This marks a significant milestone, as she is the first female Chancellor since the role's inception in 1221.

Reeves, who joined the Labour Party at age 16 and became MP for Leeds West in 2010, is expected to present a budget that reflects her commitment to working people.

Concerns have been raised regarding whether a 4% increase in NHS funding will adequately address waiting lists amid a significant pay deal for doctors.

Rachel Reeves is poised to make history as the first woman Chancellor of the Exchequer, delivering the Labour Party's first budget in 14 years.

Trade union leaders are demanding significant public sector pay raises, which could complicate Reeves' budgetary goals.

As a working mother, Reeves has spoken about the challenges of balancing her professional and family life, adding a personal dimension to her role as Chancellor.

Reeves aims to prioritize economic growth through substantial investment while rejecting austerity measures.

She has assured the public that there will be no increased taxes on incomes, aligning with Labour's manifesto commitments.

The budget is anticipated to include record tax rises and tough choices aimed at addressing a £40 billion gap in spending plans.

She attributes the current financial challenges to the previous Conservative government's fiscal policies.

Despite the difficult decisions ahead, Reeves expresses a strong belief in Britain's potential for recovery and growth.

Her decision to avoid serving in Jeremy Corbyn's Shadow Cabinet reflects her preference for moderate politics, which may influence her budget approach.