UK finances worst since 1945 new chancellor

Rachel Reeves has accused the Conservatives of wrecking the economy during their 14 years in power

The UK's new Labour government has inherited the worst economy since the Second World War, the newly appointed chancellor of the exchequer, Rachel Reeves, has said. Reeves took charge of the country's finances after Labour won 412 of the 650 seats in the House of Commons in last week's general elect