As the party’s finance spokesperson in opposition, Rachel Reeves has assumed the position of chancellor of the exchequer following the appointment of Sir Keir Starmer – the first Labour prime minister in 14 years.
According to the Wiki listing, the first Chancellor of the Exchequer of England assumed office in 1221.
The Labour party crossed the majority threshold and won the eagerly awaited general election in the United Kingdom in 2024, shortly after Rishi Sunak announced his resignation as prime minister.
After nearly all of the results were in, Keir Starmer’s party had taken 412 of the 650 seats in the House of Commons, while the Conservatives had 121 seats.
Reeves herself won the Leeds West and Pudsey constituency. But who exactly is the woman who has become Britain’s first female chancellor?
Who is Rachel Reeves?
Rachel Reeves has served as the MP for Leeds West since 2010 and as the shadow chancellor since May 2021. Below is a detailed overview of her life and career:
Early life and education
Birth: Ms Reeves was born on February 13, 1979, in Lewisham, London.
Family background: She comes from a family emphasising public service; her father was a teacher and her mother worked as a social worker.
Education: Ms Reeves attended Cator Park School for Girls in Bromley (which closed in 2011). She told the Daily Telegraph in 2022 how she would work on school projects during the holidays because she liked to “do well at things” and get “top marks”.
She later studied at New College, Oxford, earning a philosophy, politics, and economics (PPE) degree. Subsequently, she completed a master’s degree in economics from the London School of Economics.
Professional career before politics
Banking and economics: Before entering politics, Reeves worked as an economist. She began her career at the Bank of England and later worked as an economist at the British Embassy in Washington DC. She also worked for Halifax Bank of Scotland (HBOS) and in the private sector for the management consulting firm Bank of America Merrill Lynch.
Political career
Entry into politics: Reeves first contested for the Labour party in the 2005 general election in the constituency of Bromley and Chislehurst but was not elected.
MP for Leeds West: In the 2010 general election, she was elected as the MP for Leeds West, succeeding John Battle.
Positions held
Shadow Chief Secretary to the Treasury: In 2011, she was appointed to this role, shadowing the Chief Secretary to the Treasury.
Shadow Secretary of State for Work and Pensions: In 2013, she was promoted to this position, where she focused on welfare issues and was known for her stance on reforming the welfare system.
Chair of the Business, Energy and Industrial Strategy Committee: From 2017 to 2020, she chaired this influential committee, overseeing business and industrial policy.
Shadow Chancellor of the Duchy of Lancaster: Appointed in April 2020, she significantly scrutinised the Government’s response to the Covid-19 pandemic.
Shadow Chancellor of the Exchequer: In May 2021, Starmer appointed her to this senior role, where she became responsible for the party’s economic policies and approach to public finances.
Political stance and achievements
Economic policy: Reeves is known for her pragmatic approach to monetary policy, advocating fiscal responsibility while promoting investment in public services and infrastructure.
Labour Party reforms: She has been instrumental in modernising the Labour Party’s economic stance, emphasising the need for a strong and responsible fiscal policy to gain public trust.
Environmental and social issues: Reeves has been vocal about the importance of addressing climate change and has supported various social justice initiatives.
Personal life
Family: Reeves is married to Nicholas Joicey, a civil servant who has worked in senior positions at the Treasury and the Department for Work and Pensions. The couple have two children. Reeves’s sister, Ellie Reeves, is the Labour MP for Lewisham West and Penge.
Publications and media: On top of her political career, Reeves is an author and has written books on economic and social history, including a biography of Alice Bacon, the first female MP for Leeds.
Interests: She has a keen interest in history and is known to be a fan of cycling and running.
Sky News reported that Reeves’s competitive streak defines her love of chess, which her father taught her when she was seven, giving her the “chess bug”.
She later became the British girls’ under-14 champion.
Source: Evening Standard
