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Chancellor of the Exchequer

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In the UK, the Chancellor of the Exchequer is the government minister responsible for financial matters. His/her duties include the presentation of the annual "Budget" to Parliament in the spring of each year.

The official residence of the Chancellor of the Exchequer is 11 Downing Street, London - next door to the Prime Minister of the United Kingdom. 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).