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Britain’s new finance chief announces immediate growth measures, restores housing targets – NBC Los Angeles

  • 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.
  • Reeves said 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.

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. What I have seen in past 72 hours has only confirmed that,” newly minted Finance Minister Rachel Reeves said in her first major speech in the post on Monday, adding…

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