Rachel Reeves Goes for Growth as UK's First Female Chancellor [BNN Bloomberg (Canada)]
Goldman Sachs Group, Inc. (The) (GS)
Last goldman sachs group, inc. (the) earnings: 4/15 07:30 am
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Source: BNN Bloomberg
Growing up in south London in Margaret Thatcher's Britain of the 1980s, the state-educated girl who would rise to become the nation's finance minister took pride in beating all-comers — mostly boys who went to fee-paying schools — in local chess tournaments. “There was a lot of snobbery,” she recalled years later. “I was just as good as them and I was going to prove it.” It's that drive that has taken Reeves, 45, from a comprehensive school in Beckenham to 11 Downing St. as the first woman to take charge of Britain's finances following the Labour Party's landslide win in Thursday's general election. She inherits from the outgoing Conservatives an economy with sluggish growth, debt at near 100% of gross domestic product and the highest tax burden in 70 years. “I am under no illusions about the scale of the challenge that I will inherit,” Reeves told the BBC in an interview shortly after the election campaign began. “We have to make difficult decisions.” The new occupant of No.
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- 7/5/24 - Form 424B2
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