The statement made by Rachel Reeves, the Chancellor of the Exchequer, on 20 July 2026.
It has been the privilege of my life to serve as the Chancellor of the Exchequer. The economy today is stronger, fairer and more resilient because of the choices we have taken as a Labour Government over the past two years.
Stability restored, investment delivered and reform to our economy under way. I said when I was appointed Chancellor that I would judge my time in office if the lives ordinary working class people have been improved.
Iām proud to say that they have. And to every young woman and girl let my time in office show there should be no ceilings on your ambitions, your hopes or your dreams. I wish the very best of luck to my successor, Andy and his cabinet.
You have my full support, and I will continue to play my part in helping this Labour government deliver the change the country needs.