Starmer appoints Rachel Reeves as finance minister, first woman to head UK Treasury

Starmer appoints Rachel Reeves as finance minister, first woman to head UK Treasury
Starmer appoints Rachel Reeves as finance minister, first woman to head UK Treasury

MADRID, 5 Jul. (EUROPA PRESS) –

The new Prime Minister of the United Kingdom, Keir Starmer, announced this Friday the appointment of Rachel Reeves as the new Minister of Finance, a position that until now had not been occupied by a woman.

“It’s the honor of my life,” Reeves, 45, said on social media, where he has made achieving economic growth his “national mission.”

“I know the responsibility that this entails and I am ready to make the change that our economy needs to improve the situation of workers everywhere in the country,” she said.

The UK’s new finance minister was first elected as a member of parliament in 2010, having spent six years as an economist at the Bank of England after leaving university and then a further four years at the banking and insurance firm HBOS.

During her time as the shadow economics chief, Reeves has championed the importance of providing stability to the UK economy following the string of economic disruptions following Brexit, even calling her economic agenda ‘securonomics’.

In statements to the BBC, reported by Europa Press, the new UK Finance Minister has acknowledged the magnitude of the challenge she inherits, warning that “there is not a huge amount of money”, so the Government must try to unlock private sector investment and undertake reforms to the planning system, pensions and the system to enable young people to succeed.

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

 
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