Rachel Reeves, a former Bank of England economist and Labour Party member, has been appointed as the UK's first female chancellor by newly elected Prime Minister Keir Starmer. Reeves was born in south-east London in 1979 and studied Philosophy, Politics and Economics (PPE) at Oxford University. She met her husband Nicholas Joicey during a secondment to the UK's embassy in Washington DC. Reeves has been a Labour Party member since the age of 17 and rose quickly up the ranks after becoming an MP for Leeds West in 2010.
Starmer, who took office on July 5, announced his new government following a landslide victory for the Labour Party in Parliament. In addition to Reeves' appointment as chancellor, Yvette Cooper was appointed home secretary, David Lammy was named foreign secretary, and Angela Rayner was chosen as deputy prime minister and secretary of state for the Department of Levelling Up, Housing and Communities.
Reeves has pledged to fight for 'jobs, growth and prosperity' in her new role. She has criticized the Conservative Party's handling of the economy during their 14-year tenure in power. Reeves is known for her prudence and determination, as well as her love of chess.
The appointment of a female chancellor marks a significant milestone for gender equality in British politics. Reeves will be responsible for managing the UK's finances and implementing economic policies to support growth and address any challenges that may arise.