(FILES) Britain's new Chancellor of the Exchequer Rachel Reeves leaves 11 Downing Street in London on July 5, 2024 as cabinet appointments are made, a day after Britain held a general election. Britain's Finance minister Rachel Reeves, who will present the budget to parliament, has promised "iron discipline" over public finances. The highly-anticipated fiscal update -- the first under the centre-left government after 14 years of Conservative rule -- is crucial to Starmer's mission of firing up Britain's sluggish economy. (Photo by Paul ELLIS / AFP) (Photo by PAUL ELLIS/AFP via Getty Images)