Starmer appoints Rachel Reeves as Chancellor of the Exchequer, the UK’s first female Chancellor of the Exchequer

Madrid, July 5 (European Press) –

The new UK Prime Minister, Keir Starmer, announced on Friday the appointment of Rachel Reeves as the new Chancellor of the Exchequer, a position that has not been held by a woman until now.

Reeves, 45, took to social media to highlight economic growth as a “national mission” and said: “It’s the honor of my life.”

“I know the responsibility that comes with it and I am ready to make the change our economy needs to improve the lives of workers across the country,” she said.

The new UK chancellor was first elected as a member of Parliament in 2010, having worked for six years as an economist at the Bank of England after graduating from university and then a further four years at a banking and insurance company.

During his years as an opposition economics chief, Reeves championed the importance of providing stability to the UK economy, following a series of economic turmoil following Brexit, going so far as to call his economic agenda “securitization economics.”

In comments to the BBC, reported by Europa Press, the new British finance minister recognised the scale of the challenge she had inherited, warning that “there is not a lot of money”, so the government would have to try to lift the ban on private sector investment in the sector and reform planning, pensions and systems to enable young people to succeed.

Reeves also highlighted the “historic responsibility” of being the first woman to hold the position of Chancellor of the Exchequer, adding that her appointment teaches all girls and women that there are no limits to their ambitions.

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