Rachel Reeves
Chancellor of the Exchequer
Rachel Reeves
Chancellor of the Exchequer
Rachel Reeves is a British Labour politician who became the first female Chancellor of the Exchequer in 2024, following Labour's general election win. Born in 1979 in Lewisham, London, she studied PPE at Oxford and earned a master’s in economics from the LSE. Before entering politics, she worked as an economist at the Bank of England and HBOS. Reeves has been the MP for Leeds West (now Leeds West and Pudsey) since 2010, holding several key shadow cabinet roles before being appointed Shadow Chancellor in 2021. As Chancellor, she introduced major tax reforms, public sector pay increases, and a National Wealth Fund, while also making some controversial cuts. She is married with two children, and her sister, Ellie Reeves, is also a Labour MP. In 2023, she faced criticism over plagiarism in her book on women economists, with her publisher promising corrections.
Chancellor Axes British Art History in Favor of Covid Lockdown Masterpieces
- Sunday, 20 April 2025
Rachel Reeves removed 31 artworks from No 11, replacing portraits of men such as Isaac Newton, William Pitt, and Henry Pelham with abstract paintings depicting "Covid anxiety" and social distancing. The Chancellor's action was criticized for being "ashamed to embrace British history and tradition". The removals include depictions of former prime ministers Benjamin Disraeli, King James I and II, which were replaced by art commemorating the Covid lockdowns.
Reeves Urges UK to Strengthen Ties with China Amid US Tariff Row
- Saturday, 19 April 2025

Rachel Reeves, Chancellor, called for closer ties with Beijing after Donald Trump slapped 245% tariffs on Chinese imports. She believes it would be "very foolish" for Britain to disengage with China and wants to forge a deeper partnership instead of creating new barriers.
Chancellor Pledges Bright Future for Scunthorpe Steelmaking After Government Intervention
- Thursday, 17 April 2025
Chancellor Rachel Reeves visited Scunthorpe and predicted a "bright future" for steelmaking in the town after an emergency law took control of British Steel from its Chinese owners Jingye. The government had stepped in to keep the blast furnaces running by placing new orders for raw materials, and Reeves emphasized the importance of virgin steel being made in the UK for economic and national security reasons. She stated that despite poor management, the government is determined to ensure a secure future for Scunthorpe's steelmaking industry, with plans to move towards electric arc furnaces and secure the town's future for many decades.
Labour in Crisis: Party's Transgender Policy Under Fire After Supreme Court Ruling
- Thursday, 17 April 2025

Labour is facing pressure to reevaluate its stance on gender laws after a Supreme Court ruling stated that transgender women are not legally women. A health minister, Karin Smyth, refused to specify which changing room transgender women should use, despite the unanimous ruling. The president of one of Britain's largest unions, which gives Labour millions annually, stated that the decision does not change its pro-trans policy. Labour MPs and LGBT+ groups criticized the court's findings, while Chancellor Rachel Reeves was evasive about whether Keir Starmer should apologize for criticizing her statement that only women have a cervix.