Rachel Reeves appointed Chancellor of the Exchequer

Reeves joins the cabinet as the first ever woman to lead the Treasury in the UK, following 14 years as an opposition member of parliament representing Leeds West. The new Chancellor formerly served as shadow minister for the Treasury for the past three years. Reeves will step foot into 11 Downing Street following Labour's landslide victory of 412 seats in the House of Commons, holding parliamentary majority of around 170 seats. As a member of the Labour Party since the age of 16, Reeves gained her undergraduate degree in politics, philosophy and economics from Oxford before c...