Britain's New Finance Minister Unveils Ambitious Plans to Revitalize UK Economy and Tackle Housing Crisis

Benzinga
Benzinga
  • 13 days ago
Rachel Reeves was appointed as Britain's chancellor of the exchequer, equivalent to a finance minister, on Friday after the Labour Party won the UK general election. In her first major speech as chancellor, Reeves outlined measures to boost economic growth and address housing shortages, including restoring mandatory housing targets and ending the ban on new onshore wind farms in England. Reeves instructed Treasury officials to assess the state of public finances inherited from the previous Conservative government.

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