Rachel Reeves set to unveil her first budget as Chancellor with £40bn in tax rises

Rachel Reeves, the UK’s first female chancellor, is set to unveil her first budget today, which includes £40 billion in tax rises to address the nation’s financial challenges. Reeves, who previously served as shadow chancellor, has already overseen controversial changes such as scrapping the winter fuel allowance for pensioners.

Born in Lewisham, London, Reeves has had a diverse career, including working at the Bank of England and HBOS during the 2008 financial crash. She entered Parliament in 2010 and quickly rose through the ranks to become shadow chief secretary to the Treasury.

Reeves’ political career has been marked by steady leadership and a focus on rebuilding relationships with business leaders. She is also known for her family connections, as her sister Ellie Reeves is also a Labour MP. Reeves is married to senior civil servant Nicholas Joicey, with whom she has two children.

Despite being described as a chess champion in the media, it has been revealed that Reeves has never actually won a chess tournament. This revelation adds an interesting twist to the profile of the UK’s first female chancellor. Stay tuned for more updates on Reeves’ budget announcement and its implications for the country.