Chancellor of the Exchequer
The Rt Hon Rachel Reeves MP
Biography
Rachel Reeves was appointed Chancellor of the Exchequer on 5 July 2024. They were elected as the MP for Leeds West and Pudsey in July 2024.
Chancellor of the Exchequer
The Chancellor of the Exchequer is the government’s chief financial minister and as such is responsible for raising revenue through taxation or borrowing and for controlling public spending. She has overall responsibility for the work of the Treasury.
The Chancellor’s responsibilities cover:
- fiscal policy (including the presenting of the annual Budget)
- monetary policy, setting inflation targets
- ministerial arrangements (in her role as Second Lord of the Treasury)
- overall responsibility for the Treasury’s response to COVID-19