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The chancellor of the exchequer, often abbreviated to chancellor, [3] is a senior minister of the Crown within the Government of the United Kingdom, 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 .
The Exchequer was named after a table used to perform calculations for taxes and goods in the medieval period. [10] According to the Dialogus de Scaccario ('Dialogue concerning the Exchequer'), [11] an early medieval work describing the practice of the Exchequer, the table was large, 10 feet by 5 feet with a raised edge or "lip" on all sides of about the height of four fingers to ensure that ...
Following the general election on 4 July, Prime Minister Sir Keir Starmer appointed Rachel Reeves as Chancellor of the Exchequer, thus making Reeves the first female Chancellor in the 708 year history of HM Treasury. [15] Starmer appointed women to a record half of the Cabinet, including three of the five top positions in the British government.
Rachel Reeves is making history as the first female Chancellor of the Exchequer to deliver a budget on Wednesday (30 October). Ever since William Gladstone in the 1860s, the Chancellor of the ...
When Vansittart became Chancellor of the Exchequer the country was burdened with heavy taxation and an enormous debt. Nevertheless, the continuance of the Napoleonic Wars compelled him to increase the customs duties and other taxes, and in 1813 he introduced a complicated scheme for dealing with the sinking fund.
Winston Churchill was appointed Chancellor of the Exchequer in 1924 and served until 1929. He presented five budgets during his chancellorship. He was initially sceptical about advice from the Bank of England and leading economists to implement a return to the gold standard. In April 1925, however, he agreed to include the measure in his first ...
The Conservative Party has shared an image of Chancellor of the Exchequer Rachel Reeves with a caption reading “zoom in to find out what Labour are planning for the budget”.
Chancellor (Latin: cancellarius) is a title of various official positions in the governments of many countries.The original chancellors were the cancellarii of Roman courts of justice—ushers, who sat at the cancelli (lattice work screens) of a basilica (court hall), which separated the judge and counsel from the audience.