Rachel Reeves
@RachelReevesMP
Chancellor of the Exchequer 🇬🇧 | MP for Leeds West and Pudsey🌹| Former Bank of England economist
The UK & EU are turning the screw on the Kremlin’s war chest by stemming the most valuable funding stream of its illegal war. This step will target Russia’s oil revenues & ramp up the pressure on Putin by exploiting his biggest vulnerability while keeping energy markets stable.
The UK and our allies are striking at the heart of Russia's energy sector by lowering the Oil Price Cap. This will directly hit Putin's most critical revenue stream and drain his war chest. We will keep up economic pressure as we stand by Ukraine. gov.uk/government/new…
We are investing in Britain’s future. theguardian.com/business/2025/…
Only through rewiring the financial system can we boost investment and create the skilled jobs this country needs. Watch my speech from Mansion House this evening to find out more. x.com/i/broadcasts/1…
The partnership between the UK and the EU will reduce red tape and support businesses. I met today with European Commissioner Maria Luís Albuquerque to discuss how we can unlock the joint power of our financial sectors to fuel future growth.

The Leeds Reforms - named after one of our financial services' hubs and a city I'm proud to represent - will deliver the biggest package of reforms to financial services regulation in a decade. Kickstarting economic growth and putting more pounds in people's pockets.



Today, I have placed financial services at the heart of the government’s growth mission. Britain cannot succeed and meet its growth ambitions without a financial services sector that is fighting fit and thriving.
Our region has the biggest financial services sector in England outside of London. @RachelReevesMP's announcement is a major vote of confidence in the Northern Square Mile. West Yorkshire is the future of financial services in the UK. yorkshirepost.co.uk/news/politics/…
Labour is the party of home ownership. cityam.com/reeves-eyes-bo…
Our up to £1bn Better Futures Fund will help tackle the structural causes of poverty. Bringing together public funds with social impact investments, it will open up opportunities for training and work across the country. My interview with the @guardian theguardian.com/politics/2025/…
I got into politics to help children facing the toughest challenges. Today’s Better Futures Fund will give hundreds of thousands of children, young people and their families a better chance in life. theguardian.com/society/2025/j…
Having played chess at a young age, I know the transformational impact it can have on young people. That's why today we're allocating £1.5m to help identify, support, and elevate top-tier players who have the potential to compete at a global level.
Working side by side to deliver for working people.
Together, we are making the NHS fit for the future.

New childcare places, based in local schools, closer to where you live. Our rollout of school-based nurseries is on track to deliver over 4,000 places in September, giving parents more choice and ensuring every child gets the best start in life. Promise made. Promise kept.
Half a million more children getting free school meals and 100,000 lifted out of poverty. We are investing in the priorities of the British people.
We are home to some of the most innovative businesses in the world. Our Industrial Strategy will ensure they can thrive. That means more jobs, more opportunities, and more money in people's pockets.
Nicola is a single mother to three children. She works hard to provide for her family, and it is important to me that we help people like her with the cost of living. We are supporting millions more families with £150 off their energy bills and creating jobs for working people.
Last week I announced the biggest cash injection into social and affordable housing in 50 years Today we announced the National Housing Bank to unlock £53 billion private investment and turbocharge house building Labour is investing in Britain's renewal to make you better off
In April, we took decisive action to save British Steel from closure. Now, we're securing its future and protecting thousands of British jobs with a landmark deal to supply the tracks for Britain's railways. Our Plan for Change is backing British manufacturing to rebuild the…