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Chancellor of the Exchequer
  (Redirected from Second Lord of the Treasury)
Not to be confused with Chancellor of the Exchequer of Ireland, Lord Chancellor, Chancellor of the Duchy of Lancaster, Chancellor of the High Court, or Chief Baron of the Exchequer.
The chancellor of the Exchequer,[a] often abbreviated to the chancellor,[1] is a high-ranking minister of the Crown within the Government of the United Kingdom, and head of Her Majesty's Treasury. As one of the four Great Offices of State, the chancellor is a senior member of the British Cabinet.
Chancellor and Under-Treasurer
of HM Exchequer

Royal Arms of HM Government
Incumbent
Rishi Sunak
since 13 February 2020
Her Majesty's Treasury
StyleChancellor
(informal)
The Right Honourable
(UK and the Commonwealth)
StatusGreat Office of State
Member ofCabinet
Privy Council
National Security Council
Reports toThe Prime Minister
Residence11 Downing Street
SeatWestminster
AppointerThe Crown
on advice of the Prime Minister
Term lengthAt Her Majesty's pleasure
Formation22 June 1316
First holderHervey de Stanton
in the Kingdom of England only
DeputyChief Secretary to the Treasury
Salary£71,090 (excluding £81,932 salary as Member of Parliament (MP))
Websitewww​.gov​.uk​/government​/ministers​/chancellor-of-the-exchequer
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 Lord High Treasurer – 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 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.[2] 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 history, and in recent times has come to be the most powerful office in British politics after the prime minister. They originally carried responsibility for the Exchequer, 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 1129–30 under King Henry I and show continuity from previous years.[3] The chancellor has oversight of fiscal policy, therefore of taxation and public spending across Government departments. It previously controlled monetary policy as well until 1997, when the Bank of England was granted independent control of its interest rates.
Second Lord of the Treasury
The holder of the office of Chancellor of the Exchequer is ex officio Second Lord of the Treasury as a member of the commission exercising the ancient office of Lord High Treasurer.[4] As Second Lord, his official residence is 11 Downing Street in London, next door to the residence of the first lord of the Treasury (a title that has for many years been held by the prime minister), who resides in 10 Downing Street. 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 which sets Departmental Expenditure Limits. The amount of power this gives to an individual chancellor depends on his personal forcefulness, his status within his party and his relationship with the prime minister. Gordon Brown, 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 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 of 1832.[5] This has strengthened a pre-existing trend towards the chancellor occupying a clear second position among government ministers, elevated above his traditional peers, the foreign secretary and home secretary.
One part of the chancellor's key roles involves the framing of the annual year budget. 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 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, 2008, 2012 and 2016 budgets were all delivered on a Wednesday, summarised in a speech to the House of Commons.
The budget is a state secret until the chancellor reveals it in his speech to Parliament. Hugh Dalton, 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 actually forced to resign.[6]
Monetary policy
Although the Bank of England is responsible for setting interest rates, the chancellor also plays an important part in the monetary policy structure. He sets 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. He also has 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.[7] 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
At HM Treasury the chancellor is supported by a political team of four junior ministers and by permanent civil servants. The most important junior minister is the chief secretary to the Treasury, 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, the financial secretary to the Treasury and the economic secretary to the Treasury. 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 House of Commons; 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 (Rt. Hon.). Because the House of Lords 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 these occasions (see above) 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, 1st Earl of Warrington (at that time only a Baron, Lord Delamer) from 9 April 1689 to 18 March 1690. The chancellor holds the formerly independent office of Master of the Mint as a subsidiary office.[8]
Perquisites of the office
Official residence
The chancellor of the Exchequer has no official London residence as such but since 1828 in his role as Second Lord of the Treasury he lives in the second lord's official residence, No. 11 Downing Street.[9] In 1997, the then first and second Lords, Tony Blair and Gordon Brown respectively, swapped apartments, as the Chancellor's apartment in No. 11 was bigger and thus better suited to the needs of Blair (who had children living with him, including one born during his tenure) than Brown who was at that stage unmarried.
Dorneywood
Main article: 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. Gordon Brown, on becoming chancellor in 1997, refused to use it and the house, which is set in 215 acres (87 ha)[10] of parkland, was allocated to Deputy Prime Minister John Prescott. It reverted to the chancellor in 2007, then Alistair Darling.[11]
Budget box
Budget box or Gladstone box, c. 1860
The chancellor traditionally carries his Budget speech to the House of Commons in a particular red Despatch Box. The chancellor's red briefcase is identical to the briefcases 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 briefcase, containing the Budget speech, to the press in the morning before delivering the speech.
The original Budget briefcase was first used by William Ewart Gladstone in 1853 and continued in use until 1965 when James Callaghan 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's representative Francis Throckmorton presented the Spanish Ambassador, Bernardino de Mendoza, with a specially constructed red briefcase filled with black puddings.[citation needed]
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 briefcase and his successor, George Osborne, continued this tradition for his first budget, before announcing that it would be retired due to its fragile condition.[12] The key to the original budget box has been lost.[13]
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), gin and tonic (Geoffrey Howe), brandy and water (Benjamin Disraeli and John Major), spritzer (Nigel Lawson) and sherry and beaten egg (William Gladstone).[14]
The recent chancellors, Philip Hammond, George Osborne, Alistair Darling and Gordon Brown,[15] 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.[16]
Robe of office
The chancellor has a robe of office,[17] 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)[18] 'went missing' during Gordon Brown's time as chancellor.[19]
List of Chancellors of the Exchequer
Chancellors of the Exchequer of England (c. 1221 – c. 1558)
This list is incomplete; you can help by adding missing items. (January 2011)
Chancellor of the Exchequer of England
PortraitNameTerm of officeMonarch
(Reign)
Eustace of Fauconberg
Bishop of London
(died 1228)
c. 1221N/AHenry III

(1216–1272)
John Maunsell
Secretary of State
(1190/95–1265)
c. 1234N/A
Ralph de Leicesterbefore 1248
Edward of Westminster1248N/A
Albric de Fiscampbefore 1263
John Chishull
Lord Chancellor[1221 1]
(died 1280)
12631265
Walter Giffard
Bishop of Bath and Wells
(c. 1225 – 1279)
12651266
Godfrey Giffard
Lord Chancellor
(c. 1235 – 1302)
12661268
John Chishull
Lord Chancellor
(died 1280)
12681269
Richard of Middleton
Archdeacon of Northumberland
(died 1272)
12691272
Roger de la Leyebefore 1283
Geoffrey de NeubandEdward I

(1272–1307)
Philip de Willoughby12831305
Sir John Benstead
KB
Secretary of State
(c. 1275 – 1323/24)
13051306
John Sandale
Bishop of Winchester
(died 1319)
c. July
1307
1308Edward II

(1307–1327)
John of Markenfield13091312
John Hotham
Bishop of Ely
(died 1337)
13121316
Hervey de Stanton
(1260–1327)
1316c. 1323
Walter de Stapledon
Lord High Treasurer
(1261–1326)
1323c. 1324
Hervey de Stanton
Chief Justice of the Common Pleas
(1260–1327)
1324c. January
1327
Adam de Harvington
(c. 1270 – c. 1345)
c. January
1327
1330Edward III

(1327–1377)
[1221 2]
Robert Wodehouse
(died 1346)
13301331
Robert de Stratford
Bishop of Chichester
(c. 1292 – 1362)
13311334
John Hildeslec. 1338N/A
William de Everdon1341N/A
William Askeby
Archdeacon of Northampton
1363N/A
Sir Robert de Ashton
(died 1385)
1375c. June
1377
Sir Walter Barnhamc. June
1377
c. September
1399
Richard II

(1377–1399)
Henry Somer
MP for Middlesex
(c. 1370 – 1450)
14101437Henry IV

(1399–1413)
Henry V

(1413–1422)
Henry VI

(1422–1461)
[1221 3]
John Somerset
(died 1454)
14411447
Sir Thomas Browne
MP for Dover
(1402–1460)
1440?1450?
Thomas Witham
(c. 1420 – 1489)
1454N/A
Thomas Thwaites
(c. 1435–1503)
c. March
1461
N/AEdward IV

(1461–1470)
Thomas Witham
(c. 1420 – 1489)
14651469
Sir Richard Fowler
(c. 1425 – 1477)
1469c. April
1471
Henry VI

(1470–1471)
Thomas Thwaites
Chancellor of the Duchy of Lancaster
(c. 1435–1503)
c. April
1471
c. April
1483
Edward IV

(1471–1483)
Sir William Catesby
Speaker of the House of Commons
(1450–1485)
c. April
1483
c. 1484Edward V

(1483)
[1221 4]
Richard III

(1483–1485)
Sir Thomas Lovell
Speaker of the House of Commons[1221 5]
(died 1524)
c. August
1485
1524Henry VII

(1485–1509)
Henry VIII

(1509–1547)
[1221 6]
John Bourchier
2nd Baron Berners
PC
(1467–1533)
15241533?
Thomas Cromwell
1st Earl of Essex
KGPC
Secretary of State
(c. 1485 – 1540)
12 April
1533
10 June
1540
Sir John Baker
MP for Kent
(1488–1558)
1545c. November
1558
Edward VI

(1547–1553)
[1221 7]
Mary I

(1553–1558)
^† Died in office.
  1. ^ Served until 1264.
  2. ^ Lord Lancaster served as Regent of England during the minority of Edward III.
  3. ^ The Regency government led by the Regency Council governed England during the minority of Henry VI.
  4. ^ The Duke of Gloucester served as Regent of England during the reign of Edward V.
  5. ^ Served until 1488.
  6. ^ Margaret Beaufort served as Regent of England during the minority of Henry VIII.
  7. ^ The Duke of Somerset and Duke of Northumberland served as Regent of England respectively during the reign of Edward VI.
Chancellors of the Exchequer of England (c. 1558 – 1708)
Chancellor of the Exchequer of England[20]
PortraitName[b]
(Birth–Death)
Term of officeMonarch
(Reign)
Ref.
Sir Richard Sackville
MP for Sussex
(c. 1507 – 1566)
February
1559
21 April
1566
Elizabeth I

(1558–1603)
[20]
Sir Walter Mildmay
MP for Northamptonshire
(c. 1523 – 1589)
156631 May
1589
[20]
Sir John Fortescue
MP for Buckinghamshire[1558 1]
Middlesex[1558 2]
(c. 1531 – 1607)
15891603[20]
James I

(1603–1625)
The Right Honourable
George Home
1st Earl of Dunbar
PC
(c. 1556 – 1611)
24 May
1603
April
1606
[20]
Sir Julius Caesar
MP for Middlesex
(1557/1558–1636)
11 April
1606
1614[20]
The Right Honourable
Sir Fulke Greville
KB
MP for Warwickshire[1558 3]
(1554–1628)
15 October
1614
1621[20]
The Right Honourable
Sir Richard Weston
KG
MP for 4 constituencies respectively
(1577 – c. 1634)
29 January
1621
15 July
1628
[20]
Charles I

(1625–1649)
The Right Honourable
Edward Barrett
1st Lord Barrett of Newburgh
PC
(1581 – c. 1645)
14 August
1628
1629[20]
The Right Honourable
Francis Cottington
1st Baron Cottington
PC
(c. 1579 – 1652)
18 April
1629
6 January
1642
[20]
Sir John Colepeper
MP for Kent
(c. 1600 – 1660)
6 January
1642
22 February
1643
[20]
The Right Honourable
Sir Edward Hyde
(1609–1674)
February
1643
1646[20]
Vacancy during the Interregnum (1649–1660)
PortraitName[b]
(Birth–Death)
Term of officeMinistryMonarch
(Reign)
Ref.
The Right Honourable
Edward Hyde
1st Baron Hyde
KtPC
(1609–1674)
166013 May
1661
ClarendonCharles II

(1660–1685)
[20]
The Right Honourable
Anthony Ashley Cooper
1st Baron Ashley
PC
(1621–1683)
13 May
1661
22 November
1672
[20]
Cabal
Sir John Duncombe
MP for Bury St Edmunds
(1622–1687)
22 November
1672
2 May
1676
[20]
Danby I
Sir John Ernle
MP for 4 constituencies respectively
(1620–1697)
2 May
1676
9 April
1689
[20]
Privy Council
Chits
James II

(1685–1688)
William III
&
Mary II

(1689–1694)
The Right Honourable
Henry Booth
2nd Baron Delamer
PC
(1652–1694)
9 April
1689
18 March
1690
Carmarthen–Halifax[20]
Richard Hampden
MP for Buckinghamshire
(c. 1631 – 1695)
18 March
1690
10 May
1694
Carmarthen[20]
The Right Honourable
Charles Montagu
FRS
MP for Maldon
Westminster[1558 4]
(1661–1715)
10 May
1694
31 May
1699
Whig Junto I[20]
William III

(1694–1702)
Sir John Smith
MP for Andover
(1655/56–1723)
31 May
1699
23 March
1701
Pembroke[20]
Henry Boyle
MP for Cambridge University
Westminster[1558 5]
(1669–1725)
27 March
1701
22 April
1708
[20]
Godolphin–Marlborough
(ToryWhig)
Anne

(1702–1714)
  1. ^ Served until 1589 during the 9th Parliament of Queen Elizabeth I.
  2. ^ Served from 1601 prior to the Golden Speech.
  3. ^ Served during the 3rd Parliament of King James I in 1621.
  4. ^ Elected to a new constituency in the 1695 general election.
  5. ^ Elected to a new constituency in the 1705 general election.
Chancellors of the Exchequer of Great Britain (1708–1817)
Chancellor of the Exchequer of Great Britain[20]
Portrait
Name[b]
(Birth–Death)
Term of office
Party
Ministry
Monarch
(Reign)
Ref.

The Right Honourable
Sir John Smith
MP for Andover
(1655/56–1723)
22 April
1708
11 August
1710
Whig
Godolphin–Marlborough
(ToryWhig)
Anne

(1702–1714)
[20]

The Right Honourable
Robert Harley
MP for Radnor
(1661–1724)
11 August
1710
4 June
1711
Tory
Oxford–Bolingbroke
[20]

The Right Honourable
Robert Benson
MP for York
(c. 1676 – 1731)
4 June
1711
21 August
1713
Tory
[20]

The Right Honourable
Sir William Wyndham
Bt
MP for Somerset
(c. 1688 – 1740)
21 August
1713
13 October
1714
Tory
[20]
George I

(1714–1727)
[1708 1]
The Right Honourable
Sir Richard Onslow
Bt
MP for Surrey
(1654–1717)
13 October
1714
12 October
1715
Whig
Townshend
[20]

The Right Honourable
Robert Walpole
MP for King's Lynn
(1676–1745)
12 October
1715
15 April
1717
Whig
[20]

The Right Honourable
James Stanhope
1st Earl Stanhope
PC
(c. 1673 – 1721)
15 April
1717
20 March
1718
Whig
Stanhope–Sunderland I
[20]

The Right Honourable
John Aislabie
MP for Ripon
(1670–1742)
20 March
1718
23 January
1721
Whig
Stanhope–Sunderland II
[20]

The Right Honourable
Sir John Pratt
Lord Chief Justice
(1657–1725) (interim)
2 February
1721
3 April
1721
Whig
[20]

The Right Honourable
Robert Walpole
1st Earl of Orford
KGKBPC
MP for King's Lynn[1708 2]
(1676–1745)
3 April
1721
12 February
1742
Whig
Walpole–Townshend
[20]

George II

(1727–1760)
Walpole

The Right Honourable
Samuel Sandys
MP for Worcester
(1695–1770)
12 February
1742
12 December
1743
Whig
Carteret
[20]

The Right Honourable
Henry Pelham
FRS
MP for Sussex
(1694–1754)
12 December
1743
8 March
1754
Whig
[20]
Broad Bottom
(I & II)
The Right Honourable
Sir William Lee
Lord Chief Justice
(1688–1754) (interim)
8 March
1754
6 April
1754
Whig
Newcastle I
[20]

The Right Honourable
Henry Bilson-Legge
FRS
MP for Orford
(1708–1764)
6 April
1754
25 November
1755
Whig
[20]

The Right Honourable
Sir George Lyttelton
Bt
MP for Okehampton
(1709–1773)
25 November
1755
16 November
1756
Whig
[20]

The Right Honourable
Henry Bilson-Legge
MP for Orford
(1708–1764)
16 November
1756
13 April
1757
Whig
Pitt–Devonshire
[20]

The Right Honourable
William Murray
1st Earl of Mansfield
PCSL
Lord Chief Justice
(1705–1793) (interim)
13 April
1757
2 July
1757
Whig
[20]
1757 Caretaker
The Right Honourable
Henry Bilson-Legge
MP for Orford
Hampshire[1708 3]
(1708–1764)
2 July
1757
19 March
1761
Whig
Pitt–Newcastle
[20]
George III

(1760–1820)
[1708 4]
The Right Honourable
William Barrington
2nd Viscount Barrington
PC
MP for Plymouth
(1717–1793)
19 March
1761
29 May
1762
Whig
[20]

The Right Honourable
Sir Francis Dashwood
BtFRS
MP for Weymouth and Melcombe Regis
(1708–1781)
29 May
1762
16 April
1763
Tory
Bute
(ToryWhig)
[20]

The Right Honourable
George Grenville
MP for Buckingham
(1712–1770)
16 April
1763
16 July
1765
Whig
Grenville
(WhigTory)
[20]

The Right Honourable
William Dowdeswell
MP for Worcestershire
(1721–1775)
16 July
1765
2 August
1766
Whig
Rockingham I
[20]

The Right Honourable
Charles Townshend
MP for Harwich
(1725–1767)
2 August
1766
4 September
1767
Whig
Chatham
(WhigTory)
[20]

The Right Honourable
Frederick North
Lord North
KG
MP for Banbury
(1732–1792)
11 September
1767
27 March
1782
Tory
[20]
Grafton
North
The Right Honourable
Lord John Cavendish
MP for York
(1732–1796)
27 March
1782
10 July
1782
Whig
Rockingham II
[20]

The Right Honourable
William Pitt the Younger
MP for Appleby
(1759–1806)
10 July
1782
31 March
1783
Whig
Shelburne
(WhigTory)
[20]

The Right Honourable
Lord John Cavendish
MP for York
(1732–1796)
2 April
1783
19 December
1783
Whig
Fox–North
[20]

The Right Honourable
William Pitt the Younger
MP for Appleby
Cambridge University[1708 5]
(1759–1806)
19 December
1783
14 March
1801
Tory
Pitt I
[20]

The Right Honourable
Henry Addington
MP for Devizes
(1757–1844)
14 March
1801
10 May
1804
Tory
Addington
[20]

The Right Honourable
William Pitt the Younger
MP for Cambridge University
(1759–1806)
10 May
1804
23 January
1806
Tory
Pitt II
[20]

The Right Honourable
Edward Law
1st Baron Ellenborough
PCKCFSA
Lord Chief Justice
(1750–1818) (interim)
23 January
1806
5 February
1806
Tory
All the Talents
(WhigTory)
[20]

The Right Honourable
Lord Henry Petty-Fitzmaurice
MP for Cambridge University
(1780–1863)
5 February
1806
26 March
1807
Whig
[20]

The Right Honourable
Spencer Perceval
KC
MP for Northampton
(1762–1812)
26 March
1807
11 May
1812
Tory
Portland II
[20]
Perceval
The Right Honourable
Nicholas Vansittart
MP for East Grinstead
Harwich[1708 6]
(1766–1851)
9 June
1812
12 July
1817
Tory
Liverpool
[21]
  1. ^ Lord Parker served as Regent of Great Britain from 1 August to 18 September 1714.
  2. ^ Elevated to the Peerage of Great Britain on 6 February 1742.
  3. ^ Elected to a new constituency in the Hampshire by-election.
  4. ^ The Prince of Wales served as Prince Regent from 5 February 1811.
  5. ^ Elected to a new constituency in the 1784 general election.
  6. ^ Elected to a new constituency in the 1812 general election.
Chancellors of the Exchequer of the United Kingdom (1817–present)
Although the Kingdoms of Great Britain and Ireland had been united by the Acts of Union 1800 (39 & 40 Geo. III c. 67), the Exchequers of the two Kingdoms were not consolidated until 1817 under 56 Geo. III c. 98.[22][23] For the holders of the Irish office before this date, see Chancellor of the Exchequer of Ireland.
Chancellor of the Exchequer of the United Kingdom[20]
PortraitName[b]
(Birth–Death)
Term of officePartyMinistryMonarch
(Reign)
Ref.
The Right Honourable
Nicholas Vansittart
FRS
MP for Harwich
(1766–1851)
12 July 181731 January 1823ToryLiverpoolGeorge III

(1760–1820)
[1817 1]
[20]
George IV

(1820–1830)
The Right Honourable
Frederick John Robinson
MP for Ripon
(1782–1859)
31 January 182327 April 1827Tory[24]
The Right Honourable
George Canning
FRS
MP for Seaford
(1770–1827)
27 April 18278 August 1827ToryCanning
(CanningiteWhig)
[25]
The Right Honourable
Charles Abbott
1st Baron Tenterden
PCSL
Lord Chief Justice
(1762–1832) (interim)
8 August 18275 September 1827ToryGoderichN/A
The Right Honourable
John Charles Herries
MP for Harwich
(1778–1855)
5 September 182726 January 1828Tory[26]
The Right Honourable
Henry Goulburn
FRS
MP for Armagh
(1784–1856)
26 January 182822 November 1830ToryWellington–Peel[20]
William IV

(1830–1837)
The Right Honourable
John Spencer
Viscount Althorp
DLFRS
MP for Northamptonshire
South Northamptonshire[1817 2]
(1782–1845)
22 November 183014 November 1834WhigGrey[20]
Melbourne I
The Right Honourable
Thomas Denman
1st Baron Denman
PC
Lord Chief Justice
(1779–1854) (interim)
14 November 183415 December 1834WhigWellington CaretakerN/A
The Right Honourable
Sir Robert Peel
BtFRS
MP for Tamworth
(1788–1850)
15 December 18348 April 1835ConservativePeel I[20]
The Right Honourable
Thomas Spring Rice
MP for Cambridge
(1790–1866)
18 April 183526 August 1839WhigMelbourne II[20]
Victoria

(1837–1901)
The Right Honourable
Francis Baring
MP for Portsmouth
(1796–1866)
26 August 183930 August 1841Whig[20]
The Right Honourable
Henry Goulburn
FRS
MP for Cambridge University
(1784–1856)
3 September 184127 June 1846ConservativePeel II[20]
The Right Honourable
Sir Charles Wood
Bt
MP for Halifax
(1800–1885)
6 July 184621 February 1852WhigRussell I[20]
The Right Honourable
Benjamin Disraeli
MP for Buckinghamshire
(1804–1881)
27 February 185217 December 1852ConservativeWho? Who?[20]
The Right Honourable
William Ewart Gladstone
MP for Oxford University
(1809–1898)
28 December 185228 February 1855PeeliteAberdeen
(PeeliteWhig)
[20]
The Right Honourable
Sir George Cornewall Lewis
Bt
MP for Radnor
(1806–1863)
28 February 185521 February 1858WhigPalmerston I[20]
The Right Honourable
Benjamin Disraeli
MP for Buckinghamshire
(1804–1881)
26 February 185811 June 1859ConservativeDerby–Disraeli II[20]
The Right Honourable
William Ewart Gladstone
MP for Oxford University
South Lancashire[1817 3]
(1809–1898)
18 June 185926 June 1866LiberalPalmerston II[20]
Russell II
The Right Honourable
Benjamin Disraeli
MP for Buckinghamshire
(1804–1881)
6 July 186629 February 1868ConservativeDerby–Disraeli III[20]
The Right Honourable
George Ward Hunt
MP for North Northamptonshire
(1825–1877)
29 February 18681 December 1868Conservative[20]
The Right Honourable
Robert Lowe
MP for London University
(1811–1892)
9 December 186811 August 1873LiberalGladstone I[20]
The Right Honourable
William Ewart Gladstone
MP for Greenwich
(1809–1898)
11 August 187317 February 1874Liberal[20]
The Right Honourable
Sir Stafford Northcote
BtGCBFRS
MP for North Devonshire
(1818–1887)
21 February 187421 April 1880ConservativeDisraeli II[20]
The Right Honourable
William Ewart Gladstone
MP for Midlothian
(1809–1898)
28 April 188016 December 1882LiberalGladstone II[20]
The Right Honourable
Hugh Childers
MP for Pontefract
(1827–1896)
16 December 18829 June 1885Liberal[20]
The Right Honourable
Sir Michael Hicks Beach
BtDL
MP for Bristol West
(1837–1916)
24 June 188528 January 1886ConservativeSalisbury I[20]
The Right Honourable
Sir William Harcourt
QC
MP for Derby
(1827–1904)
6 February 188620 July 1886LiberalGladstone III[20]
The Right Honourable
Lord Randolph Churchill
MP for Paddington South
(1849–1895)
3 August 188622 December 1886ConservativeSalisbury II[20]
The Right Honourable
George Goschen
DL
MP for St George Hanover Square
(1831–1907)
14 January 188711 August 1892Liberal Unionist[20]
The Right Honourable
Sir William Harcourt
QC
MP for Derby
(1827–1904)
18 August 189221 June 1895LiberalGladstone IV[20]
Rosebery
The Right Honourable
Sir Michael Hicks Beach
BtDL
MP for Bristol West
(1837–1916)
29 June 189511 August 1902ConservativeSalisbury
(III & IV)
(Con.Lib.U.)
[20]
Edward VII

(1901–1910)
The Right Honourable
Charles Ritchie
MP for Croydon
(1838–1906)
11 August 19029 October 1903ConservativeBalfour[20]
The Right Honourable
Austen Chamberlain
MP for East Worcestershire
(1863–1937)
9 October 19034 December 1905Liberal Unionist[20]
The Right Honourable
Herbert Henry Asquith
KC
MP for East Fife
(1852–1928)
10 December 190516 April 1908LiberalCampbell-Bannerman[20]
The Right Honourable
David Lloyd George
MP for Caernarvon Boroughs
(1863–1945)
16 April 190825 May 1915Liberal
Asquith
(I–III)
[27]
George V

(1910–1936)
The Right Honourable
Reginald McKenna
MP for North Monmouthshire
(1863–1943)
25 May 191510 December 1916LiberalAsquith Coalition
(Lib.Con.–et al.)
[20]
The Right Honourable
Bonar Law
MP for Bootle
Glasgow Central[1817 4]
(1858–1923)
10 December 191610 January 1919Conservative
Lloyd George
(I & II)
[20]
The Right Honourable
Austen Chamberlain
MP for Birmingham West
(1863–1937)
10 January 19191 April 1921Conservative[20]
The Right Honourable
Sir Robert Horne
GBEKC
MP for Glasgow Hillhead
(1871–1940)
1 April 192119 October 1922Conservative[20]
The Right Honourable
Stanley Baldwin
JP
MP for Bewdley
(1867–1947)
27 October 192227 August 1923ConservativeLaw[20]
Baldwin I
The Right Honourable
Neville Chamberlain
MP for Birmingham Ladywood
(1869–1940)
27 August 192322 January 1924Conservative[20]
The Right Honourable
Philip Snowden
MP for Colne Valley
(1864–1937)
22 January 19243 November 1924LabourMacDonald I[20]
The Right Honourable
Winston Churchill
CHTD
MP for Epping
(1874–1965)
6 November 19244 June 1929ConservativeBaldwin II[20]
The Right Honourable
Philip Snowden
MP for Colne Valley
(1864–1937)
7 June 19295 November 1931LabourMacDonald II[20]
National LabourNational I
(N.Lab.Con.–et al.)
The Right Honourable
Neville Chamberlain
FRS
MP for Birmingham Edgbaston
(1869–1940)
5 November 193128 May 1937ConservativeNational II[20]
National III
(Con.N.Lab.–et al.)
Edward VIII

(1936)
George VI

(1936–1952)
The Right Honourable
Sir John Simon
GCSIGCVOOBE
MP for Spen Valley
(1873–1954)
28 May 193712 May 1940Liberal NationalNational IV[20]
Chamberlain War
The Right Honourable
Sir Kingsley Wood
MP for Woolwich West
(1881–1943)
12 May 194021 September 1943ConservativeChurchill War
(All parties)
[20]
The Right Honourable
Sir John Anderson
GCBGCSIGCIEPC (Ire)
MP for Combined Scottish Universities
(1882–1958)
24 September 194326 July 1945Independent
(National)
[20]
Churchill Caretaker
(Con.Lib.N.)
The Right Honourable
Hugh Dalton
MP for Bishop Auckland
(1887–1962)
27 July 194513 November 1947Labour
Attlee
(I & II)
[20]
The Right Honourable
Sir Stafford Cripps
FRS
MP for Bristol East
Bristol South East[1817 5]
(1889–1952)
13 November 194719 October 1950Labour[20]
The Right Honourable
Hugh Gaitskell
CBE
MP for Leeds South
(1906–1963)
19 October 195026 October 1951Labour[20]
The Right Honourable
Richard Austen Butler
CH
MP for Saffron Walden
(1902–1982)
26 October 195120 December 1955ConservativeChurchill III[20]
Elizabeth II

(1952–present)
Eden
The Right Honourable
Harold Macmillan
MP for Bromley
(1894–1986)
20 December 195513 January 1957Conservative[20]
The Right Honourable
Peter Thorneycroft
MP for Monmouth
(1909–1994)
13 January 19576 January 1958Conservative
Macmillan
(I & II)
[20]
The Right Honourable
Derick Heathcoat-Amory
TD
MP for Tiverton
(1899–1981)
6 January 195827 July 1960Conservative[20]
The Right Honourable
Selwyn Lloyd
CBEQC
MP for Wirral
(1904–1978)
27 July 196013 July 1962Conservative[20]
The Right Honourable
Reginald Maudling
MP for Barnet
(1917–1979)
16 July 196216 October 1964Conservative[28]
Douglas-Home
The Right Honourable
James Callaghan
MP for Cardiff South East
(1912–2005)
17 October 196429 November 1967Labour
Wilson
(I & II)
[29]
The Right Honourable
Roy Jenkins
MP for Birmingham Stechford
(1920–2003)
29 November 196719 June 1970Labour[30]
The Right Honourable
Iain Macleod
MP for Enfield West
(1913–1970)
20 June 197020 July 1970ConservativeHeath[20]
The Right Honourable
Anthony Barber
TD
MP for Altrincham and Sale
(1920–2005)
25 July 19704 March 1974Conservative[20]
The Right Honourable
Denis Healey
MBE
MP for Leeds East
(1917–2015)
5 March 19744 May 1979Labour
Wilson
(III & IV)
[20]
Callaghan
The Right Honourable
Sir Geoffrey Howe
QC
MP for East Surrey
(1926–2015)
4 May 197911 June 1983ConservativeThatcher I[20]
The Right Honourable
Nigel Lawson
MP for Blaby
(born 1932)
11 June 198326 October 1989ConservativeThatcher II[20]
Thatcher III
The Right Honourable
John Major
MP for Huntingdon
(born 1943)
26 October 198928 November 1990Conservative[20]
The Right Honourable
Norman Lamont
MP for Kingston-upon-Thames
(born 1942)
28 November 199027 May 1993ConservativeMajor I[20]
Major II
The Right Honourable
Kenneth Clarke
QC
MP for Rushcliffe
(born 1940)
27 May 19932 May 1997Conservative[20]
The Right Honourable
Gordon Brown
MP for Dunfermline East
Kirkcaldy and Cowdenbeath[1817 6]
(born 1951)
2 May 199727 June 2007LabourBlair
(I, II & III)
[20]
The Right Honourable
Alistair Darling
MP for Edinburgh South West
(born 1953)
28 June 200711 May 2010LabourBrown[31]
The Right Honourable
George Osborne
MP for Tatton
(born 1971)
11 May 201013 July 2016ConservativeCameron–Clegg
(Con.L.D.)
[32]
Cameron II
The Right Honourable
Philip Hammond
MP for Runnymede and Weybridge
(born 1955)
13 July 201624 July 2019ConservativeMay I[33]
May II
The Right Honourable
Sajid Javid
MP for Bromsgrove
(born 1969)
24 July 201913 February 2020ConservativeJohnson I[34][35]
Johnson II
The Right Honourable
Rishi Sunak
MP for Richmond (Yorks)
(born 1980)
13 February 2020IncumbentConservative[36]
  1. ^ The Prince of Wales served as Prince Regent from 5 February 1811.
  2. ^ Elected to a new constituency in the 1832 general election.
  3. ^ Elected to a new constituency in the 1865 general election.
  4. ^ Elected to a new constituency in the 1918 general election.
  5. ^ Elected to a new constituency in the 1950 general election.
  6. ^ Elected to a new constituency in the 2005 general election.
See also
Notes
  1. ^ This is used in almost all cases, including formal uses, for example in Parliament where it is common to refer to the position as 'Mr Chancellor of the Exchequer'. An example use of the full title is on writs appointing people to offices in the Manor of Northstead or the Chiltern Hundreds.
  2. ^ a b c d Including honorifics and constituencies for elected MPs.
References
  1. ^ Martin, Ben (13 July 2016). "Who is Philip Hammond, Britain's new Chancellor, and what are likely to be his first steps?" – via www.telegraph.co.uk.
  2. ^ Joseph Haydn, Horace Ockerby (ed.): The Book of Dignities, 3rd edition, Part III (Political and Official), p. 164. W.H. Allen & Co., London 1894, reprinted by Firecrest Publishing Ltd, Pancakes, 1969.
  3. ^ Chrimes Administrative History pp. 62–63
  4. ^ "Great Offices of State". The Cabinet Papers. The National Archives. Retrieved 21 December 2010.
  5. ^ "Gordon Brown: Chancellor of the Exchequer". Encyclopedia II. Experiencefestival.com. Archived from the original on 2 November 2012. Retrieved 2 May 2010.
  6. ^ Ben Pimlott, Hugh Dalton (1985) pp 524–48.
  7. ^ "Monetary Policy | Monetary Policy Committee (MPC) | Framework". Bank of England. 6 May 1997. Archived from the original on 8 May 2010. Retrieved 2 May 2010.
  8. ^ Owen, James (19 December 2012). "Sir Isaac Newton – did you know?". The Royal Mint. Archived from the original on 1 June 2017. Retrieved 6 June 2017.
  9. ^ "History of Number 11 Downing Street". UK Government. Retrieved 16 October 2014.
  10. ^ "Local History". Burnham Parish Council. Archived from the original on 1 October 2011.
  11. ^​http://www.timesonline.co.uk/tol/news/politics/article2532776.ece Archived 5 June 2011 at the Wayback Machine
  12. ^ "Bye-bye budget box, hello backpack". The Guardian. 21 March 2011.
  13. ^ Alistair Darling, Back from the Brink(2011)
  14. ^ "The Budget and Parliament". Parliament of the United Kingdom. Retrieved 8 November 2015.
  15. ^ Lydall, Ross (6 March 2008). "Chancellor names his preferred Budget tipple – a glass of plain London tap water". The Scotsman. Retrieved 2 May 2010.
  16. ^ Murphy, Joe (5 March 2008). "Darling chooses tap water for Budget Day to support Standard campaign". London Evening Standard. Retrieved 9 February 2012.
  17. ^ "Photographb".
  18. ^ "Portrait of Churchill in the robes of wearing his robes as Chancellor of the Exchequer, by John Singer Sargent, 1929. © National Trust Collections". 4 December 2012.
  19. ^ Vina, Gonzalo (10 December 2010). "www.bloomberg.com". Bloomberg.
  20. ^ a b c d e f g h i j k l m n o p q r s t u v w x y z aa ab acad ae af ag ah ai aj ak al am an ao ap aq ar as at au av awax ay az ba bb bc bd be bf bg bh bi bj bk bl bm bn bo bpbq br bs bt bu bv bw bx by bz ca cb cc cd ce cf cg ch ci cjck cl cm cn co cp cq cr cs ct cu cv cw cx cy cz da db dcdd de df dg dh di dj dk "Past Chancellors of the Exchequer". gov.uk. Government of the United Kingdom. Retrieved 7 September 2017.
  21. ^ "No. 16611". The London Gazette. 9 June 1812. p. 1111.
  22. ^ "Consolidated Fund Act 1816". section 2, Act No. 98 of 1816. Retrieved 18 November 2016.
  23. ^ Haydn, Joseph; Ockerby, Horace, eds. (1890). "X (Ireland)". The Book of Dignities. London: W. H. Allen & Co. p. 562. OL 13505280M.
  24. ^ "No. 17893". The London Gazette. 4 February 1823. p. 193.
  25. ^ "No. 18356". The London Gazette. 27 April 1827. p. 937.
  26. ^ "No. 18394". The London Gazette. 7 September 1827. p. 1892.
  27. ^ "No. 28129". The London Gazette. 17 April 1908. p. 2937.
  28. ^ "No. 42733". The London Gazette. 17 July 1962. p. 5731.
  29. ^ "No. 43470". The London Gazette. 23 October 1964. p. 9014.
  30. ^ "No. 44469". The London Gazette. 5 December 1967. p. 13287.
  31. ^ "No. 58389". The London Gazette. 11 July 2007. p. 9979.
  32. ^ "No. 59425". The London Gazette. 21 May 2010. p. 9405.
  33. ^ "Philip Hammond appointed chancellor". BBC News. 13 July 2016. Retrieved 7 July 2017.
  34. ^ "Sajid Javid confirmed as chancellor". The Guardian. 24 July 2019. Retrieved 24 July 2019.
  35. ^ "Sajid Javid resigns as chancellor". BBC News. 13 February 2020. Retrieved 13 February 2020.
  36. ^ "Who is Rishi Sunak? Meet Sajid Javid's replacement as Chancellor". Evening Standard. 13 February 2020. Retrieved 13 February 2020.
Further reading
External links
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