From Chessboard to Boardrooms: Meet Rachel Reeves, UK’s First Female Finance Minister

Rachel Reeves has became the first female finance minister of UK. The 45-12 months-old is an economist and has pledged to bring up the kingdom’s financial system. Rachel became appointed because the chancellor on Friday after the Keir Starmer-led Labour Celebration obtained a majority in Thursday’s general election. She is now in rate of the UK’s Funds. She has executed a super milestone in her occupation and UK’s historic past.

Reeves wrote on social media platform X after her appointment by methodology of new Excessive Minister Keir Starmer. She mentioned, “Here's far the honour of my life to have been appointed chancellor of the exchequer.”

Here's far the honour of my life to have been appointed Chancellor of the Exchequer.

Fiscal amplify became the Labour Celebration’s mission. Here's far now a countrywide mission.

Let’s get to work. p.c.twitter.com/PchJFePDJa

— Rachel Reeves (@RachelReevesMP) July 5, 2024

Who is Rachel Reeves?

Born on February 13, 1979 to educationists in London Borough Lewisham,  Reeves became always dedicated to finished coaching and passion for getting to snatch. She finished her Bachelor of Arts diploma at New Collage, Oxford and then Master of Science in Economics from the celebrated London Collage of Economics. After ending her graduation, Reeves labored as an economist for round a decade-first on the Bank of England and then she switched to the non-public area. Reeves grew to be Labour’s finance coverage chief in 2021, and served because the Shadow Chancellor of the Exchequer beneath Starmer, then the Leader of the Opposition.

The 45-12 months-old  is additionally a former chess champion who obtained a tremendous substitute of championship titles as a young youngster. She became always inclined in the direction of democratic politics subsequently of her father’s outcome in childhood. In 2010, when the Conservatives entered electrical energy in a coalition with the Liberal Democrats, Reeves became elected Labour MP for Leeds West in northern England. Eleven years later, Starmer appointed her as Labour’s finance spokesperson. Her sister, Ellie Reeves, is additionally a Labour MP.

In the intervening time, because the UK’s first feminine Chancellor of the Exchequer, she faces an financial system with sluggish amplify, excessive debt, and just a couple of of probably basically the most best tax burden in 70 years. Reeves targets to bring steadiness to come again to the financial system and has ruled out raises in profit tax, and trade trade tax. Her dedication to guilty fiscal coverage coverage plan policies displays her substitute to prevail inside the part of finance and governance.