Labour’s Rachel Reeves has been named as the UK’s 1st lady Chancellor of the Exchequer as Keir Starmer begins to kind his new authorities this afternoon (5 July).
Reeves, who served as shadow chancellor when the Celebration ended up in opposition, defined the appointment as “the honour of my life”.
She was re-elected to the freshly-formed Leeds West and Pudsey seat instantly after securing 18,976 votes.
She was to begin with elected in 2010 and simply 5 months in a while turned shadow minister for work and pensions beneath earlier Labour chief Ed Milliband.
Reeves researched PPE (Philosophy, Politics and Economics) at Oxford University proper earlier than heading on to full a masters in economics on the London University of Economics.
She then joined the Bank of England as an economist forward of her occupation in politics.
Adhering to her appointment she posted on X (the web site previously recognised as Twitter): “It is the honour of my on a regular basis residing to have been appointed Chancellor of the Exchequer.
“I do know what obligation it delivers, and I’m prepared to supply the remodel our financial system must make performing people in all elements of the nation higher off.
“It comes with a historic obligation as the initially lady to be appointed chancellor.
“To every younger feminine and lady studying this, enable lately clearly present that there must be no limits in your ambitions.”
Liz Kendall has additionally been confirmed as the upcoming work and pensions secretary.
