Rachel Reeves is the first female Chancellor of the Exchequer in British history. The new Prime Minister Keir Starmer appointed the 45-year-old Chancellor of the Exchequer in London.
Reeves once worked for the Bank of England and is considered a qualified economist. The agency has been around for about 800 years, according to British media.
Reeves will be responsible for enforcing Starmer’s Labour Party’s strict budget rules and pushing through some tax rises.
This includes closing tax loopholes for wealthy foreigners and private schools and extending excess profits tax to oil and gas companies to fund Starmer’s plans.
Labor representative becomes deputy prime minister
Labor Vice-President Angela Rayner is another woman holding a key government position. The 44-year-old is the new Deputy Prime Minister and is also the minister responsible for the difficult issues of housing and ‘Levelling Up’, which means levelling the playing field in the country.
A new Minister of Foreign Affairs has been elected
The new Foreign Secretary is David Lammy. As Home Secretary, Yvette Cooper’s primary focus should be on reducing the large number of illegal migrants crossing the English Channel.
Source: Krone
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