Rachel Reeves

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Rachel Jane Reeves (born 13 February 1979) is a British economist and Labour Party politician.

Since 2010, she has served as the Member of Parliament for Leeds West. Reeves served as Shadow Secretary of State for Work and Pensions from 2013, but after Jeremy Corbyn's aspiration as Prime Minister in 2015, she did not return to the Shadow Cabinet after she took maternity leave. Reeves was elected Chair of the Business, Energy, and Industrial Strategy Committee on July 12, 2017.

Personal life

Nicholas Joicey, a public servant and Gordon Brown's former private secretary and speech writer, has been married to Reeves. Both the couple and their families live in Leeds (Bramley) and London. On September 20, 2012, Reeves announced her first pregnancy and gave birth to a daughter. In 2015, she gave birth to her first son.

Ellie, Rachel's younger sister, is the Labour MP for Lewisham West and Penge, and she is married to John Cryer, Labour MP for Leyton and Wanstead.

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Early life and career

Graham and Sally Reeves of Lewisham, south-east London, were educated at Cator Park School for Girls in Bromley. She took the British Under-14 chess championship title in a tournament run by the now defunct British Women's Chess Association while attending school. She read Philosophy, Politics, and Economics at New College, Oxford (MA), receiving a 2.1 after sitting A-Levels in Politics, Economics, Mathematics, and Further Mathematics. She then earned a MSc in Economics from the London School of Economics. She served as an economist at the Bank of England and British Embassy in Washington, D.C., between 2000 and 2006. In 2006, Reeves went to Leeds to work for HBOS. She was once considered for a job at Goldman Sachs but had to leave early because the occupation may have made her "a lot more money."

Reeves cites her father's influence on her and her sister Ellie Reeves' socially democratic politics. She recalled how, when she was eight years old, her father, Graham, pointed out then-Labour Party leader Neil Kinnock on television and "told us that was who we voted for." "Both we knew we were Labour since then," Reeves claims. She joined the Labour Party at the age of sixteen.

Political career

At the 2005 general election, Reeves stood as the Labour Party's deputy in the safe seat of Bromley and Chislehurst, finishing second. Following the death of sitting Conservative Member of Parliament (MP) Eric Forth, she campaigned in the 2006 by-election, ending in fourth place, although the Lib Dems leapt to second. Labour's support fell from 10,241 votes to 1,925 in what Labour called a "humiliation" for Labour. The result was the worst for a governing party since 1991.

Reeves later sought nomination for the Leeds West seat in the 2010 general election, in the hopes of replacing John Battle, who had chosen not to return. She was chosen to challenge a seat on an all-women list of potential Labour Party candidates. On May 10, 2010, she was elected with a majority of 7,016 voters, a 5,794 decrease in the majority enjoyed by Battle. Reeves praised Battle's mission and promised to continue fighting for justice for the victims of the Armley asbestos crisis and their families in her first speech, delivered on June 8. She wondered whether the government would honor commitments made by the previous government to compensate victims of asbestos-related diseases with pleural plaques and introduce legislation making it possible to prosecute claims against insurers in a series of questions in Parliament.

Reeves voted for Ed Miliband in the Labour leadership after the 2010 election because she felt she was the most interested to hear what the voters were saying about where the party went wrong. Reeves was first elected to the Department for Enterprise, Innovation, and Skills Select Committee and then as Shadow Pensions Minister in October 2010. She protested the government's proposal to equalize state pensions for both men and women in her capacity as Shadow Pension Minister. In October 2011, she was promoted to the position of Shadow Chief Secretary to the Treasury.

Reeves, the two-year Shadow Secretary of State for Work and Pensions, wrote in 2013, and anyone unemployed for two years, or one year if under the age of 25 years old, will be required to work a guaranteed job or lose access to healthcare. Labour would be "tougher" than the Conservative Party in reducing the benefits bill, sparking controversy within the Labour Party. "We [Labour] don't want to be seen as," she said in early 2015, sparking more controversy when she said, "We [Labour] do not want to be seen as, and we are not, the party to represent those who are out of office."

Reeves did not return to the Shadow Cabinet after Jeremy Corbyn's reelection in 2015, and she continued to assist Owen Smith in the 2016 Labour Party leadership race. Reeves described her constituency as "like a tinderbox" that could explode if immigration were not restricted, and she would not have to fear if immigration was not restricted.

Reeves was appointed as Labour's Shadow Chancellor when Keir Starmer became Labour leader in 2020, with responsibility for Labour's reaction to Brexit and shadowing Michael Gove.

In a shadow cabinet reshuffle on May 20,21, Reeves was elevated to the position of Shadow Chancellor of Exchequer, replacing Anneliese Dodds.

If the Conservatives had suggested a 2p cut to the Income Tax basic rate in December 2021, Reeves said she would accept a 2p reduction to the Income Tax basic rate. She opposed the planned increase in National Insurance rates by 2.2 percent. According to Reeves, Labour was planning to replace industry rates with a new one that charged shops more effectively than larger online stores.

Reeves said in an interview with the Financial Times, a Starmer government will be pro-business and committed to fiscal discipline, hinting at her forthcoming address in Bury on improving the economy. With no unfunded election commitments, she said Britain saw Lost Decades of growth on a parody system, which she predicted a Labour government would reform fiscal laws and sever borrowing for day-to-day spending. This will allow government capital investment, which is above the current 3% of GDP per year, to grow. Labour will be both pro-worker and pro-business. Reeves were skeptical that Britain will return to the European Union or the single market in the next 50 years. She said she was opposed to the return of freedom of movement for employees between the United Kingdom and the EU.

Reeves also agreed that the Labour Party's declining membership was a good sign, because it was losing unwelcome supporters.

Ms. Laura Wakeford, a Tory MP who had recently departed from Labour in 2022, spoke more in her Bury address on January 2022: she added more detail to her proposal in her Bury address on January 2022:

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