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| In the UK, the '''Chancellor of the Exchequer''' is the government minister responsible for financial matters. |
In the ], the '''Chancellor of the Exchequer''' is the government minister responsible for financial matters. Historically these included monetary policy as well as fisca policy, but this ended when the ] was granted independence in ]. The Chancellor (in consultation with the ]) frames the annual "Budget" and delivers it as a speech to Parliament (typically on a Tuesday in mid-March) | ||
| The Chancellor's department is the ] where she/he 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 to whom the negotiations with other government departments on the details of government spending are delegated. | |||
| ⚫ | The official residence of the Chancellor of the Exchequer is 11 ], ] - next door to the ]. However when ] became Prime Minister in ], he swapped residences with his Chancellor, ], because Number 11 is the larger residence (Blair had a family and Brown was at that time a bachelor). | ||
| ⚫ | The official residence of the Chancellor of the Exchequer is 11 ], ] - next door to the ]. However when ] became Prime Minister in ], he swapped residences with his Chancellor, ], because Number 11 is the larger residence (Blair had a family and Brown was at that time a bachelor). | ||
Revision as of 17:22, 23 October 2002
In the UK, the Chancellor of the Exchequer is the government minister responsible for financial matters. Historically these included monetary policy as well as fisca policy, but this ended when the Bank of England was granted independence in 1997. The Chancellor (in consultation with the Prime Minister) frames the annual "Budget" and delivers it as a speech to Parliament (typically on a Tuesday in mid-March)
The Chancellor's department is the Treasury where she/he 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 to whom the negotiations with other government departments on the details of government spending are delegated.
The official residence of the Chancellor of the Exchequer is 11 Downing Street, London - next door to the Prime Minister. However when Tony Blair became Prime Minister in 1997, he swapped residences with his Chancellor, Gordon Brown, because Number 11 is the larger residence (Blair had a family and Brown was at that time a bachelor).