What does chancellor of the exchequer mean?

Definitions for chancellor of the exchequer
chan·cel·lor of the exche·quer

This dictionary definitions page includes all the possible meanings, example usage and translations of the word chancellor of the exchequer.

Princeton's WordNet

  1. Chancellor of the Exchequer, Chancellornoun

    the British cabinet minister responsible for finance

Wiktionary

  1. Chancellor of the Exchequernoun

    The official title held by the British cabinet minister, who is responsible for all governmental economic and financial matters, including the treasury.

Wikipedia

  1. Chancellor of the Exchequer

    The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and 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. 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. 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. They 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. 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.

ChatGPT

  1. chancellor of the exchequer

    The Chancellor of the Exchequer is a senior official within the government who is responsible for all economic and financial matters. It's a role similar to that of a finance minister in other countries. The post is usually regarded as the second most important in the UK Government, after the Prime Minister. The Chancellor of the Exchequer is responsible for budgetary and fiscal policy, managing public finances, and is the head of the Treasury.

Wikidata

  1. Chancellor of the Exchequer

    The Chancellor of the Exchequer is the title held by the British Cabinet minister who is responsible for all economic and financial matters, equivalent to the role of Minister of Finance or Secretary of the Treasury in other nations. Often simply called the Chancellor, the office-holder controls HM Treasury. The position is considered one of the four Great Offices of State, and in recent times has come to be the most powerful office in British politics after the Prime Minister. It is the only office of the four Great Offices not to have been occupied by a woman. The Chancellor of the Exchequer is now always Second Lord of the Treasury as one of the Lords Commissioners for executing the office of Lord High Treasurer. In the 18th and early 19th centuries it was common for the Prime Minister to also 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. The last Lord Chief Justice to serve in this way was Lord Denman in 1834.

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How to pronounce chancellor of the exchequer?

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Numerology

  1. Chaldean Numerology

    The numerical value of chancellor of the exchequer in Chaldean Numerology is: 4

  2. Pythagorean Numerology

    The numerical value of chancellor of the exchequer in Pythagorean Numerology is: 8

Examples of chancellor of the exchequer in a Sentence

  1. David Cameron:

    The increasing threat we face including from these so-called self-starting terrorists means that we should now go further in strengthening our capabilities, the Chancellor of the Exchequer will make an additional 130 million pounds available over the next two years including new funding to enhance our ability to monitor and disrupt these self-starting terrorists.

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"chancellor of the exchequer." Definitions.net. STANDS4 LLC, 2024. Web. 24 Apr. 2024. <https://www.definitions.net/definition/chancellor+of+the+exchequer>.

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