Reeves bets Britain will learn to love decade-defining budget

FILE PHOTO: Britain's Chancellor of the Exchequer Rachel Reeves chairs a meeting of the National Wealth Fund Taskforce at 11 Downing Street in London, Britain, July 9, 2024. JUSTIN TALLIS/Pool via REUTERS/File Photo

WASHINGTON: Rachel Reeves drew cheers from investors at a British Embassy reception in Washington this week as she notes that the budget she’ll deliver on Oct 30 will mark the first by a female Chancellor of the Exchequer in the 800-year history of the role.

It will also be a legacy-making moment that shapes British politics for the rest of the decade.