Rachel Reeves has been appointed as Chancellor of the Exchequer in Keir Starmer's government, becoming the first woman to hold the post in UK history.

Britain's new Prime Minister Keir Starmer has appointed Rachel Reeves as Chancellor of the Exchequer, making her the first woman to hold the post in British history. Reeves, a former economist at the Bank of England, was re-elected as an MP and emphasized that change will only come through iron discipline on public finances.