Rachel Jane Reeves (born 13 February 1979) is a British politician and economist serving as
Shadow Chancellor of the Exchequer
The Shadow Chancellor of the Exchequer in the British Parliamentary system is the member of the Shadow Cabinet who is responsible for shadowing the Chancellor of the Exchequer. The title is given at the gift of the Leader of the Opposition an ...
since 2021. A member of the
Labour Party, she has been
Member of Parliament
A member of parliament (MP) is the representative in parliament of the people who live in their electoral district. In many countries with Bicameralism, bicameral parliaments, this term refers only to members of the lower house since upper house ...
for
Leeds West
Leeds West is a borough constituency in the city of Leeds, West Yorkshire which is represented in the House of Commons of the Parliament of the United Kingdom. It elects one Member of Parliament (MP) by the first-past-the-post system of ...
since
2010
File:2010 Events Collage New.png, From top left, clockwise: The 2010 Chile earthquake was one of the strongest recorded in history; The Eruption of Eyjafjallajökull in Iceland disrupts air travel in Europe; A scene from the opening ceremony of ...
.
Born in
Lewisham
Lewisham () is an area of southeast London, England, south of Charing Cross. It is the principal area of the London Borough of Lewisham, and was within the historic county of Kent until 1889. It is identified in the London Plan as one o ...
in London, Reeves studied at
New College, Oxford
New College is one of the constituent colleges of the University of Oxford in the United Kingdom. Founded in 1379 by William of Wykeham in conjunction with Winchester College as its feeder school, New College is one of the oldest colleges at ...
and the
London School of Economics
, mottoeng = To understand the causes of things
, established =
, type = Public research university
, endowment = £240.8 million (2021)
, budget = £391.1 mill ...
before working as an economist at the
Bank of England, the
British Embassy in Washington, D.C. and
HBOS
HBOS plc was a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland plc, which operated the Ba ...
. Elected at the
2010 general election, she served in
Ed Miliband
Edward Samuel "Ed" Miliband (born 24 December 1969) is a British politician serving as Shadow Secretary of State for Climate Change and Net Zero since 2021. He has been the Member of Parliament (MP) for Doncaster North since 2005. Miliban ...
's
Shadow Cabinet as
Shadow Chief Secretary to the Treasury
The Shadow Chief Secretary to the Treasury is the most junior member of the Shadow Cabinet, and is the deputy to the Shadow Chancellor of the Exchequer. The Shadow Chief Secretary to the Treasury acts as the primary opposition to the equivalent G ...
from 2011 to 2013 and
Shadow Secretary of State for Work and Pensions from 2013 to 2015.
Reeves did not return to the Shadow Cabinet following
Jeremy Corbyn
Jeremy Bernard Corbyn (; born 26 May 1949) is a British politician who served as Leader of the Opposition (United Kingdom), Leader of the Opposition and Leader of the Labour Party (UK), Leader of the Labour Party from 2015 to 2020. On the pol ...
's
election as Labour leader in 2015, instead serving as chair of the
Business, Energy and Industrial Strategy Committee from 2017 to 2020. After
Keir Starmer
Sir Keir Rodney Starmer (; born 2 September 1962) is a British politician and barrister who has served as Leader of the Opposition and Leader of the Labour Party since 2020. He has been Member of Parliament (MP) for Holborn and St Pancras ...
was elected as leader in 2020, he appointed Reeves as
Shadow Chancellor of the Duchy of Lancaster and
Shadow Minister for the Cabinet Office, shadowing
Michael Gove
Michael Andrew Gove (; born Graeme Andrew Logan, 26 August 1967) is a British politician serving as Secretary of State for Levelling Up, Housing and Communities and Minister for Intergovernmental Relations since 2021. He has been Member of Parli ...
. In May 2021, she replaced
Anneliese Dodds as Shadow Chancellor of the Exchequer.
Early life and career
The daughter of teachers Graham and Sally Reeves of
Lewisham
Lewisham () is an area of southeast London, England, south of Charing Cross. It is the principal area of the London Borough of Lewisham, and was within the historic county of Kent until 1889. It is identified in the London Plan as one o ...
, south-east London,
Reeves was educated at
Cator Park School for Girls in
Bromley
Bromley is a large town in Greater London, England, within the London Borough of Bromley. It is south-east of Charing Cross, and had an estimated population of 87,889 as of 2011.
Originally part of Kent, Bromley became a market town, char ...
. At school, she won a British Under-14 girls
chess
Chess is a board game for two players, called White and Black, each controlling an army of chess pieces in their color, with the objective to checkmate the opponent's king. It is sometimes called international chess or Western chess to dist ...
championship title in a tournament organised by the now-defunct British Women's Chess Association. After sitting A-Levels in Politics, Economics, Mathematics and Further Mathematics, she read
Philosophy, Politics and Economics at
New College, Oxford
New College is one of the constituent colleges of the University of Oxford in the United Kingdom. Founded in 1379 by William of Wykeham in conjunction with Winchester College as its feeder school, New College is one of the oldest colleges at ...
(
MA), achieving a 2.1. She then graduated as
MSc
MSC may refer to:
Computers
* Message Sequence Chart
* Microelectronics Support Centre of UK Rutherford Appleton Laboratory
* MIDI Show Control
* MSC Malaysia (formerly known as Multimedia Super Corridor)
* USB mass storage device class (USB MSC ...
in
Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analy ...
from the
London School of Economics
, mottoeng = To understand the causes of things
, established =
, type = Public research university
, endowment = £240.8 million (2021)
, budget = £391.1 mill ...
.
She worked as an economist at the
Bank of England and
British Embassy in
Washington, D.C. between 2000 and 2006.
Reeves moved to
Leeds
Leeds () is a City status in the United Kingdom, city and the administrative centre of the City of Leeds district in West Yorkshire, England. It is built around the River Aire and is in the eastern foothills of the Pennines. It is also the thi ...
in 2006 to work for
HBOS
HBOS plc was a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland plc, which operated the Ba ...
. She was once interviewed for a job at
Goldman Sachs, but turned it down, despite claiming that the job could have made her "a lot richer".
Reeves cites the influence of her father on her and her sister
Ellie Reeves MP on her
socially democratic politics. She recalls how, when she was eight years old, her father, Graham, pointed out the then-
Labour Party leader
Neil Kinnock
Neil Gordon Kinnock, Baron Kinnock (born 28 March 1942) is a British former politician. As a member of the Labour Party, he served as a Member of Parliament from 1970 until 1995, first for Bedwellty and then for Islwyn. He was the Leader ...
on the television and "told us that was who we voted for". Reeves says she and her sister have "both known we were Labour since then". She joined the Labour Party at the age of sixteen.
Political career
Reeves stood as the Labour Party parliamentary candidate in the Conservative
safe seat
A safe seat is an electoral district (constituency) in a legislative body (e.g. Congress, Parliament, City Council) which is regarded as fully secure, for either a certain political party, or the incumbent representative personally or a combinat ...
of
Bromley and Chislehurst at the
2005 general election, finishing second. She also contested the
2006 by-election in the same constituency, following the death of sitting Conservative
Member of Parliament
A member of parliament (MP) is the representative in parliament of the people who live in their electoral district. In many countries with Bicameralism, bicameral parliaments, this term refers only to members of the lower house since upper house ...
(MP)
Eric Forth, and finished in fourth place – while the Lib Dems jumped to second. Labour support fell from 10,241 votes to 1,925, in what was described as a "humiliation" for Labour. The result was the worst performance for a governing party since 1991.
Reeves later sought nomination for the
Leeds West
Leeds West is a borough constituency in the city of Leeds, West Yorkshire which is represented in the House of Commons of the Parliament of the United Kingdom. It elects one Member of Parliament (MP) by the first-past-the-post system of ...
seat at the
2010 general election,
seeking to replace
John Battle, who had chosen to retire. She was selected to contest the seat from an
all-women shortlist
All-women shortlists (AWS) is an affirmative action practice intended to increase the proportion of female Members of Parliament (MPs) in the United Kingdom, allowing only women to stand in particular constituencies for a particular political ...
of Labour Party
prospective parliamentary candidates.
She was elected with a majority of 7,016 on 6 May 2010 – a 5,794 reduction in the majority enjoyed by Battle. In her
maiden speech
A maiden speech is the first speech given by a newly elected or appointed member of a legislature or parliament.
Traditions surrounding maiden speeches vary from country to country. In many Westminster system governments, there is a convention ...
, delivered on 8 June 2010,
Reeves praised the work of Battle and committed to continue fighting for justice for the victims of the
Armley asbestos disaster
The Armley asbestos disaster is an ongoing health issue originating in Armley, a suburb of Leeds, West Yorkshire, England. Described by Dr. Geoffrey Tweedale as a "social disaster", it involved the contamination with asbestos dust of an area consi ...
and their families. In a series of questions in Parliament, she enquired whether the government would honour promises by the previous government to compensate victims of asbestos diagnosed with
pleural plaques, and bring legislation into force making it easier to pursue claims against insurers.
Following the 2010 election, Reeves supported
Ed Miliband
Edward Samuel "Ed" Miliband (born 24 December 1969) is a British politician serving as Shadow Secretary of State for Climate Change and Net Zero since 2021. He has been the Member of Parliament (MP) for Doncaster North since 2005. Miliban ...
for the Labour leadership because she felt he was the candidate most willing to listen to what the voters were saying about where the party went wrong. After becoming an MP, Reeves was appointed to the
Department for Business, Innovation and Skills
, type = Department
, logo = Department for Business, Innovation and Skills logo.svg
, logo_width = 200px
, logo_caption =
, picture = File:Лондан. 2014. Жнівень 26.JPG
, seal =
, se ...
Select Committee then as Shadow Pensions Minister in October 2010. In her role as Shadow Pensions Minister, she campaigned against the Government's proposed acceleration of equalising state pensions ages for men and women. She was promoted to the post of
Shadow Chief Secretary to the Treasury
The Shadow Chief Secretary to the Treasury is the most junior member of the Shadow Cabinet, and is the deputy to the Shadow Chancellor of the Exchequer. The Shadow Chief Secretary to the Treasury acts as the primary opposition to the equivalent G ...
in October 2011.
Appointed
Shadow Secretary of State for Work and Pensions in 2013, Reeves proposed that anyone unemployed for two years, or one year if under 25 years old, would be required to take a guaranteed job or lose access to benefits. She caused controversy within the Labour Party by stating Labour would be "tougher" than the Conservative Party in cutting the benefits bill. She caused further controversy in early 2015 by stating "We
abourdon’t want to be seen as, and we're not, the party to represent those who are out of work".
Following
Jeremy Corbyn
Jeremy Bernard Corbyn (; born 26 May 1949) is a British politician who served as Leader of the Opposition (United Kingdom), Leader of the Opposition and Leader of the Labour Party (UK), Leader of the Labour Party from 2015 to 2020. On the pol ...
's
election as leader in 2015, Reeves did not return to the Shadow Cabinet after her maternity leave and supported
Owen Smith
Owen Smith (born 2 May 1970) is a former Labour Party politician and subsequently a British lobbyist, who has been the UK government relations director for pharmaceutical company Bristol Myers Squibb since 2020. Smith was Member of Parliamen ...
in the
2016 Labour Party leadership election. In September 2016, Reeves described her constituency as being "like a tinderbox" that could explode if immigration was not curbed.
When
Keir Starmer
Sir Keir Rodney Starmer (; born 2 September 1962) is a British politician and barrister who has served as Leader of the Opposition and Leader of the Labour Party since 2020. He has been Member of Parliament (MP) for Holborn and St Pancras ...
became Labour leader in 2020, Reeves was appointed as
Shadow Chancellor of the Duchy of Lancaster, with responsibility for Labour's response to
Brexit
Brexit (; a portmanteau of "British exit") was the withdrawal of the United Kingdom (UK) from the European Union (EU) at 23:00 GMT on 31 January 2020 (00:00 1 February 2020 CET).The UK also left the European Atomic Energy Community (EAE ...
and shadowing
Michael Gove
Michael Andrew Gove (; born Graeme Andrew Logan, 26 August 1967) is a British politician serving as Secretary of State for Levelling Up, Housing and Communities and Minister for Intergovernmental Relations since 2021. He has been Member of Parli ...
.
Shadow Chancellor of the Exchequer
Reeves was promoted to the role of
Shadow Chancellor of the Exchequer
The Shadow Chancellor of the Exchequer in the British Parliamentary system is the member of the Shadow Cabinet who is responsible for shadowing the Chancellor of the Exchequer. The title is given at the gift of the Leader of the Opposition an ...
in a shadow cabinet reshuffle on 9 May 2021, replacing
Anneliese Dodds.
In December 2021 Reeves said she would support a 2p cut to the Income Tax basic rate, if the Conservatives proposed that. She opposed the planned 1.2% rise in
National Insurance
National Insurance (NI) is a fundamental component of the welfare state in the United Kingdom. It acts as a form of social security, since payment of NI contributions establishes entitlement to certain state benefits for workers and their famil ...
rates. Reeves said Labour planned to replace
business rates with a new system that charged shops fairly compared to larger online businesses.
In an interview with the ''
Financial Times
The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nikke ...
'', outlining her forthcoming speech in
Bury on strengthening the economy, Reeves said a Starmer government would be pro-business and committed to fiscal discipline. She said Britain had seen Japanese-style
Lost Decades of growth, which she said a Labour government would reverse through following fiscal rules and eliminating borrowing for day-to-day spending, with no unfunded election spending commitments. This she said would enable government capital spending, above the current 3% of GDP per year limit, to promote growth. Labour would be both pro-worker and pro-business. Reeves did not think Britain would rejoin
European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been ...
or
its single market in the next 50 years. She said she was against the return of
freedom of movement for workers between the UK and EU.
Reeves also said the falling membership of the Labour Party was a good thing, as it was shedding unwelcome supporters.
[
In her Bury speech on 20 January 2022, where she was introduced by MP Christian Wakeford who had recently defected to Labour from the Conservative Party, she added more detail to her plan:]
* A £28 billion climate investment plan, which would create UK based jobs and support industry;
* A target to creating 100,000 new businesses over five years;
* Mutual recognition of professional qualifications with the EU;
* Veterinary agreements to help the food and drink industry;
* Restore visa-free touring for musicians.
Political positions and views
Reeves has written studies on the financial crisis of 2007–2010
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline o ...
for the Fabian Society
The Fabian Society is a British socialist organisation whose purpose is to advance the principles of social democracy and democratic socialism via gradualist and reformist effort in democracies, rather than by revolutionary overthrow. The F ...
's ''Fabian Review'', the Institute of Public Policy Research, the Socialist Environment and Resources Association
The Socialist Environment and Resources Association (SERA), founded in 1973, is an independent environmental association affiliated to the UK Labour Party as a socialist society. More recently it has used the name "SERA – the Labour Environment ...
, and the ''European Journal of Political Economy
The ''European Journal of Political Economy'' is a quarterly peer-reviewed academic journal covering research on economic phenomena, including collective decision making, political behavior, and the role of institutions. The editors-in-chief are To ...
''. In an article for '' Renewal'' entitled "The Politics of Deficit Reduction", Reeves offers her critique of the then-current financial situation and efforts to bring down the budget deficit. Reeves was a proponent of quantitative easing
Quantitative easing (QE) is a monetary policy action whereby a central bank purchases predetermined amounts of government bonds or other financial assets in order to stimulate economic activity. Quantitative easing is a novel form of monetary p ...
in 2009, to alleviate the late-2000s recession
The Great Recession was a period of marked general decline, i.e. a recession, observed in national economies globally that occurred from late 2007 into 2009. The scale and timing of the recession varied from country to country (see map). At t ...
having studied the effects of the policy on Japan in the early 2000s.
Reeves supports the High Speed 2
High Speed 2 (HS2) is a planned high-speed railway line in England, the first phase of which is under construction in stages and due for completion between 2029 and 2033, depending on approval for later stages. The new line will run from its m ...
rail project, and raised the issue in the House of Commons
The House of Commons is the name for the elected lower house of the bicameral parliaments of the United Kingdom and Canada. In both of these countries, the Commons holds much more legislative power than the nominally upper house of parliament. ...
, as well as campaigning for the proposed Kirkstall Forge railway station. In 2008 she was involved in the campaign to save the historic Bramley Baths and in 2011 the campaign to save the children's heart unit at Leeds General Infirmary
Leeds General Infirmary, also known as the LGI, is a large teaching hospital based in the centre of Leeds, West Yorkshire, England, and is part of the Leeds Teaching Hospitals NHS Trust. Its previous name The General Infirmary at Leeds is still ...
.
Reeves is a vice-chair of Labour Friends of Israel, contributed a chapter to a book about Israeli politics and society, and supports the Auschwitz-Birkenau Foundation.
Writing
Echoing similar titles of publications by Roy Jenkins
Roy Harris Jenkins, Baron Jenkins of Hillhead, (11 November 1920 – 5 January 2003) was a British politician who served as President of the European Commission from 1977 to 1981. At various times a Member of Parliament (United Kingdom), ...
in 1959 and Tony Wright in 1997, Reeves wrote the new edition of ''Why Vote Labour?'' in the run-up to the 2010 general election, as part of a series giving the case for each of the main political parties.
Reeves's biography of the Labour politician Alice Bacon, Baroness Bacon (1909–1993), titled ''Alice in Westminster: The Political Life of Alice Bacon'', was published in 2017. Bacon was the first and previously only woman to represent a Leeds constituency, having represented Leeds North East and then Leeds South East
Leeds South East was a borough constituency in the city of Leeds in West Yorkshire. It returned one Member of Parliament (MP) to the House of Commons of the Parliament of the United Kingdom.
The constituency was created for the 1918 general ...
between 1945 and 1970.
She regularly contributes to ''The Guardian
''The Guardian'' is a British daily newspaper
A newspaper is a periodical publication containing written information about current events and is often typed in black ink with a white or gray background.
Newspapers can cover a wide ...
'' newspaper, as well as the websites LabourList
LabourList is a British news website supportive of, but independent of, the Labour Party, launched in 2009. Describing itself as Labour's "biggest independent grassroots e-network", the site's content includes news, commentary, interviews, campa ...
and Progress
Progress is the movement towards a refined, improved, or otherwise desired state. In the context of progressivism, it refers to the proposition that advancements in technology, science, and social organization have resulted, and by extension w ...
.
Personal life
Reeves is married to Nicholas Joicey
Nicholas Beverley Joicey (born 11 May 1970) is the Director General for Finance at Department for Work and Pensions, having previously been Director General for Strategy, International and Finance at Defra. He previously worked as private secret ...
, a civil servant and Gordon Brown
James Gordon Brown (born 20 February 1951) is a British former politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. He previously served as Chance ...
's former private secretary and speech writer. The couple have homes in Leeds ( Bramley) and London. Reeves announced her first pregnancy on 20 September 2012, and gave birth to a daughter. She also gave birth to a son in 2015.
Rachel's younger sister Ellie
Ellie, or Elly, is a given name, usually feminine. The name stands on its own or can be a shortened form of any of the numerous female names beginning with the syllable El-, in particular Eleanor or Elizabeth and Elvira. It can also be a short ...
is the Labour MP for Lewisham West and Penge and is married to John Cryer
John Robert Cryer (born 11 April 1964) is a British Labour Party politician who has been the Member of Parliament (MP) for Leyton and Wanstead since the general election in May 2010. He was previously MP for Hornchurch from 1997 until his de ...
, Labour MP for Leyton and Wanstead
Leyton and Wanstead is a constituency created in 1997 and represented in the House of Commons of the UK Parliament since 2010 by John Cryer of the Labour Party.
Boundaries
Uniting for general elections areas from the boroughs of Redbridge ...
.
References
External links
*
*
Fabian Society
*
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, -
, -
, -
, -
{{DEFAULTSORT:Reeves, Rachel
1979 births
Living people
Alumni of New College, Oxford
Alumni of the London School of Economics
British economists
Female members of the Parliament of the United Kingdom for English constituencies
English civil servants
English political writers
Labour Party (UK) MPs for English constituencies
Labour Friends of Israel
Lloyds Banking Group people
Members of the Fabian Society
People from Lewisham
UK MPs 2010–2015
UK MPs 2015–2017
UK MPs 2017–2019
UK MPs 2019–present
British women economists
21st-century British women politicians
21st-century English women
21st-century English people
Shadow Chancellors of the Exchequer
Members of the Privy Council of the United Kingdom