Chancellor Rachel Reeves puts growth at centre of Labour's economic vision

First address since election win

Newly appointed Chancellor of the Exchequer Rachel Reeves has pledged to “fix the foundations of Britain’s economy” by putting growth at the centre of Labour’s economic mission, as it begins its turn in office.

Reeves was appointed head of the Treasury by Prime Minister Keir Starmer on Friday (5 July), after his party won a landslide majority at the UK's 2024 general election. Campaigning on a promise of ‘Change', Reeves continued the PM's message in her first address in the role. Rachel Reeves appointed Chancellor of the Exchequer Speaking to Treasury staff on Friday, she said it was an "honour" to be chancellor, adding "I know what a responsibility this brings – to guide our economy through uncertain times". In her inaugural speech today, Reeves said she has already been working on h...