DC. She additionally labored for Halifax Financial institution of Scotland (HBOS) and within the non-public sector for the administration consulting agency Financial institution of America Merrill Lynch.
- Entry into politics: Ms Reeves first contested for the Labour Celebration within the 2005 basic election within the constituency of Bromley and Chislehurst however was not elected.
- MP for Leeds West: Within the 2010 basic election, she was elected because the MP for Leeds West, succeeding John Battle.
- Shadow Chief Secretary to the Treasury: In 2011, she was appointed to this position, shadowing the Chief Secretary to the Treasury.
- Shadow Secretary of State for Work and Pensions: In 2013, she was promoted to this place, the place she targeted on welfare points and was recognized for her stance on reforming the welfare system.
- Chair of the Enterprise, Power and Industrial Technique Committee: From 2017 to 2020, she chaired this influential committee, overseeing enterprise and industrial coverage.
- Shadow Chancellor of the Duchy of Lancaster: Appointed in April 2020, she considerably scrutinised the Authorities’s response to the Covid-19 pandemic.
- Shadow Chancellor of the Exchequer: In Could 2021, Labour chief Sir Keir Starmer appointed her to this senior position, the place she grew to become chargeable for the social gathering’s financial insurance policies and strategy to public funds.
- Chancellor of the Exchequer: Appointed by PM Keir Starmer after successful the election in July 2024.
Political stance and achievements
- Financial coverage: Ms Reeves is understood for her pragmatic strategy to financial coverage, advocating fiscal duty whereas selling funding in public companies and infrastructure.
- Labour Celebration reforms: She has been instrumental in modernising the Labour Celebration’s financial stance, emphasising the necessity for a powerful and accountable fiscal coverage to realize public belief.
- Environmental and social points: Ms Reeves has been vocal concerning the significance of addressing local weather change and has supported varied social justice initiatives.
- Household: Ms Reeves is married to Nicholas Joicey, a civil servant who has labored in senior positions on the Treasury and the Division for Work and Pensions. The couple have two youngsters. Ms Reeves’ sister, Ellie Reeves, is the Labour MP for Lewisham West and Penge.
- Publications and media: On high of her political profession, Ms Reeves is an creator and has written books on financial and social historical past, together with a biography of Alice Bacon, the primary feminine MP for Leeds.
- Pursuits: She has a eager curiosity in historical past and is understood to be a fan of biking and working. Sky Information reported that Ms Reeves’s aggressive streak defines her love of chess, which her father taught her when she was seven, giving her the “chess bug”. She later grew to become the British women’ under-14 champion.
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