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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 .
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 ...
Reeves moved into the role of Shadow Chancellor of the Exchequer in a shadow cabinet reshuffle on 9 May 2021, replacing Anneliese Dodds. [44] As Shadow Chancellor, Reeves opposed aspects of the budgets presented by Rishi Sunak, Kwasi Kwarteng and Jeremy Hunt. She was particularly critical of Kwarteng's budget, as it led to financial instability.
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 ...
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.
The Chancellor of the Exchequer, independently head of the Court of Chancery, was also involved in the Exchequer of Pleas as a check on the Lord High Treasurer. [45] He evolved out of the Lord Chancellor 's clerk, or clericus cancellari , who sat in the Exchequer and was responsible for correcting and sealing writs of summons , also holding the ...
Gordon Brown served as Chancellor of the Exchequer of the United Kingdom from 2 May 1997 to 27 June 2007. His tenure was marked by major reform of Britain's monetary and fiscal policy architecture, transferring interest rate setting powers to the Bank of England, by a wide extension of the powers of the Treasury to cover much domestic policy and by transferring responsibility for banking ...
Chancellor Rachel Reeves will remain in her role "for the whole of this Parliament", Downing Street has said, as she faces criticism over the falling pound and rising government borrowing costs ...