The chancellor of the exchequer, often abbreviated to chancellor, is a senior

minister of the Crown Minister of the Crown is a formal constitutional term used in Commonwealth realms to describe a minister of the reigning sovereign or viceroy. The term indicates that the minister serves at His Majesty's pleasure, and advises the sovereign ...

within the

Government of the United Kingdom His Majesty's Government, abbreviated to HM Government or otherwise UK Government, is the central government, central executive authority of the United Kingdom of Great Britain and Northern Ireland.

, and the head of His Majesty's Treasury. As one of the four Great Offices of State, the chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always second lord of the Treasury as one of at least six lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was

Stanley Baldwin Stanley Baldwin, 1st Earl Baldwin of Bewdley (3 August 186714 December 1947), was a British statesman and Conservative politician who was prominent in the political leadership of the United Kingdom between the world wars. He was prime ministe ...

in 1923. Formerly, in cases when the chancellorship was vacant, the lord chief justice of the King's Bench would act as chancellor ''pro tempore''. The last lord chief justice to serve in this way was Lord Denman in 1834. The chancellor is the third-oldest major state office in English and

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories and Crown Dependencies. * British national identity, the characteristics of British people and culture ...

history, and in recent times has come to be the most powerful office in British politics after the prime minister. It originally carried responsibility for the

Exchequer In the Civil Service (United Kingdom), civil service of the United Kingdom, His Majesty's Exchequer, or just the Exchequer, is the accounting process of central government and the government's ''Transaction account, current account'' (i.e., mon ...

, the medieval English institution for the collection and auditing of royal revenues. The earliest surviving records which are the results of the exchequer's audit date from 1129 to 1130 under King Henry I and show continuity from previous years.Chrimes, ''Administrative History'', pp. 62–63. The chancellor has oversight of

fiscal policy In economics and political science, fiscal policy is the use of government revenue collection ( taxes or tax cuts) and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variab ...

, therefore of

taxation A tax is a mandatory financial charge or levy imposed on an individual or legal person, legal entity by a governmental organization to support government spending and public expenditures collectively or to Pigouvian tax, regulate and reduce nega ...

and public spending across government departments. It previously controlled

monetary policy Monetary policy is the policy adopted by the monetary authority of a nation to affect monetary and other financial conditions to accomplish broader objectives like high employment and price stability (normally interpreted as a low and stable rat ...

as well until 1997, when the

Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the Kingdom of England, English Government's banker and debt manager, and still one ...

was granted independent control of its interest rates. Since 1718, all chancellors of the exchequer, except at times the lord chief justice as interim holders, have been members of the House of Commons, with Lord Stanhope being the last chancellor from the

House of Lords The House of Lords is the upper house of the Parliament of the United Kingdom. Like the lower house, the House of Commons of the United Kingdom, House of Commons, it meets in the Palace of Westminster in London, England. One of the oldest ext ...

. The office holder works alongside the other Treasury ministers and the permanent secretary to the Treasury. The corresponding shadow minister is the shadow chancellor of the Exchequer, and the chancellor is also scrutinised by the Liberal Democrat Treasury spokesperson and the

Treasury Select Committee The House of Commons Treasury Committee (often referred to as the Treasury Select Committee) is a select committee of the House of Commons in the Parliament of the United Kingdom. The committee is responsible for examining and scrutinizing the ...

. The current chancellor is Rachel Reeves.

Second Lord of the Treasury

The holder of the office of chancellor of the exchequer is ''

ex officio An ''ex officio'' member is a member of a body (notably a board, committee, or council) who is part of it by virtue of holding another office. The term '' ex officio'' is Latin, meaning literally 'from the office', and the sense intended is 'by r ...

'' second lord of the Treasury as a member of the commission exercising the ancient office of treasurer of the exchequer. As second lord, her official residence is 11 Downing Street in London, next door to the residence of the

first lord of the Treasury The First Lord of the Treasury is the head of the Lords Commissioners of the Treasury exercising the ancient office of Lord High Treasurer in the United Kingdom. Traditional convention holds that the office of First Lord is held by the Prime Mi ...

(a title that has for many years been held by the

prime minister A prime minister or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. A prime minister is not the head of state, but r ...

), who resides in

10 Downing Street 10 Downing Street in London is the official residence and office of the Prime Minister of the United Kingdom, prime minister of the United Kingdom. Colloquially known as Number 10, the building is located in Downing Street, off Whitehall in th ...

. While in the past both houses were private residences, today they serve as interlinked offices, with the occupant living in an apartment made from attic rooms previously resided in by servants. Since 1827, the chancellor has always simultaneously held the office of second lord of the Treasury when that person has not also been the prime minister.

Roles and responsibilities

A previous chancellor, Robert Lowe, described the office in the following terms in the House of Commons, on 11 April 1870: "The Chancellor of the Exchequer is a man whose duties make him more or less of a taxing machine. He is entrusted with a certain amount of misery which it is his duty to distribute as fairly as he can."

Fiscal policy

The chancellor has considerable control over other departments as it is the Treasury that sets Departmental Expenditure Limits. The amount of power this gives to an individual chancellor depends on their personal forcefulness, their status within their party and their relationship with the prime minister.

Gordon Brown James Gordon Brown (born 20 February 1951) is a British politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party (UK), Leader of the Labour Party from 2007 to 2010. Previously, he was Chancellor of the Ex ...

, who became chancellor when Labour came into Government in 1997, had a large personal power base in the party. Perhaps as a result,

Tony Blair Sir Anthony Charles Lynton Blair (born 6 May 1953) is a British politician who served as Prime Minister of the United Kingdom from 1997 to 2007 and Leader of the Labour Party (UK), Leader of the Labour Party from 1994 to 2007. He was Leader ...

chose to keep him in the same position throughout his ten years as prime minister; making Brown an unusually dominant figure and the longest-serving chancellor since the

Reform Act 1832 The Representation of the People Act 1832 (also known as the Reform Act 1832, Great Reform Act or First Reform Act) was an act of the Parliament of the United Kingdom (indexed as 2 & 3 Will. 4. c. 45), enacted by the Whig government of Pri ...

. This has strengthened a pre-existing trend towards the chancellor occupying a clear second position among government ministers, elevated above their traditional peers, the foreign secretary and

home secretary The secretary of state for the Home Department, more commonly known as the home secretary, is a senior minister of the Crown in the Government of the United Kingdom and the head of the Home Office. The position is a Great Office of State, maki ...

. One part of the chancellor's key roles involves the framing of the annual year

budget A budget is a calculation plan, usually but not always financial plan, financial, for a defined accounting period, period, often one year or a month. A budget may include anticipated sales volumes and revenues, resource quantities including tim ...

. As of 2017, the first is the Autumn Budget, also known as Budget Day which forecasts government spending in the next financial year and also announces new financial measures. The second is a Spring Statement, also known as a "mini-Budget". Britain's

tax year A fiscal year (also known as a financial year, or sometimes budget year) is used in government accounting, which varies between countries, and for budget purposes. It is also used for financial reporting by businesses and other organizations. La ...

has retained the old Julian end of year: 24 March (Old Style) / 5 April (New Style, i.e. Gregorian). From 1993, the Budget was in spring, preceded by an annual autumn statement. This was then called Pre-Budget Report. The Autumn Statement usually took place in November or December. The 1997, 2001, 2002, 2003, 2006,

2007 2007 was designated as the International Heliophysical Year and the International Polar Year. Events January * January 1 **Bulgaria and Romania 2007 enlargement of the European Union, join the European Union, while Slovenia joins the Eur ...

2008 2008 was designated as: *International Year of Languages *International Year of Planet Earth *International Year of the Potato *International Year of Sanitation The Great Recession, a worldwide recession which began in 2007, continued throu ...

2012 2012 was designated as: *International Year of Cooperatives *International Year of Sustainable Energy for All Events January *January 4 – The Cicada 3301 internet hunt begins. * January 12 – Peaceful protests begin in the R ...

and 2016 budgets were all delivered on a Wednesday, summarised in a speech to the

House of Commons The House of Commons is the name for the elected lower house of the Bicameralism, bicameral parliaments of the United Kingdom and Canada. In both of these countries, the Commons holds much more legislative power than the nominally upper house of ...

. The budget is a state secret until the chancellor reveals it in the speech given to Parliament.

Hugh Dalton Edward Hugh John Neale Dalton, Baron Dalton, (16 August 1887 – 13 February 1962) was a British Labour Party (UK), Labour Party economist and politician who served as Chancellor of the Exchequer from 1945 to 1947. He shaped Labour Party foreig ...

, on his way to giving the budget speech in 1947, inadvertently blurted out key details to a newspaper reporter, and they appeared in print before he made his speech. Dalton was forced to resign.

Monetary policy

Although the

is responsible for setting interest rates, the chancellor also plays an important part in the monetary policy structure. They set the inflation target which the Bank must set interest rates to meet. Under the Bank of England Act 1998 the chancellor has the power of appointment of four out of nine members of the Bank's Monetary Policy Committee – the so-called 'external' members. They also have a high level of influence over the appointment of the Bank's Governor and Deputy Governors, and has the right of consultation over the appointment of the two remaining MPC members from within the Bank. The Act also provides that the Government has the power to give instructions to the Bank on interest rates for a limited period in extreme circumstances. This power has never been officially used.

Ministerial arrangements

HM Treasury His Majesty's Treasury (HM Treasury or HMT), and informally referred to as the Treasury, is the Government of the United Kingdom’s economic and finance ministry. The Treasury is responsible for public spending, financial services policy, Tax ...

the chancellor is supported by a political team of four junior ministers and by permanent

civil servants The civil service is a collective term for a sector of government composed mainly of career civil service personnel hired rather than elected, whose institutional tenure typically survives transitions of political leadership. A civil service offic ...

. The most important junior minister is the

chief secretary to the Treasury The Chief Secretary to the Treasury is a senior ministerial office in the government of the United Kingdom and is the second most senior ministerial office in HM Treasury, after the Chancellor of the Exchequer. The office holder is always a full ...

, a member of the Cabinet, to whom the negotiations with other government departments on the details of government spending are delegated, followed by the

paymaster general His Majesty's Paymaster General or HM Paymaster General is a ministerial position in the Cabinet Office of the United Kingdom. The position is currently held by Nick Thomas-Symonds of the Labour Party (UK), Labour Party. History The post was ...

, the

financial secretary to the Treasury The Financial Secretary to the Treasury is a mid-level ministerial post in HM Treasury. It is nominally the fifth most significant ministerial role within the Treasury after the first lord of the Treasury, the chancellor of the Exchequer, the ch ...

and the

economic secretary to the Treasury The Economic Secretary to the Treasury is a junior ministerial post in HM Treasury, His Majesty's Treasury, ranked below the First Lord of the Treasury, the Chancellor of the Exchequer, the Chief Secretary to the Treasury, the Paymaster General a ...

. Whilst not continuously in use, there can also be appointed a commercial secretary to the Treasury and an exchequer secretary to the Treasury. Two other officials are given the title of a secretary to the Treasury, although neither is a government minister in the Treasury: the parliamentary secretary to the Treasury is the Government Chief Whip in the

; the permanent secretary to the Treasury is not a minister but the senior civil servant in the Treasury. The chancellor is obliged to be a member of the Privy Council, and thus is styled the

Right Honourable ''The Right Honourable'' (abbreviation: The Rt Hon. or variations) is an honorific style traditionally applied to certain persons and collective bodies in the United Kingdom, the former British Empire, and the Commonwealth of Nations. The term is ...

(Rt. Hon.). Because the

is excluded from financial matters by tradition confirmed by the Parliament Acts, the office is effectively limited to members of the House of Commons; apart from the occasions when the lord chief justice of the King's Bench has acted as interim Chancellor. The last peer to hold the office was Henry Booth, 2nd Baron Delamer (created Earl of Warrington shortly after leaving office) from 9 April 1689 to 18 March 1690. The chancellor holds the formerly independent office of Master of the Mint as a subsidiary office.

Perquisites of the office

Official residence

The chancellor of the Exchequer has no official London residence as such but since 1828 in their role as Second Lord of the Treasury they live in the second lord's official residence, No. 11 Downing Street. In 1997, the then first and second Lords,

and

respectively, swapped apartments, as the chancellor's larger apartment in No. 11 better accommodated Blair's substantial family (besides himself and his wife, he had three children under 18 upon taking office, and a fourth was born in 2000); meanwhile, Brown was then unmarried and had no children.

Dorneywood

Dorneywood is the summer residence that is traditionally made available to the chancellor, though it is the prime minister who ultimately decides who may use it.

, on becoming chancellor in 1997, refused to use it and the house, which is set in of parkland, was allocated to

Deputy Prime Minister A deputy prime minister or vice prime minister is, in some countries, a Minister (government), government minister who can take the position of acting prime minister when the prime minister is temporarily absent. The position is often likened to th ...

John Prescott. In 2007, it reverted to the then-chancellor,

Alistair Darling Alistair Maclean Darling, Baron Darling of Roulanish, (28 November 1953 – 30 November 2023) was a British politician who served as Chancellor of the Exchequer under prime minister Gordon Brown from 2007 to 2010. A member of the Labour Party ...

Budget box

The chancellor traditionally carries their budget speech to the House of Commons in a particular red despatch box. The so-called 'Budget Box' is identical to the cases used by all other government ministers (known as ministerial boxes or "despatch boxes") to transport their official papers, but is better known because the chancellor traditionally displays the box, containing the budget speech, to the press before leaving 11 Downing Street for the House of Commons. The original budget box was first used by

William Ewart Gladstone William Ewart Gladstone ( ; 29 December 1809 – 19 May 1898) was a British politican, starting as Conservative MP for Newark and later becoming the leader of the Liberal Party (UK), Liberal Party. In a career lasting over 60 years, he ...

in 1853 and continued in use until 1965 when

James Callaghan Leonard James Callaghan, Baron Callaghan of Cardiff ( ; 27 March 191226 March 2005) was a British statesman and Labour Party (UK), Labour Party politician who served as Prime Minister of the United Kingdom from 1976 to 1979 and Leader of the L ...

was the first chancellor to break with tradition when he used a newer box. Prior to Gladstone, a generic red despatch box of varying design and specification was used. The practice is said to have begun in the late 16th century, when Queen

Elizabeth I Elizabeth I (7 September 153324 March 1603) was List of English monarchs, Queen of England and List of Irish monarchs, Ireland from 17 November 1558 until her death in 1603. She was the last and longest reigning monarch of the House of Tudo ...

's representative Francis Throckmorton presented the Spanish Ambassador, Bernardino de Mendoza, with a specially constructed red briefcase filled with black puddings. In July 1997, Gordon Brown became the second chancellor to use a new box for the Budget. Made by industrial trainees at Babcock Rosyth Defence Ltd ship and submarine dockyard in Fife, the new box is made of yellow pine, with a brass handle and lock, covered in scarlet leather and embossed with the Royal cypher and crest and the chancellor's title. In his first Budget, in March 2008, Alistair Darling reverted to using the original budget box and his successor, George Osborne, continued this tradition for his first budget, before announcing that it would be retired due to its fragile condition. The key to the original budget box has been lost.

Budget tipple

By tradition, the chancellor has been allowed to drink whatever they wish while making the annual budget speech to Parliament. This includes alcohol, which is otherwise banned under parliamentary rules. Previous chancellors have opted for whisky (

Kenneth Clarke Kenneth Harry Clarke, Baron Clarke of Nottingham (born 2 July 1940) is a British politician who served as Home Secretary from 1992 to 1993 and Chancellor of the Exchequer from 1993 to 1997. A member of the Conservative Party (UK), Conservative ...

), gin and tonic ( Geoffrey Howe), brandy and water (

Benjamin Disraeli Benjamin Disraeli, 1st Earl of Beaconsfield (21 December 1804 – 19 April 1881) was a British statesman, Conservative Party (UK), Conservative politician and writer who twice served as Prime Minister of the United Kingdom. He played a ...

and

John Major Sir John Major (born 29 March 1943) is a British retired politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party (UK), Leader of the Conservative Party from 1990 to 1997. Following his defeat to Ton ...

), spritzer ( Nigel Lawson) and sherry and beaten egg ( William Gladstone). The chancellors after Clarke, Philip Hammond, George Osborne,

and

, opted for water. In fact Darling drank what was named "Standard Water" in reference to, and support of, the London ''Evening Standard'' newspaper's campaign to have plain tap water available in restaurants at no charge to customers.

Robe of office

The chancellor, as Master of the Mint, has a robe of office, similar to that of the lord chancellor (as seen in several of the portraits depicted below). In recent times, it has only regularly been worn at coronations, but some chancellors (at least until the 1990s) have also worn it when attending the Trial of the Pyx as Master of the Mint. According to George Osborne, the robe (dating from Gladstone's time in office, and worn by the likes of Lloyd George and Churchill) 'went missing' during Gordon Brown's time as chancellor.

List of chancellors of the exchequer

England ( – )

: Died in office.

England ( – 1708)

Great Britain (1708–1817)

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, rowspan=2 , 29 June 1895 , rowspan=2 , 11 August 1902 , rowspan=2 ,

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, - style="height:1em" , style="background-color:; border-top:none" , ! scope=row style="text-align:center" rowspan=5 ,

Edward VII Edward VII (Albert Edward; 9 November 1841 – 6 May 1910) was King of the United Kingdom and the British Dominions, and Emperor of India, from 22 January 1901 until Death and state funeral of Edward VII, his death in 1910. The second child ...

, - style="height:1em" , style="background-color:" , , , Charles Ritchie
, 11 August 1902 , 9 October 1903 , ,

, rowspan=2 , Balfour , - style="height:1em" , style="background-color:" , , Austen Chamberlain MP

, Austen Chamberlain
, 9 October 1903 , 4 December 1905 , , Liberal Unionist , - style="height:1em" , style="background-color:" , , H H Asquith 1908

, Herbert Henry Asquith
, 10 December 1905 , 16 April 1908 , , Liberal , , Campbell-Bannerman , - style="height:1em" , style="background-color:; border-bottom:none" , , rowspan=2 , David Lloyd George 1911

, rowspan=2 ,

David Lloyd George David Lloyd George, 1st Earl Lloyd-George of Dwyfor (17 January 1863 – 26 March 1945) was Prime Minister of the United Kingdom from 1916 to 1922. A Liberal Party (United Kingdom), Liberal Party politician from Wales, he was known for leadi ...

, rowspan=2 , 16 April 1908 , rowspan=2 , 25 May 1915 , rowspan=2 , Liberal , rowspan=2 , Asquith
, - style="height:1em" , style="background-color:; border-top:none" , ! scope=row style="text-align:center" rowspan=14 ,

George V George V (George Frederick Ernest Albert; 3 June 1865 – 20 January 1936) was King of the United Kingdom and the British Dominions, and Emperor of India, from 6 May 1910 until Death and state funeral of George V, his death in 1936. George w ...

, - style="height:1em" , style="background-color:" , , , Reginald McKenna
, 25 May 1915 , 10 December 1916 , , Liberal , , Asquith Coalition
, - style="height:1em" , style="background-color:" , , ,

Bonar Law Andrew Bonar Law (; 16 September 1858 – 30 October 1923) was a British statesman and politician who was Prime Minister of the United Kingdom from October 1922 to May 1923. Law was born in the British colony of New Brunswick (now a Canadi ...

} , 10 December 1916 , 10 January 1919 , ,

, rowspan=3 , Lloyd George
, - style="height:1em" , style="background-color:" , , Austen Chamberlain MP

, Austen Chamberlain
, 10 January 1919 , 1 April 1921 , ,

, - style="height:1em" , style="background-color:" , , Viscount Horne

, Robert Horne
, 1 April 1921 , 19 October 1922 , ,

, - style="height:1em" , style="background-color:; border:none" , , rowspan=2 , , rowspan=2 ,

, rowspan=2 , 27 October 1922 , rowspan=2 , 27 August 1923 , rowspan=2 ,

, ,

Law Law is a set of rules that are created and are enforceable by social or governmental institutions to regulate behavior, with its precise definition a matter of longstanding debate. It has been variously described as a science and as the ar ...

, - style="height:1em" , style="background-color:; border:none" , , rowspan=2 , Baldwin I , - style="height:1em" , style="background-color:" , , Chamberlain Neville

Neville Chamberlain Arthur Neville Chamberlain (; 18 March 18699 November 1940) was a British politician who served as Prime Minister of the United Kingdom from May 1937 to May 1940 and Leader of the Conservative Party (UK), Leader of the Conservative Party from ...

, 27 August 1923 , 22 January 1924 , ,

, - style="height:1em" , style="background-color:" , , Lord Snowden

, Philip Snowden
, 22 January 1924 , 3 November 1924 , , Labour , , MacDonald I , - style="height:1em" , style="background-color:" , , Winston Churchill cph

Winston Churchill Sir Winston Leonard Spencer Churchill (30 November 1874 – 24 January 1965) was a British statesman, military officer, and writer who was Prime Minister of the United Kingdom from 1940 to 1945 (Winston Churchill in the Second World War, ...

, 6 November 1924 , 4 June 1929 , ,

, , Baldwin II , - style="height:1em" , style="background-color:" , , rowspan=2 , Lord Snowden

, rowspan=2 , Philip Snowden
, rowspan=2 , 7 June 1929 , rowspan=2 , 5 November 1931 , , Labour , , MacDonald II , - style="height:1em" , style="background-color:" , , , National Labour , , National I
, - style="height:1em" , style="background-color:; border: none" , , rowspan=4 , Chamberlain Neville

, rowspan=4 ,

, rowspan=4 , 5 November 1931 , rowspan=4 , 28 May 1937 , rowspan=4 ,

, , National II , - style="height:1em" , style="background-color:; border: none" , , rowspan=3 , National III
, - style="height:1em" , style="background-color:; border: none" , ! scope=row style="text-align:center" ,

Edward VIII Edward VIII (Edward Albert Christian George Andrew Patrick David; 23 June 1894 – 28 May 1972), later known as the Duke of Windsor, was King of the United Kingdom and the Dominions of the British Empire, and Emperor of India, from 20 January ...

, - style="height:1em" , style="background-color:; border: none" , ! scope=row style="text-align:center" rowspan=10 ,

George VI George VI (Albert Frederick Arthur George; 14 December 1895 – 6 February 1952) was King of the United Kingdom and the Dominions of the British Commonwealth from 11 December 1936 until Death and state funeral of George VI, his death in 1952 ...

, - style="height:1em" , rowspan=2 style="background-color:" , , rowspan=2 , Viscount Simon

, rowspan=2 , John Simon
, rowspan=2 , 28 May 1937 , rowspan=2 , 12 May 1940 , rowspan=2 , Liberal National , , National IV , - style="height:1em" , , Chamberlain War , - style="height:1em" , style="background-color:" , , Kinglsey Wood

, Kingsley Wood
, 12 May 1940 , 21 September 1943 , ,

, rowspan=2 , Churchill War
, - style="height:1em" , style="background-color:; border:none" , , rowspan=2 , , rowspan=2 , John Anderson
, rowspan=2 , 24 September 1943 , rowspan=2 , 26 July 1945 , rowspan=2 ,

Independent Independent or Independents may refer to: Arts, entertainment, and media Artist groups * Independents (artist group), a group of modernist painters based in Pennsylvania, United States * Independentes (English: Independents), a Portuguese artist ...

, - style="height:1em" , style="background-color:; border:none" , , , Churchill Caretaker
, - style="height:1em" , style="background-color:" , ,

, 27 July 1945 , 13 November 1947 , , Labour , rowspan=3 , Attlee
, - style="height:1em" , style="background-color:" , , Stafford Cripps 1947

Stafford Cripps Sir Richard Stafford Cripps (24 April 1889 – 21 April 1952) was a British Labour Party (UK), Labour Party politician, barrister, and diplomat. A wealthy lawyer by background, Cripps first entered Parliament at a 1931 Bristol East by-election ...

} , 13 November 1947 , 19 October 1950 , , Labour , - style="height:1em" , style="background-color:" , , Hugh Gaitskell MP

Hugh Gaitskell Hugh Todd Naylor Gaitskell (9 April 1906 – 18 January 1963) was a British politician who was Leader of the Labour Party (UK), Leader of the Labour Party and Leader of the Opposition (United Kingdom), Leader of the Opposition from 1955 until ...

, 19 October 1950 , 26 October 1951 , , Labour , - style="height:1em" , height=20 style="background-color: ; border-bottom:none" , , rowspan=3 , Richard-Austen-Rab-Butler-1st-Baron-Butler-of-Saffron-Walden

Richard-Austen-Rab-Butler-1st-Baron-Butler-of-Saffron-Walden

, rowspan=3 , Richard Austen Butler
, rowspan=3 , 26 October 1951 , rowspan=3 , 20 December 1955 , rowspan=3 ,

, rowspan=2 , Churchill III , - style="height:1em" , height=20 style="background-color: ; border:none" , ! scope=row style="text-align:center" rowspan=32 ,

Elizabeth II Elizabeth II (Elizabeth Alexandra Mary; 21 April 19268 September 2022) was Queen of the United Kingdom and other Commonwealth realms from 6 February 1952 until Death and state funeral of Elizabeth II, her death in 2022. ...

, - style="height:1em" , height=20 style="background-color: ; border-top:none" , , rowspan=2 , Eden , - style="height:1em" , style="background-color:" , , Harold Macmillan in 1942

Harold Macmillan Maurice Harold Macmillan, 1st Earl of Stockton (10 February 1894 – 29 December 1986), was a British statesman and Conservative Party (UK), Conservative politician who was Prime Minister of the United Kingdom from 1957 to 1963. Nickn ...

, 20 December 1955 , 13 January 1957 , ,

, - style="height:1em" , style="background-color:" , , Peter Thorneycroft cropped

, Peter Thorneycroft
, 13 January 1957 , 6 January 1958 , ,

, rowspan=4 , Macmillan
, - style="height:1em" , style="background-color:" , ,

, Derick Heathcoat-Amory
, 6 January 1958 , 27 July 1960 , ,

, - style="height:1em" , style="background-color:" , , SelwynLloyd1960

, Selwyn Lloyd
, 27 July 1960 , 13 July 1962 , ,

, - style="height:1em" , style="background-color:; border:none" , , rowspan=2 , , rowspan=2 , Reginald Maudling
, rowspan=2 , 16 July 1962 , rowspan=2 , 16 October 1964 , rowspan=2 ,

, - style="height:1em" , style="background-color:; border:none" , , , Douglas-Home , - style="height:1em" , style="background-color:" , , ,

, 17 October 1964 , 29 November 1967 , , Labour , rowspan=2 , Wilson
, - style="height:1em" , style="background-color:" , , Roy Jenkins 1977b

Roy Jenkins Roy Harris Jenkins, Baron Jenkins of Hillhead (11 November 1920 – 5 January 2003) was a British politician and writer who served as the sixth President of the European Commission from 1977 to 1981. At various times a Member of Parliamen ...

, 29 November 1967 , 19 June 1970 , , Labour , - style="height:1em" , style="background-color:" , , The National Archives UK - CO 1069-166-17 Macleod crop

Iain Macleod Iain Norman Macleod (11 November 1913 – 20 July 1970) was a British Conservative Party (UK), Conservative Party politician. A playboy and professional Contract bridge, bridge player in his twenties, after war service Macleod worked for the ...

, 20 June 1970 , 20 July 1970 , ,

, rowspan=2 , Heath , - style="height:1em" , style="background-color:" , , , Anthony Barber
, 25 July 1970 , 4 March 1974 , ,

, - style="height:1em" , rowspan=2 style="background-color:" , , rowspan=2 ,

, rowspan=2 , Denis Healey
, rowspan=2 , 5 March 1974 , rowspan=2 , 4 May 1979 , rowspan=2 , Labour , , Wilson
, - style="height:1em" , , Callaghan , - style="height:1em" , style="background-color:" , , , Geoffrey Howe
, 4 May 1979 , 11 June 1983 , ,

, , Thatcher I , - style="height:1em" , style="background-color:; border:none" , , rowspan=2 , Official portrait of Lord Lawson of Blaby crop 2

, rowspan=2 , Nigel Lawson
, rowspan=2 , 11 June 1983 , rowspan=2 , 26 October 1989 , rowspan=2 ,

, , Thatcher II , - style="height:1em" , style="background-color:; border:none" , , rowspan=2 , Thatcher III , - style="height:1em" , style="background-color:" , , ,

, 26 October 1989 , 28 November 1990 , ,

, - style="height:1em" , style="background-color:; border:none" , , rowspan=2 , Official portrait of Lord Lamont of Lerwick 2020 crop 2

, rowspan=2 , Norman Lamont
, rowspan=2 , 28 November 1990 , rowspan=2 , 27 May 1993 , rowspan=2 ,

, , Major I , - style="height:1em" , style="background-color:; border:none" , , rowspan=2 , Major II , - style="height:1em" , style="background-color:" , ,

, 27 May 1993 , 2 May 1997 , ,

, - style="height:1em" , style="background-color:" , , Chancellor Gordon Brown official portrait

} , 2 May 1997 , 27 June 2007 , , Labour , , Blair
, - style="height:1em" , style="background-color:" , , Alistair Darling official portrait

, 28 June 2007 , 11 May 2010 , , Labour , ,

Brown Brown is a color. It can be considered a composite color, but it is mainly a darker shade of orange. In the CMYK color model used in printing and painting, brown is usually made by combining the colors Orange (colour), orange and black. In the ...

, - style="height:1em" , rowspan=2 style="background-color:" , , rowspan=2 , George Osborne HM Treasury

, rowspan=2 , George Osborne
, rowspan=2 , 11 May 2010 , rowspan=2 , 13 July 2016 , rowspan=2 ,

, , Cameron–Clegg
, - style="height:1em" , , Cameron II , - style="height:1em" , rowspan=2 style="background-color:" , , rowspan=2 , Official portrait of Mr Philip Hammond crop 2

Official portrait of Mr Philip Hammond crop 2

, rowspan=2 , Philip Hammond
, rowspan=2 , 13 July 2016 , rowspan=2 , 24 July 2019 , rowspan=2 ,

, , May I , - style="height:1em" , , May II , - style="height:1em" , style="background-color:; border:none" , , rowspan=2 , , rowspan=2 ,

Sajid Javid Sir Sajid Javid (; born 5 December 1969) is a British former politician who served as Secretary of State for Health and Social Care from June 2021 to July 2022, having previously served as Home Secretary from 2018 to 2019 and Chancellor of the ...

, rowspan=2 , 24 July 2019 , rowspan=2 , 13 February 2020 , rowspan=2 ,

, , Johnson I , - style="height:1em" , style="background-color:; border:none" , , rowspan=3 , Johnson II , - style="height:1em" , style="background-color:" , , ,

Rishi Sunak Rishi Sunak (born 12 May 1980) is a British politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party (UK), Leader of the Conservative Party from 2022 to 2024. Following his defeat to Keir Starmer's La ...

, 13 February 2020 , 5 July 2022 , ,

, - style="height:1em" , style="background-color:" , , , Nadhim Zahawi
, 5 July 2022 , 6 September 2022 , ,

, - style="height:1em" , style="background-color: ; border: none" , , rowspan=2 , , rowspan=2 , Kwasi Kwarteng
, rowspan=2 , 6 September 2022 , rowspan=2 , 14 October 2022 , rowspan=2 ,

, rowspan=3 ,

Truss A truss is an assembly of ''members'' such as Beam (structure), beams, connected by ''nodes'', that creates a rigid structure. In engineering, a truss is a structure that "consists of two-force members only, where the members are organized so ...

, - style="height:1em" , style="background-color: ; border: none" , ! rowspan=4 scope=row style="text-align:Center" ,

Charles III Charles III (Charles Philip Arthur George; born 14 November 1948) is King of the United Kingdom and the 14 other Commonwealth realms. Charles was born at Buckingham Palace during the reign of his maternal grandfather, King George VI, and ...

, - style="height:1em" , style="background-color: ; border: none" , , rowspan=2 , , rowspan=2 , Jeremy Hunt
, rowspan=2 , 14 October 2022 , rowspan=2 , 5 July 2024 , rowspan=2 ,

, - style="height:1em" , style="background-color:; border:none" , , rowspan=1 , Sunak , - style="height:1em" , style="background-color: " , , , Rachel Reeves
, 5 July 2024 , Incumbent , , Labour , , Starmer

Timeline

1817–present

Notes

References

External links

* {{DEFAULTSORT:Chancellor Of The Exchequer Ceremonial officers in the United Kingdom

Chancellors of the Exchequer The chancellor of the exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and the head of HM Treasury, His Majesty's Treasury. As one of the four Great Offices of State, t ...

Exchequer offices

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

Lists of government ministers of the United Kingdom Ministerial offices in the United Kingdom

Second Lord of the Treasury

Roles and responsibilities

Fiscal policy

Monetary policy

Ministerial arrangements

Perquisites of the office

Official residence

Dorneywood

Budget box

Budget tipple

Robe of office

List of chancellors of the exchequer

England ( – )

England ( – 1708)

Great Britain (1708–1817)

United Kingdom (1817–present)

Timeline

1817–present

See also

Notes

References

Further reading

External links