The Labour finance minister has presided over a remarkably City-friendly portfolio, with red-tape cutting for banks, insurers and beyond.
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Financial Services UK
The Labour finance minister has presided over a remarkably City-friendly portfolio, with red-tape cutting for banks, insurers and beyond.
Britain's Chancellor of the Exchequer Rachel Reeves leaves No. 11 Downing St. in central London on March 3, 2026. | Justin Tallis/AFP via Getty Images
July 15, 2026
Rachel Reeves last night made what is surely her final Mansion House speech to the business bigwigs, obscure liverymen and…
The chancellor can claim a few ‘sizeable’ achievements, but will largely be remembered for ‘breaking promises and making Brits…
Reeves’ bid to remain chancellor comes after reports that Andy Burnham, who’s likely to become prime minister, would demote her.
Britain's Finance Minister Rachel Reeves defended her economic record ahead of an expected Labour leadership transition, while…
Rachel Reeves said: "“I backed Andy in 2015 as leader of our party, and I've known him for more than a decade and a half."
Downing Street denies Rachel Reeves' resignation as UK finance minister. Wes Streeting as next Chancellor in 2026 at 50% YES.
Global Market: UK's Rachel Reeves defends fiscal record ahead of leadership change; investors eye policy continuity
