A former Bank of England economist, Rachel Reeves was appointed as Britain's first female chancellor of the exchequer — equivalent to a finance minister — on Friday.
LONDON — Britain's new finance chief on Monday outlined a spate of measures to revitalize the U.K.'s languishing economic growth and address national housing shortages."I have repeatedly warned that whoever won the general election would inherit the worst set of circumstances since the Second World War.
Reeves added that she has instructed Treasury officials to provide an assessment on the state of British spending inherited from the previous Conservative administration, which she aims to present to Parliament before summer recess."First, we will reform the national planning policy framework, consulting on a new growth-focused approach to the planning system before the end of the month. Including restoring mandatory housing targets.
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