Chancellor of the Exchequer

United Kingdom
Chancellor of the Exchequer
Second Lord of the Treasury
United Kingdom; Chancellor of the Exchequer; Second Lord of the Treasury
	Royal Arms of His Majesty's Government
	Incumbent; Rachel Reeves; since 5 July 2024
	His Majesty's Treasury
Style	The Chancellor; (informal); The Right Honourable; (within the UK and Commonwealth)
Type	Minister of the Crown
Status	Great Office of State
Member of	Cabinet; Privy Council; National Security Council;
Reports to	First Lord of the Treasury; (Prime Minister of the United Kingdom)
Residence	11 Downing Street
Seat	Westminster
Nominator	The Prime Minister
Appointer	The Monarch; (on the advice of the Prime Minister)
Term length	At His Majesty's pleasure
Formation	c. 1221
First holder	Eustace of Fauconberg; (in the Kingdom of England only)
Deputy	Chief Secretary to the Treasury
Salary	£163,891 per annum (2024); (including £91,346 MP salary)
Website	Official website

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 head of Treasury. As one of the four Great Offices of State, the chancellor is a high-ranking member of the British Cabinet.

Quick Facts United Kingdom Chancellor of the Exchequer Second Lord of the Treasury, Style ...

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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 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.^[4] 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. It 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 to 1130 under King Henry I and show continuity from previous years.^[5] 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.

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 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.^[6]

The current chancellor is Rachel Reeves.

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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 treasurer of the exchequer.^[7] As second lord, her 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.

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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, 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.^[8] 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.

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 the speech given 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 forced to resign.^[9]

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. 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.^[10] 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 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.^[11]

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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.^[12] In 1997, the then first and second Lords, Tony Blair and Gordon Brown 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. Gordon Brown, on becoming chancellor in 1997, refused to use it and the house, which is set in 215 acres (87 ha)^[13] of parkland, was allocated to Deputy Prime Minister John Prescott. In 2007, it reverted to the then-chancellor, Alistair Darling.^[14]

Budget box

Thumb — Budget box or Gladstone box, c. 1860

The chancellor traditionally carries his or her 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 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.^[15]

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.^[16] The key to the original budget box has been lost.^[17]

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).^[18]

The chancellors after Clarke, Philip Hammond, George Osborne, Alistair Darling and Gordon Brown,^[19] 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.^[20]

Robe of office

The chancellor, as Master of the Mint, has a robe of office,^[21] 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)^[22] 'went missing' during Gordon Brown's time as chancellor.^[23]

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England (c. 1221 – c. 1558)

More information Term of office, Monarch (Reign) ...

	Term of office		Monarch (Reign)
Eustace of Fauconberg Bishop of London	c. 1221	—	Henry III (1216–1272)
John Maunsell Secretary of State	c. 1234	—
Ralph de Leicester	before 1248
Edward of Westminster	1248	—
Albric de Fiscamp	before 1263
John Chishull Lord Chancellor^{[1221 1]}	1263	1265
Walter Giffard Bishop of Bath and Wells	1265	1266
Godfrey Giffard Lord Chancellor	1266	1268
John Chishull Lord Chancellor	1268	1269
Richard of Middleton Archdeacon of Northumberland	1269	1272^†
Roger de la Leye	before 1283
Geoffrey de Neuband	before 1283		Edward I (1272–1307)
Philip de Willoughby	1283	1305
John Benstead Secretary of State	1305	1306
John Sandale Bishop of Winchester	c. July 1307	1308	Edward II (1307–1327)
John of Markenfield	1309	1312
John Hotham Bishop of Ely	1312	1316
Hervey de Stanton	1316	c. 1323
Walter Stapledon Lord High Treasurer	1323	c. 1324
Hervey de Stanton Chief Justice of the Common Pleas	1324	c. January 1327
Adam de Harvington	c. January 1327	1330	Edward III (1327–1377) ^{[1221 2]}
Robert Wodehouse	1330	1331
Robert de Stratford Bishop of Chichester	1331	1334
John Hildesle	c. 1338	—
William de Everdon	1341	—
William Askeby Archdeacon of Northampton	1363	—
Robert de Ashton	1375	c. June 1377
Sir Walter Barnham	c. June 1377	c. September 1399	Richard II (1377–1399)
Henry Somer MP for Middlesex	1410	1437	Henry IV (1399–1413)
			Henry V (1413–1422)
			Henry VI (1422–1461) ^{[1221 3]}
John Somerset	1441	1447
Thomas Browne MP for Dover	1440?	1450?
Thomas Witham	1454	—
Thomas Thwaites	c. March 1461	—	Edward IV (1461–1470)
Thomas Witham	1465	1469
Richard Fowler	1469	c. April 1471
Richard Fowler	1469	c. April 1471	Henry VI (1470–1471)
Thomas Thwaites Chancellor of the Duchy of Lancaster	c. April 1471	c. April 1483	Edward IV (1471–1483)
William Catesby Speaker of the House of Commons	c. April 1483	c. 1484	Edward V (1483) ^{[1221 4]}
William Catesby Speaker of the House of Commons	c. April 1483	c. 1484	Richard III (1483–1485)
Thomas Lovell Speaker of the House of Commons^{[1221 5]}	c. August 1485	1524	Henry VII (1485–1509)
	c. August 1485	1524	Henry VIII (1509–1547) ^{[1221 6]}
John Bourchier 2nd Baron Berners	1524	1533?
Thomas Cromwell 1st Earl of Essex Secretary of State	12 April 1533	10 June 1540
John Baker MP for Kent	1545	c. November 1558

			Edward VI (1547–1553) ^{[1221 7]}
			Mary I (1553–1558)

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^† Died in office.

[1 1]
Served until 1264.
[1 2]
Lord Lancaster served as Regent of England during the minority of Edward III.
[1 3]
The Regency government led by the Regency Council governed England during the minority of Henry VI.
[1 4]
The Duke of Gloucester served as Regent of England during the reign of Edward V.
[1 5]
Served until 1488.
[1 6]
Margaret Beaufort served as Regent of England during the minority of Henry VIII.
[1 7]
The Duke of Somerset and Duke of Northumberland served as Regent of England successively during the reign of Edward VI.

England (c. 1558 – 1708)

More information Term of office, Monarch (Reign) ...

Chancellor of the Exchequer^[a]		Term of office		Monarch (Reign)
	Richard Sackville^[24] MP for Sussex	February 1559	21 April 1566^†	Elizabeth I (1558–1603)
	Walter Mildmay^[24] MP for Northamptonshire	1566	31 May 1589^†
	John Fortescue^[24] MP for Buckinghamshire^{[1558 1]} →Middlesex^{[1558 2]}	1589	1603
	George Home 1st Earl of Dunbar^[24]	24 May 1603	April 1606	James I (1603–1625)
	Julius Caesar^[24] MP for Middlesex	11 April 1606	1614
	Fulke Greville^[24] MP for Warwickshire^{[1558 3]}	15 October 1614	1621
	Richard Weston^[24] MP for 7 constituencies successively	29 January 1621	15 July 1628
		29 January 1621	15 July 1628	Charles I (1625–1649)
	Edward Barrett 1st Lord Barrett of Newburgh^[24]	14 August 1628	1629
	Francis Cottington 1st Baron Cottington^[24]	18 April 1629	6 January 1642
	John Colepeper^[24] MP for Kent	6 January 1642	22 February 1643
	Edward Hyde^[24]	February 1643	1646
Vacancy during the Interregnum (1649–1660)
Chancellor of the Exchequer^[a]		Term of office		Ministry	Monarch (Reign)
	Edward Hyde 1st Baron Hyde^[24]	1660	13 May 1661	Clarendon	Charles II (1660–1685)
	Anthony Ashley Cooper 1st Baron Ashley^[24]	13 May 1661	22 November 1672	Clarendon
	Anthony Ashley Cooper 1st Baron Ashley^[24]	13 May 1661	22 November 1672	Cabal
	John Duncombe^[24] MP for Bury St Edmunds	22 November 1672	2 May 1676	Cabal
	John Duncombe^[24] MP for Bury St Edmunds	22 November 1672	2 May 1676	Danby I
	John Ernle^[24] MP for 4 constituencies successively	2 May 1676	9 April 1689	Danby I
				Privy Council
				Chits
					James II (1685–1688)
					William III & Mary II (1689–1694)
	Henry Booth 2nd Baron Delamer^[24]	9 April 1689	18 March 1690	Carmarthen–Halifax
	Richard Hampden^[24] MP for Buckinghamshire	18 March 1690	10 May 1694	Carmarthen
	Charles Montagu^[24] MP for Maldon → Westminster^{[1558 4]}	10 May 1694	31 May 1699	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig Junto I
		10 May 1694	31 May 1699		William III (1694–1702)
	John Smith^[24] MP for Andover	31 May 1699	23 March 1701	Pembroke
	Henry Boyle^[24] MP for Cambridge University → Westminster^{[1558 5]}	27 March 1701	22 April 1708	Pembroke
		27 March 1701	22 April 1708	style=\"background:#ddd;\""},{"html":""}]]}">Godolphin–Marlborough (Tory–Whig)	Anne (1702–1714)

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[1 1]
Served until 1589 during the 9th Parliament of Queen Elizabeth I.
[1 2]
Served from 1601 prior to the Golden Speech.
[1 3]
Served during the 3rd Parliament of King James I in 1621.
[1 4]
Elected to a new constituency in the 1695 general election.
[1 5]
Elected to a new constituency in the 1705 general election.

Great Britain (1708–1817)

More information Term of office, Party ...

Chancellor of the Exchequer^[a]		Term of office		Party	Ministry	Monarch (Reign)
#FF7F00"}]]}">	John Smith^[24] MP for Andover	22 April 1708	11 August 1710	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ddd;\""},{"html":""}]]}">Godolphin–Marlborough (Tory–Whig)	Anne (1702–1714)
#3333CC"}]]}">	Robert Harley^[24] MP for Radnor	11 August 1710	4 June 1711	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:LightBlue;\""},{"html":""}]]}">Oxford–Bolingbroke
#3333CC"}]]}">	Robert Benson^[24] MP for York	4 June 1711	21 August 1713	style=\"background:LightBlue;\""},{"html":""}]]}">Tory
#3333CC; border-bottom:none"}]]}">	William Wyndham^[24] MP for Somerset	21 August 1713	13 October 1714	style=\"background:LightBlue;\""},{"html":""}]]}">Tory
#3333CC; border-top:none"}]]}">	William Wyndham^[24] MP for Somerset	21 August 1713	13 October 1714	style=\"background:LightBlue;\""},{"html":""}]]}">Tory		George I (1714–1727) ^{[1708 1]}
#FF7F00"}]]}">	Richard Onslow^[24] MP for Surrey	13 October 1714	12 October 1715	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Townshend
#FF7F00"}]]}">	Robert Walpole^[24] MP for King's Lynn	12 October 1715	15 April 1717	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Townshend
#FF7F00"}]]}">	James Stanhope 1st Earl Stanhope^[24]	15 April 1717	20 March 1718	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Stanhope–Sunderland I
#FF7F00"}]]}">	John Aislabie^[24] MP for Ripon	20 March 1718	23 January 1721	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Stanhope–Sunderland II
#FF7F00"}]]}">	John Pratt^[24] Lord Chief Justice (interim)	2 February 1721	3 April 1721	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig
#FF7F00; border-bottom: none"}]]}">	Robert Walpole 1st Earl of Orford^[24] MP for King's Lynn^{[1708 2]}	3 April 1721	12 February 1742	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Walpole–Townshend
#FF7F00; border: none"}]]}">						George II (1727–1760)
#FF7F00; border: none"}]]}">					style=\"background:#ffe5b4;\""},{"html":""}]]}">Walpole
#FF7F00"}]]}">	Samuel Sandys^[24] MP for Worcester	12 February 1742	12 December 1743	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Carteret
#FF7F00; border:none"}]]}">	Henry Pelham^[24] MP for Sussex	12 December 1743	8 March 1754^†	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Carteret
#FF7F00; border:none"}]]}">	Henry Pelham^[24] MP for Sussex	12 December 1743	8 March 1754^†	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Broad Bottom (I & II)
#FF7F00"}]]}">	William Lee^[24] Lord Chief Justice (interim)	8 March 1754	6 April 1754	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Newcastle I
#FF7F00"}]]}">	Henry Bilson-Legge^[24] MP for Orford	6 April 1754	25 November 1755	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig
#FF7F00"}]]}">	George Lyttelton^[24] MP for Okehampton	25 November 1755	16 November 1756	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig
#FF7F00"}]]}">	Henry Bilson-Legge^[24] MP for Orford	16 November 1756	13 April 1757	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Pitt–Devonshire
#FF7F00"}]]}">	William Murray 1st Earl of Mansfield^[24] Lord Chief Justice (interim)	13 April 1757	2 July 1757	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig
#FF7F00"}]]}">		13 April 1757	2 July 1757	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">1757 Caretaker
#FF7F00; border-bottom:none"}]]}">	Henry Bilson-Legge^[24] MP for Orford → Hampshire^{[1708 3]}	2 July 1757	19 March 1761	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Pitt–Newcastle
#FF7F00; border-top:none"}]]}">		2 July 1757	19 March 1761	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig		George III (1760–1820) ^{[1708 4]}
#FF7F00"}]]}">	William Barrington 2nd Viscount Barrington^[24] MP for Plymouth	19 March 1761	29 May 1762	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig
#3333CC"}]]}">	Francis Dashwood^[24] MP for Weymouth and Melcombe Regis	29 May 1762	16 April 1763	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:#ddd;\""},{"html":""}]]}">Bute (Tory–Whig)
#FF7F00"}]]}">	George Grenville^[24] MP for Buckingham	16 April 1763	16 July 1765	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ddd;\""},{"html":""}]]}">Grenville (Whig–Tory)
#FF7F00"}]]}">	William Dowdeswell^[24] MP for Worcestershire	16 July 1765	2 August 1766	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Rockingham I
#FF7F00"}]]}">	Charles Townshend^[24] MP for Harwich	2 August 1766	4 September 1767^†	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ddd;\""},{"html":""}]]}">Chatham (Whig–Tory)
#3333CC; border:none"}]]}">	Frederick North Lord North^[24] MP for Banbury	11 September 1767	27 March 1782	style=\"background:LightBlue;\""},{"html":""}]]}">Tory
#3333CC; border:none"}]]}">					style=\"background:#ddd;\""},{"html":""}]]}">Grafton
#3333CC; border:none"}]]}">					style=\"background:LightBlue;\""},{"html":""}]]}">North
#FF7F00"}]]}">	Lord John Cavendish^[24] MP for York	27 March 1782	10 July 1782	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Rockingham II
#FF7F00"}]]}">	William Pitt the Younger^[24] MP for Appleby	10 July 1782	31 March 1783	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ddd;\""},{"html":""}]]}">Shelburne (Whig–Tory)
#FF7F00"}]]}">	Lord John Cavendish^[24] MP for York	2 April 1783	19 December 1783	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ddd;\""},{"html":""}]]}">Fox–North
#3333CC"}]]}">	William Pitt the Younger^[24] MP for Appleby → Cambridge University^{[1708 5]}	19 December 1783	14 March 1801	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:LightBlue;\""},{"html":""}]]}">Pitt I
#3333CC"}]]}">	Henry Addington^[24] MP for Devizes	14 March 1801	10 May 1804	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:LightBlue;\""},{"html":""}]]}">Addington
#3333CC"}]]}">	William Pitt the Younger^[24] MP for Cambridge University	10 May 1804	23 January 1806^†	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:LightBlue;\""},{"html":""}]]}">Pitt II
#3333CC"}]]}">	Edward Law 1st Baron Ellenborough^[24] Lord Chief Justice (interim)	23 January 1806	5 February 1806	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:#ddd;\""},{"html":""}]]}">All the Talents (Whig–Tory)
#FF7F00"}]]}">	Lord Henry Petty-Fitzmaurice^[24] MP for Cambridge University	5 February 1806	26 March 1807	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig
#3333CC"}]]}">	Spencer Perceval^[24] MP for Northampton	26 March 1807	11 May 1812^†	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:LightBlue;\""},{"html":""}]]}">Portland II
#3333CC"}]]}">	Spencer Perceval^[24] MP for Northampton	26 March 1807	11 May 1812^†	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:LightBlue;\""},{"html":""}]]}">Perceval
#3333CC"}]]}">	Nicholas Vansittart^[25] MP for East Grinstead → Harwich^{[1708 6]}	9 June 1812	12 July 1817	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:LightBlue;\""},{"html":""}]]}">Liverpool

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[1 1]
Lord Parker served as Regent of Great Britain from 1 August to 18 September 1714.
[1 2]
Elevated to the Peerage of Great Britain on 6 February 1742.
[1 3]
Elected to a new constituency in the Hampshire by-election.
[1 4]
The Prince of Wales served as prince regent from 5 February 1811.
[1 5]
Elected to a new constituency in the 1784 general election.
[1 6]
Elected to a new constituency in the 1812 general election.

United Kingdom (1817–present)

Although the Kingdoms of Great Britain and Ireland had been united by the Acts of Union 1800, the Exchequers of the two Kingdoms were not consolidated until 1817 under the Consolidated Fund Act 1816 (56 Geo. 3. c. 98).^[26]^[27] For the holders of the Irish office before this date, see Chancellor of the Exchequer of Ireland.

More information Term of office, Party ...

Chancellor of the Exchequer^[a]		Term of office		Party	Ministry	Monarch (Reign)
#3333CC; border-bottom: none"}]]}">	Nicholas Vansittart^[24] MP for Harwich	12 July 1817	31 January 1823	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:LightBlue;\""},{"html":""}]]}">Liverpool	George III (1760–1820) ^{[1817 1]}
#3333CC; border-top: none"}]]}">	Nicholas Vansittart^[24] MP for Harwich	12 July 1817	31 January 1823	style=\"background:LightBlue;\""},{"html":""}]]}">Tory		George IV (1820–1830)
#3333CC"}]]}">	Frederick John Robinson^[28] MP for Ripon	31 January 1823	27 April 1827	style=\"background:LightBlue;\""},{"html":""}]]}">Tory
#3333CC"}]]}">	George Canning^[29] MP for Seaford	27 April 1827	8 August 1827^†	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:#ddd;\""},{"html":""}]]}">Canning (Canningite–Whig)
#3333CC"}]]}">	Charles Abbott 1st Baron Tenterden Lord Chief Justice (interim)	8 August 1827	5 September 1827	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:#ddd;\""},{"html":""}]]}">Goderich
#3333CC"}]]}">	John Charles Herries^[30] MP for Harwich	5 September 1827	26 January 1828	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:#ddd;\""},{"html":""}]]}">Goderich
#3333CC; border-bottom:none"}]]}">	Henry Goulburn^[24] MP for Armagh	26 January 1828	22 November 1830	style=\"background:LightBlue;\""},{"html":""}]]}">Tory	style=\"background:LightBlue;\""},{"html":""}]]}">Wellington–Peel
#3333CC; border-top:none"}]]}">	Henry Goulburn^[24] MP for Armagh	26 January 1828	22 November 1830	style=\"background:LightBlue;\""},{"html":""}]]}">Tory		William IV (1830–1837)
#FF7F00"}]]}">	John Spencer Viscount Althorp^[24] MP for Northamptonshire → South Northamptonshire^{[1817 2]}	22 November 1830	14 November 1834	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Grey
#FF7F00"}]]}">		22 November 1830	14 November 1834	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Melbourne I
#FF7F00"}]]}">	Thomas Denman 1st Baron Denman Lord Chief Justice (interim)	14 November 1834	15 December 1834	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:LightBlue;\""},{"html":""}]]}">Wellington Caretaker
#0087DC"}]]}">	Robert Peel^[24] MP for Tamworth	15 December 1834	8 April 1835	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Peel I
#FF7F00; border-bottom:none"}]]}">	Thomas Spring Rice^[24] MP for Cambridge	18 April 1835	26 August 1839	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Melbourne II
#FF7F00; border-top:none"}]]}">	Thomas Spring Rice^[24] MP for Cambridge	18 April 1835	26 August 1839	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig		Victoria (1837–1901)
#FF7F00"}]]}">	Francis Baring^[24] MP for Portsmouth	26 August 1839	30 August 1841	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig
#0087DC"}]]}">	Henry Goulburn^[24] MP for Cambridge University	3 September 1841	27 June 1846	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Peel II
#FF7F00"}]]}">	Charles Wood^[24] MP for Halifax	6 July 1846	21 February 1852	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Russell I
#0087DC"}]]}">	Benjamin Disraeli^[24] MP for Buckinghamshire	27 February 1852	17 December 1852	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Who? Who?
#99FF99"}]]}">	William Ewart Gladstone^[24] MP for Oxford University	28 December 1852	28 February 1855	style=\"background:#d0f0c0;\""},{"html":""}]]}">Peelite	style=\"background:#ddd;\""},{"html":""}]]}">Aberdeen (Peelite–Whig)
#FF7F00"}]]}">	George Cornewall Lewis^[24] MP for Radnor	28 February 1855	21 February 1858	style=\"background:#ffe5b4;\""},{"html":""}]]}">Whig	style=\"background:#ffe5b4;\""},{"html":""}]]}">Palmerston I
#0087DC"}]]}">	Benjamin Disraeli^[24] MP for Buckinghamshire	26 February 1858	11 June 1859	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Derby–Disraeli II
#FFD700"}]]}">	William Ewart Gladstone^[24] MP for Oxford University → South Lancashire^{[1817 3]}	18 June 1859	26 June 1866	style=\"background:#ffd;\""},{"html":""}]]}">Liberal	style=\"background:#ffd;\""},{"html":""}]]}">Palmerston II
#FFD700"}]]}">		18 June 1859	26 June 1866	style=\"background:#ffd;\""},{"html":""}]]}">Liberal	style=\"background:#ffd;\""},{"html":""}]]}">Russell II
#0087DC"}]]}">	Benjamin Disraeli^[24] MP for Buckinghamshire	6 July 1866	29 February 1868	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Derby–Disraeli III
#0087DC"}]]}">	George Ward Hunt^[24] MP for North Northamptonshire	29 February 1868	1 December 1868	style=\"background:#def;\""},{"html":""}]]}">Conservative
#FFD700"}]]}">	Robert Lowe^[24] MP for London University	9 December 1868	11 August 1873	style=\"background:#ffd;\""},{"html":""}]]}">Liberal	style=\"background:#ffd;\""},{"html":""}]]}">Gladstone I
#FFD700"}]]}">	William Ewart Gladstone^[24] MP for Greenwich	11 August 1873	17 February 1874	style=\"background:#ffd;\""},{"html":""}]]}">Liberal	style=\"background:#ffd;\""},{"html":""}]]}">Gladstone I
#0087DC"}]]}">	Stafford Northcote^[24] MP for North Devonshire	21 February 1874	21 April 1880	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Disraeli II
#FFD700"}]]}">	William Ewart Gladstone^[24] MP for Midlothian	28 April 1880	16 December 1882	style=\"background:#ffd;\""},{"html":""}]]}">Liberal	style=\"background:#ffd;\""},{"html":""}]]}">Gladstone II
#FFD700"}]]}">	Hugh Childers^[24] MP for Pontefract	16 December 1882	9 June 1885	style=\"background:#ffd;\""},{"html":""}]]}">Liberal	style=\"background:#ffd;\""},{"html":""}]]}">Gladstone II
#0087DC"}]]}">	Michael Hicks Beach^[24] MP for Bristol West	24 June 1885	28 January 1886	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Salisbury I
#FFD700"}]]}">	William Harcourt^[24] MP for Derby	6 February 1886	20 July 1886	style=\"background:#ffd;\""},{"html":""}]]}">Liberal	style=\"background:#ffd;\""},{"html":""}]]}">Gladstone III
#0087DC"}]]}">	Lord Randolph Churchill^[24] MP for Paddington South	3 August 1886	22 December 1886	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Salisbury II
#2061A2"}]]}">	George Goschen^[24] MP for St George Hanover Square	14 January 1887	11 August 1892	style=\"background:#d2dfec\""},{"html":""}]]}">Liberal Unionist	style=\"background:#def;\""},{"html":""}]]}">Salisbury II
#FFD700"}]]}">	William Harcourt^[24] MP for Derby	18 August 1892	21 June 1895	style=\"background:#ffd;\""},{"html":""}]]}">Liberal	style=\"background:#ffd;\""},{"html":""}]]}">Gladstone IV
#FFD700"}]]}">	William Harcourt^[24] MP for Derby	18 August 1892	21 June 1895	style=\"background:#ffd;\""},{"html":""}]]}">Liberal	style=\"background:#ffd;\""},{"html":""}]]}">Rosebery
#0087DC; border-bottom:none"}]]}">	Michael Hicks Beach^[24] MP for Bristol West	29 June 1895	11 August 1902	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#ddd;\""},{"html":""}]]}">Salisbury (III & IV) (Con.–Lib.U.)
#0087DC; border-top:none"}]]}">	Michael Hicks Beach^[24] MP for Bristol West	29 June 1895	11 August 1902	style=\"background:#def;\""},{"html":""}]]}">Conservative		Edward VII (1901–1910)
#0087DC"}]]}">	Charles Ritchie^[24] MP for Croydon	11 August 1902	9 October 1903	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#ddd;\""},{"html":""}]]}">Balfour
#2061A2"}]]}">	Austen Chamberlain^[24] MP for East Worcestershire	9 October 1903	4 December 1905	style=\"background:#d2dfec\""},{"html":""}]]}">Liberal Unionist	style=\"background:#ddd;\""},{"html":""}]]}">Balfour
#FFD700"}]]}">	Herbert Henry Asquith^[24] MP for East Fife	10 December 1905	16 April 1908	style=\"background:#ffd;\""},{"html":""}]]}">Liberal	style=\"background:#ffd;\""},{"html":""}]]}">Campbell-Bannerman
#FFD700; border-bottom:none"}]]}">	David Lloyd George^[31] MP for Caernarvon Boroughs	16 April 1908	25 May 1915	style=\"background:#ffd;\""},{"html":""}]]}">Liberal	style=\"background:#ffd;\""},{"html":""}]]}">Asquith (I–III)
#FFD700; border-top:none"}]]}">	David Lloyd George^[31] MP for Caernarvon Boroughs	16 April 1908	25 May 1915	style=\"background:#ffd;\""},{"html":""}]]}">Liberal		George V (1910–1936)
#FFD700"}]]}">	Reginald McKenna^[24] MP for North Monmouthshire	25 May 1915	10 December 1916	style=\"background:#ffd;\""},{"html":""}]]}">Liberal	style=\"background:#ddd;\""},{"html":""}]]}">Asquith Coalition (Lib.–Con.–et al.)
#0087DC"}]]}">	Bonar Law^[24] MP for Bootle → Glasgow Central^{[1817 4]}	10 December 1916	10 January 1919	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#ddd;\""},{"html":""}]]}">Lloyd George (I & II)
#0087DC"}]]}">	Austen Chamberlain^[24] MP for Birmingham West	10 January 1919	1 April 1921	style=\"background:#def;\""},{"html":""}]]}">Conservative
#0087DC"}]]}">	Robert Horne^[24] MP for Glasgow Hillhead	1 April 1921	19 October 1922	style=\"background:#def;\""},{"html":""}]]}">Conservative
#0087DC; border:none"}]]}">	Stanley Baldwin^[24] MP for Bewdley	27 October 1922	27 August 1923	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Law
#0087DC; border:none"}]]}">	Stanley Baldwin^[24] MP for Bewdley	27 October 1922	27 August 1923	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Baldwin I
#0087DC"}]]}">	Neville Chamberlain^[24] MP for Birmingham Ladywood	27 August 1923	22 January 1924	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Baldwin I
#E4003B"}]]}">	Philip Snowden^[24] MP for Colne Valley	22 January 1924	3 November 1924	style=\"background:#fcc;\""},{"html":""}]]}">Labour	style=\"background:#fcc;\""},{"html":""}]]}">MacDonald I
#0087DC"}]]}">	Winston Churchill^[24] MP for Epping Chancellorship	6 November 1924	4 June 1929	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Baldwin II
#E4003B"}]]}">	Philip Snowden^[24] MP for Colne Valley	7 June 1929	5 November 1931	style=\"background:#fcc;\""},{"html":""}]]}">Labour	style=\"background:#fcc;\""},{"html":""}]]}">MacDonald II
green"}]]}">	Philip Snowden^[24] MP for Colne Valley	7 June 1929	5 November 1931	style=\"background:#d0f0c0;\""},{"html":""}]]}">National Labour	style=\"background:#ddd;\""},{"html":""}]]}">National I (N.Lab.–Con.–et al.)
#0087DC; border: none"}]]}">	Neville Chamberlain^[24] MP for Birmingham Edgbaston	5 November 1931	28 May 1937	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#ddd;\""},{"html":""}]]}">National II
#0087DC; border: none"}]]}">					style=\"background:#ddd;\""},{"html":""}]]}">National III (Con.–N.Lab.–et al.)
#0087DC; border: none"}]]}">						Edward VIII (1936)
#0087DC; border: none"}]]}">						George VI (1936–1952)
#AFEEEE"}]]}">	John Simon^[24] MP for Spen Valley	28 May 1937	12 May 1940	style=\"background:#d8ffff\""},{"html":""}]]}">Liberal National	style=\"background:#ddd;\""},{"html":""}]]}">National IV
#AFEEEE"}]]}">	John Simon^[24] MP for Spen Valley	28 May 1937	12 May 1940		style=\"background:#ddd;\""},{"html":""}]]}">Chamberlain War
#0087DC"}]]}">	Kingsley Wood^[24] MP for Woolwich West	12 May 1940	21 September 1943^†	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#ddd;\""},{"html":""}]]}">Churchill War (All parties)
#cccccc; border:none"}]]}">	John Anderson^[24] MP for Combined Scottish Universities	24 September 1943	26 July 1945	style=\"background:#ddd;\""},{"html":""}]]}">Independent (National)
#cccccc; border:none"}]]}">		24 September 1943	26 July 1945		style=\"background:#ddd;\""},{"html":""}]]}">Churchill Caretaker (Con.–Lib.N.)
#E4003B"}]]}">	Hugh Dalton^[24] MP for Bishop Auckland	27 July 1945	13 November 1947	style=\"background:#fcc;\""},{"html":""}]]}">Labour	style=\"background:#fcc;\""},{"html":""}]]}">Attlee (I & II)
#E4003B"}]]}">	Stafford Cripps^[24] MP for Bristol East → Bristol South East^{[1817 5]}	13 November 1947	19 October 1950	style=\"background:#fcc;\""},{"html":""}]]}">Labour
#E4003B"}]]}">	Hugh Gaitskell^[24] MP for Leeds South	19 October 1950	26 October 1951	style=\"background:#fcc;\""},{"html":""}]]}">Labour
#0087DC; border-bottom:none"}]]}">	Richard Austen Butler^[24] MP for Saffron Walden	26 October 1951	20 December 1955	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Churchill III
#0087DC; border:none"}]]}">					style=\"background:#def;\""},{"html":""}]]}">Churchill III	Elizabeth II (1952–2022)
#0087DC; border-top:none"}]]}">					style=\"background:#def;\""},{"html":""}]]}">Eden
#0087DC"}]]}">	Harold Macmillan^[24] MP for Bromley	20 December 1955	13 January 1957	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Eden
#0087DC"}]]}">	Peter Thorneycroft^[24] MP for Monmouth	13 January 1957	6 January 1958	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Macmillan (I & II)
#0087DC"}]]}">	Derick Heathcoat-Amory^[24] MP for Tiverton	6 January 1958	27 July 1960	style=\"background:#def;\""},{"html":""}]]}">Conservative
#0087DC"}]]}">	Selwyn Lloyd^[24] MP for Wirral	27 July 1960	13 July 1962	style=\"background:#def;\""},{"html":""}]]}">Conservative
#0087DC; border:none"}]]}">	Reginald Maudling^[32] MP for Barnet	16 July 1962	16 October 1964	style=\"background:#def;\""},{"html":""}]]}">Conservative
#0087DC; border:none"}]]}">	Reginald Maudling^[32] MP for Barnet	16 July 1962	16 October 1964	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Douglas-Home
#E4003B"}]]}">	James Callaghan^[33] MP for Cardiff South East	17 October 1964	29 November 1967	style=\"background:#fcc;\""},{"html":""}]]}">Labour	style=\"background:#fcc;\""},{"html":""}]]}">Wilson (I & II)
#E4003B"}]]}">	Roy Jenkins^[34] MP for Birmingham Stechford	29 November 1967	19 June 1970	style=\"background:#fcc;\""},{"html":""}]]}">Labour
#0087DC"}]]}">	Iain Macleod^[24] MP for Enfield West	20 June 1970	20 July 1970^†	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Heath
#0087DC"}]]}">	Anthony Barber^[24] MP for Altrincham and Sale	25 July 1970	4 March 1974	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Heath
#E4003B"}]]}">	Denis Healey^[24] MP for Leeds East	5 March 1974	4 May 1979	style=\"background:#fcc;\""},{"html":""}]]}">Labour	style=\"background:#fcc;\""},{"html":""}]]}">Wilson (III & IV)
#E4003B"}]]}">	Denis Healey^[24] MP for Leeds East	5 March 1974	4 May 1979	style=\"background:#fcc;\""},{"html":""}]]}">Labour	style=\"background:#fcc;\""},{"html":""}]]}">Callaghan
#0087DC"}]]}">	Geoffrey Howe^[24] MP for East Surrey	4 May 1979	11 June 1983	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Thatcher I
#0087DC; border:none"}]]}">	Nigel Lawson^[24] MP for Blaby	11 June 1983	26 October 1989	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Thatcher II
#0087DC; border:none"}]]}">	Nigel Lawson^[24] MP for Blaby	11 June 1983	26 October 1989	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Thatcher III
#0087DC"}]]}">	John Major^[24] MP for Huntingdon	26 October 1989	28 November 1990	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Thatcher III
#0087DC; border:none"}]]}">	Norman Lamont^[24] MP for Kingston-upon-Thames	28 November 1990	27 May 1993	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Major I
#0087DC; border:none"}]]}">	Norman Lamont^[24] MP for Kingston-upon-Thames	28 November 1990	27 May 1993	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Major II
#0087DC"}]]}">	Kenneth Clarke^[24] MP for Rushcliffe	27 May 1993	2 May 1997	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Major II
#E4003B"}]]}">	Gordon Brown^[24] MP for Dunfermline East → Kirkcaldy and Cowdenbeath^{[1817 6]} Chancellorship	2 May 1997	27 June 2007	style=\"background:#fcc;\""},{"html":""}]]}">Labour	style=\"background:#fcc;\""},{"html":""}]]}">Blair (I, II & III)
#E4003B"}]]}">	Alistair Darling^[35] MP for Edinburgh South West	28 June 2007	11 May 2010	style=\"background:#fcc;\""},{"html":""}]]}">Labour	style=\"background:#fcc;\""},{"html":""}]]}">Brown
#0087DC"}]]}">	George Osborne^[36] MP for Tatton Chancellorship	11 May 2010	13 July 2016	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#ddd;\""},{"html":""}]]}">Cameron–Clegg (Con.–L.D.)
#0087DC"}]]}">	George Osborne^[36] MP for Tatton Chancellorship	11 May 2010	13 July 2016	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Cameron II
#0087DC"}]]}">	Philip Hammond^[37] MP for Runnymede and Weybridge	13 July 2016	24 July 2019	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">May I
#0087DC"}]]}">	Philip Hammond^[37] MP for Runnymede and Weybridge	13 July 2016	24 July 2019	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">May II
#0087DC; border:none"}]]}">	Sajid Javid^[38]^[39] MP for Bromsgrove	24 July 2019	13 February 2020	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Johnson I
#0087DC; border:none"}]]}">	Sajid Javid^[38]^[39] MP for Bromsgrove	24 July 2019	13 February 2020	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Johnson II
#0087DC"}]]}">	Rishi Sunak^[40] MP for Richmond (Yorks) Chancellorship	13 February 2020	5 July 2022	style=\"background:#def;\""},{"html":""}]]}">Conservative
#0087DC"}]]}">	Nadhim Zahawi^[41] MP for Stratford-on-Avon	5 July 2022	6 September 2022	style=\"background:#def;\""},{"html":""}]]}">Conservative
#0087DC; border: none"}]]}">‍	Kwasi Kwarteng^[42] MP for Spelthorne	6 September 2022	14 October 2022	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Truss
#0087DC; border: none"}]]}">	Kwasi Kwarteng^[42] MP for Spelthorne	6 September 2022	14 October 2022	style=\"background:#def;\""},{"html":""}]]}">Conservative		Charles III (2022–present)
#0087DC; border: none"}]]}">	Jeremy Hunt^[43]^[44] MP for South West Surrey Chancellorship	14 October 2022	5 July 2024	style=\"background:#def;\""},{"html":""}]]}">Conservative
#0087DC; border:none"}]]}">		14 October 2022	5 July 2024	style=\"background:#def;\""},{"html":""}]]}">Conservative	style=\"background:#def;\""},{"html":""}]]}">Sunak
#E4003B"}]]}">	Rachel Reeves MP for Leeds West and Pudsey Chancellorship	5 July 2024	Incumbent	style=\"background:#fcc;\""},{"html":""}]]}">Labour	style=\"background:#fcc;\""},{"html":""}]]}">Starmer

Close

[1 1]
The Prince of Wales served as prince regent from 5 February 1811.
[1 2]
Elected to a new constituency in the 1832 general election.
[1 3]
Elected to a new constituency in the 1865 general election.
[1 4]
Elected to a new constituency in the 1918 general election.
[1 5]
Elected to a new constituency in the 1950 general election.
[1 6]
Elected to a new constituency in the 2005 general election.

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1817–present

Including constituencies for elected MPs.

[1]
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[2]
"Pay and expenses for MPs". parliament.uk. Retrieved 15 July 2024.
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[18]
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Official website

[24] [1 1]
Served until 1264.

[25] [1 2]
Lord Lancaster served as Regent of England during the minority of Edward III.

[26] [1 3]
The Regency government led by the Regency Council governed England during the minority of Henry VI.

[27] [1 4]
The Duke of Gloucester served as Regent of England during the reign of Edward V.

[28] [1 5]
Served until 1488.

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Margaret Beaufort served as Regent of England during the minority of Henry VIII.

[30] [1 7]
The Duke of Somerset and Duke of Northumberland served as Regent of England successively during the reign of Edward VI.

[33] [1 1]
Served until 1589 during the 9th Parliament of Queen Elizabeth I.

[34] [1 2]
Served from 1601 prior to the Golden Speech.

[35] [1 3]
Served during the 3rd Parliament of King James I in 1621.

[36] [1 4]
Elected to a new constituency in the 1695 general election.

[37] [1 5]
Elected to a new constituency in the 1705 general election.

[38] [1 1]
Lord Parker served as Regent of Great Britain from 1 August to 18 September 1714.

[39] [1 2]
Elevated to the Peerage of Great Britain on 6 February 1742.

[40] [1 3]
Elected to a new constituency in the Hampshire by-election.

[41] [1 4]
The Prince of Wales served as prince regent from 5 February 1811.

[42] [1 5]
Elected to a new constituency in the 1784 general election.

[44] [1 6]
Elected to a new constituency in the 1812 general election.

[47] [1 1]
The Prince of Wales served as prince regent from 5 February 1811.

[51] [1 2]
Elected to a new constituency in the 1832 general election.

[52] [1 3]
Elected to a new constituency in the 1865 general election.

[54] [1 4]
Elected to a new constituency in the 1918 general election.

[55] [1 5]
Elected to a new constituency in the 1950 general election.

[59] [1 6]
Elected to a new constituency in the 2005 general election.

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Chancellor of the Exchequer

Fiscal policy

Monetary policy

Ministerial arrangements

Official residence

Dorneywood

Budget box

Budget tipple

Robe of office

England (c. 1221 – c. 1558)

England (c. 1558 – 1708)

Great Britain (1708–1817)

United Kingdom (1817–present)

1817–present

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Second Lord of the Treasury

Roles and responsibilities

Perquisites of the office

List of chancellors of the exchequer

Timeline

See also

Notes

References

Further reading

External links

United Kingdom Chancellor of the Exchequer Second Lord of the Treasury
Royal Arms of His Majesty's Government
Incumbent Rachel Reeves since 5 July 2024
His Majesty's Treasury
Style	The Chancellor (informal) The Right Honourable (within the UK and Commonwealth)
Type	Minister of the Crown
Status	Great Office of State
Member of	Cabinet Privy Council National Security Council
Reports to	First Lord of the Treasury (Prime Minister of the United Kingdom)
Residence	11 Downing Street
Seat	Westminster
Nominator	The Prime Minister
Appointer	The Monarch (on the advice of the Prime Minister)
Term length	At His Majesty's pleasure
Formation	c. 1221
First holder	Eustace of Fauconberg (in the Kingdom of England only)
Deputy	Chief Secretary to the Treasury
Salary	£163,891 per annum (2024)^[1] (including £91,346 MP salary)^[2]
Website	Official website