Latest news and updates on Rachel Reeves - Rachel Jane Reeves was first elected to parliament in 2010 as Labour MP for Leeds West, and was re-elected as MP for Leeds West and Pudsey in 2024. She served as Shadow Chancellor of the Exchequer since 2021 and has now become the UK's first female Chancellor after Labour's election win. Before politics, she studied at the London School of Economics and worked at the Bank of England.
The money saving expert gave his thoughts on the Budget, including on two issues particularly close to his heart - carer's allowance and child benefit.
'Working people will not see higher taxes in their payslips as a result of the choices I make today. That is a promise made – and a promise fulfilled.'