About our Rachel Reeves news
Latest news on Rachel Reeves, Labour's Chancellor of the Exchequer and first woman to hold the role, covering economic policies, Treasury decisions, and Westminster updates.
Rachel Reeves made history in July 2024 when she became the first woman to serve as Chancellor of the Exchequer in its over 800-year history. As a key figure in Keir Starmer's Labour government, she oversees Britain's economic policy from 11 Downing Street, bringing her background in economics and previous role as Shadow Chancellor to one of the most powerful positions in British politics.
Since taking office, Reeves has implemented significant economic reforms, including establishing the National Wealth Fund with £5.8 billion in funding, introducing the largest tax rises at a budget since 1993, and making controversial decisions such as scrapping winter fuel payments for some pensioners. Her October 2024 budget set the tax burden to its highest level in recorded history, prompting widespread debate about Labour's economic direction.
Beyond her economic policies, Reeves has maintained strong connections to her Leeds constituency, where she supports local initiatives such as the Ribbons sculpture project celebrating influential women in Leeds. Her journey from a comprehensive school in Lewisham to becoming Britain's first female Chancellor has been marked by her commitment to both fiscal responsibility and social democratic values, influenced by her early exposure to Labour politics through her father.
Reeves' political career began when she joined the Labour Party at sixteen, later working at the Bank of England before entering Parliament in 2010 as MP for Leeds West. Her rise through Labour's ranks included serving as Shadow Chief Secretary to the Treasury and Shadow Work and Pensions Secretary, before becoming Shadow Chancellor under Keir Starmer in 2021, where she developed her "securonomics" approach to economic policy.
Our NewsNow feed provides comprehensive coverage of Rachel Reeves' chancellorship, tracking her economic decisions, policy implementations, and their impact on British society. From budget announcements to Treasury reforms, stay informed about one of the most significant figures shaping Britain's economic future through our regularly updated news coverage from reliable sources across the UK media landscape.