Chancellor of the Exchequer

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United Kingdom
Chancellor of the Exchequer
Flag of the United Kingdom.svg
Royal Coat of Arms of the United Kingdom (HM Government).svg
George osborne hi.jpg
Incumbent
The Rt. Hon. George Osborne, MP

since 12 May 2010
Her Majesty's Treasury
StyleThe Right Honourable
as a member of the Privy Council
Residence11 Downing Street
Westminster, London
United Kingdom
AppointerHM the Queen
on advice of the Prime Minister
Inaugural holderHervey de Stanton
(England only)
Formation22 June 1316
 
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United Kingdom
Chancellor of the Exchequer
Flag of the United Kingdom.svg
Royal Coat of Arms of the United Kingdom (HM Government).svg
George osborne hi.jpg
Incumbent
The Rt. Hon. George Osborne, MP

since 12 May 2010
Her Majesty's Treasury
StyleThe Right Honourable
as a member of the Privy Council
Residence11 Downing Street
Westminster, London
United Kingdom
AppointerHM the Queen
on advice of the Prime Minister
Inaugural holderHervey de Stanton
(England only)
Formation22 June 1316
Royal Coat of Arms of the United Kingdom (HM Government).svg
This article is part of a series on the
politics and government of
the United Kingdom

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.[citation needed]

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.[1] 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,[citation needed] one which originally carried responsibility for the Exchequer, the medieval English institution for the collection of royal revenues. The Exchequer dates from the time of Henry I. The Chancellor controlled monetary policy as well as fiscal policy until 1997, when the Bank of England was granted independent control of its interest rates. The Chancellor also has oversight of public spending across Government departments.

The office should not be confused with those of the Lord Chancellor or the Chancellor of the Duchy of Lancaster, both Cabinet posts, the Chancellor of the High Court, a senior judge, or the Chief Baron of the Exchequer, a defunct judicial office.

The current Chancellor of the Exchequer is George Osborne.

Roles and responsibilities[edit]

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[edit]

The Chancellor has considerable control over other departments as it is the Treasury which sets departmental expenditure limits. The amount of power this gives to an individual Chancellor depends on his personal forcefulness, his status with his party and his 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 his job throughout his ten years as Prime Minister; making Brown an unusually dominant figure and the longest serving Chancellor since the Reform Act of 1832.[2] This situation has strengthened a pre-existing trend towards the Chancellorship moving into a clear second among government offices, elevated above its traditional peers, the Foreign Secretaryship and Home Secretaryship.

One part of the Chancellor's key roles involves the framing of the annual Budget, which is summarised in a speech to the House of Commons. Traditionally the budget speech was delivered on Budget Day, a Tuesday (although not always) in March, as Britain's tax year follows the Julian Calendar. From 1993, the Budget was preceded by an annual 'Autumn Statement', now called the Pre-Budget Report, which forecasts government spending in the next year and usually takes place in November or December. This preview of the next year's Budget is also referred to as the "mini-Budget". The 1997, 2001, 2002, 2003, 2006, 2007, 2008 and 2012 Budgets were all delivered on a Wednesday.

Monetary policy[edit]

Although the Bank of England is responsible for setting interest rates, the Chancellor also plays an important part in the monetary policy structure. He sets 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. He also has 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.[3] 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 used.

Ministerial arrangements[edit]

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. 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 holder of the office of Chancellor is ex-officio Second Lord of the Treasury. As Second Lord, his official residence is Number 11 Downing Street in London, next door to the residence of the First Lord of the Treasury (a post usually, though not always, 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 a small apartment made from attic rooms previously resided in by servants.

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 Finance bills, the office is effectively limited to members of the House of Commons.

Perquisites of the office[edit]

Official residence[edit]

The Chancellor's official residence is No. 11 Downing Street. In 1997, the then First and Second Lords, Tony Blair and Gordon Brown respectively, swapped apartments, as the Chancellor's apartment in No. 11 was bigger and thus better suited to the needs of Blair (who had minor children living with him, including one born during his tenure) than Brown who was at that stage unmarried.

Dorneywood[edit]

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)[4] of parkland, was allocated to Deputy Prime Minister John Prescott. It reverted to the Chancellor in 2007, then Alistair Darling.[5]

Budget box[edit]

Budget box or Gladstone box, c. 1860

The Chancellor traditionally carries his Budget speech to the House of Commons in a particular red briefcase. The Chancellor's red briefcase is identical to the briefcases used by all other government ministers (known as ministerial boxes or "red boxes") to transport their official papers but is better known because the Chancellor traditionally displays the briefcase, containing the Budget speech, to the press in the morning before delivering the speech.

The original Budget briefcase was first used by William Ewart Gladstone in 1860 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 briefcase 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.[citation needed]

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 initials and crest and the Chancellor's title. In his first Budget, in March 2008, Alistair Darling reverted to using the original budget briefcase and his successor, George Osborne, continued this tradition for his first budget, before announcing that it would be retired due to its fragile condition.[6] The key to the original budget box has been lost.[7]

Budget tipple[edit]

By tradition, the Chancellor has been allowed to drink whatever he or she wishes whilst 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), spritzer (Nigel Lawson) and sherry and beaten egg (William Gladstone).[8]

The current Chancellor, George Osborne, like his two predecessors, Alistair Darling and Gordon Brown,[9] opts 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.[10]

Robe of office[edit]

The Chancellor has a robe of office, 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.

List of Chancellors of the Exchequer[edit]

Chancellors of the Exchequer of England, c.1221–c.1558[edit]

NamePortraitTook officeLeft office
Eustace of Fauconberg (Bishop of London)c.1221
John Maunsell1234
Ralf de Leicestretemp Henry III1248
Edward of Westminster1248
Albric de Fiscamptemp Henry III
Godfrey Giffard12661268
Roger de la Leyetemp Henry III (c.1276)
Geoffrey de Neubandtemp Edward I
Philip de Willoughby12831305
John Benstead13051306
John Sandale (Bishop of Winchester)13071308
John of Markenfield13091312
John Hotham (Bishop of Ely)13121316
Hervey de Stanton1316
Walter of Stapeldon1323
Hervey de Stanton13241327
Adam de Harvington (or Herwynton)13271330
Robert Wodehouse13301331
Robert de Stratford (Bishop of Chichester)13311334
John Hildeslec.1338
William de Everdon1341
William Ashby (Archdeacon of Northampton)1363
Sir Robert de Ashton13751377
Sir Walter Barnham13771399
Henry Somer14101437
John Somerseth14411447
Thomas Browne ?1440 ?1450
Thomas Witham1454
Thomas Thwaites1461
Thomas Witham14651469
Richard Fowler14691471
Thomas Thwaites14711483
William Catesby1483
Sir Thomas Lovell14851524
John Bourchier, 2nd Baron BernersJohn Bourchier, 2nd Baron Berners by Ambrosius Benson.jpg1524 ?1533
Thomas Cromwell, 1st Earl of EssexCromwell,Thomas(1EEssex)01.jpg15331540
Sir John BakerSirJohnBaker.jpg15451558

Chancellors of the Exchequer of England, c. 1558–1708[edit]

NamePortraitTook officeLeft office
Sir Richard SackvilleNo image.svgc. 15591566
Sir Walter MildmayMildmay.jpg15661589
Sir John FortescueNo image.svg15891603
The Earl of DunbarNo image.svg16031606
Sir Julius CaesarSirJuliusCaesarCrop.jpg16061614
Sir Fulke GrevilleFulke Greville 1st Baron Brooke.jpg16141621
Sir Richard WestonRichardWeston.jpg16211628
The Lord Barrett of NewburghNo image.svg16281629
Francis Cottington, Lord Cottington from 1631Francis Cottington, 1st Baron Cottington from NPG.jpg16291642
Sir John Colepeper MP1stLordColepeper.jpg2 January 164222 February 1643[11]
Sir Edward HydeWH 1st Earl of Clarendon.pngFebruary 1643[12]1646
The Lord AshleyAnthony Ashley-Cooper, 1st Earl of Shaftesbury.jpg13 May 166122 November 1672
Sir John Duncombe MPNo image.svg22 November 16722 May 1676
Sir John Ernle MPNo image.svg2 May 16769 April 1689
The Lord DelamereWarrington.jpg9 April 168918 March 1690
Richard Hampden MPNo image.svg18 March 169010 May 1694
Charles Montagu MP1stEarlOfHalifax.jpg10 May 16942 June 1699
John Smith MPJohnSmithSpeaker.jpg2 June 169927 March 1701
Henry Boyle MPCarletonBaron.jpg27 March 170122 April 1708

Chancellors of the Exchequer of Great Britain, 1708–1817[edit]

NamePortraitTerm of officePolitical partyPrime Minister
Sir John SmithJohnSmithSpeaker.jpg22 April 170811 August 1710Whig(Coalition Min.)
Robert HarleyRobertHarley1710.jpg11 August 17104 June 1711Tory(Harley Min.)
Robert BensonRobert Benson, Lord Bingley.jpg4 June 171121 August 1713Tory
Sir William Wyndham, BtSir William Wyndham, 3rd Bt by Jonathan Richardson.jpg21 August 171313 October 1714Tory
Sir Richard Onslow, Bt1stLordOnslow.jpg13 October 171412 October 1715Whig(Townshend Min.)
Robert WalpoleRobertwalpole cropped cropped.jpg12 October 171515 April 1717Whig
The Viscount Stanhope of MahonJames Stanhope, 1st Earl Stanhope by Sir Godfrey Kneller, Bt.jpg15 April 171720 March 1718Whig(1st Stanhope–Sunderland Min.)
John AislabieJohnAislabie.jpg20 March 171823 January 1721Whig(2nd Stanhope–Sunderland Min.)
Sir John Pratt
(interim: Lord Chief Justice of the King's Bench)
Sir John Pratt LCJ.jpg2 February 17213 April 1721Whig
Sir Robert WalpoleRobertwalpole cropped cropped.jpg3 April 172112 February 1742WhigSir Robert Walpole
Samuel Sandys1stLordSandys.jpg12 February 174212 December 1743WhigThe Earl of Wilmington
Henry Pelham[13]Henry Pelham by William Hoare.jpg12 December 17438 March 1754WhigHenry Pelham
Sir William Lee
(interim: Lord Chief Justice of the King's Bench)
Sir William Lee by C.F. Barker cropped.jpg8 March 17546 April 1754WhigThe Duke of Newcastle
Henry Bilson LeggeHenryBilsonLegge.jpg6 April 175425 November 1755Whig
Sir George Lyttelton, BtGeorge Lyttelton, 1st Baron Lyttelton from NPG.jpg25 November 175516 November 1756Whig
Henry Bilson LeggeHenryBilsonLegge.jpg16 November 175613 April 1757WhigThe Duke of Devonshire
The Lord Mansfield
(interim: Lord Chief Justice of the King's Bench)
William Murray, 1st Earl of Mansfield.jpg13 April 17572 July 1757Whig
Henry Bilson LeggeHenryBilsonLegge.jpg2 July 175719 March 1761WhigThe Duke of Newcastle
The Viscount Barrington
(Held an Irish Peerage and sat in the House of Commons of Great Britain)
2ndViscountBarrington.jpg19 March 176129 May 1762Whig
Sir Francis Dashwood, BtSirfrancisdashwood.jpg29 May 176216 April 1763ToryThe Earl of Bute
George Grenville[13]George Grenville cropped.jpg16 April 176316 July 1765WhigGeorge Grenville
William DowdeswellNo image.svg16 July 17652 August 1766WhigThe Marquess of Rockingham
Charles Townshend[14]CharlesTownshend.jpg2 August 17664 September 1767 (died)WhigThe Earl of Chatham
Lord North[13]
(Held a courtesy title and sat in the Commons)
Nathaniel Dance Lord North.jpg11 September 176727 March 1782ToryThe Duke of Grafton
Lord North
Lord John CavendishLord John Cavendish after Sir Joshua Reynolds.jpg27 March 178210 July 1782WhigThe Marquess of Rockingham
William Pitt the YoungerWilliam Pitt the Younger.jpg10 July 178231 March 1783WhigThe Earl of Shelburne
Lord John CavendishLord John Cavendish after Sir Joshua Reynolds.jpg2 April 178319 December 1783WhigThe Duke of Portland
(Fox-North Coalition)
William Pitt the Younger[13]William Pitt the Younger.jpg19 December 178314 March 1801ToryWilliam Pitt the Younger
Henry Addington[13]Henry Addington by Beechey.jpg14 March 180110 May 1804ToryHenry Addington
William Pitt the Younger[13][14]William Pitt the Younger.jpg10 May 180423 January 1806 (died)ToryWilliam Pitt the Younger
Lord Henry PettyLord Henry Petty.jpg5 February 180626 March 1807WhigLord Grenville
(Ministry of All the Talents)
Spencer Perceval[14]Spencer PercevalCE.jpg26 March 180712 May 1812 (died)ToryThe Duke of Portland
Spencer Perceval
Nicholas VansittartNicholas Vansittart, 1st Baron Bexley.jpg12 May 181212 July 1817ToryLord Liverpool

Chancellors of the Exchequer of the United Kingdom, 1817–1902[edit]

Although the Kingdoms of Great Britain and Ireland had been united by the Act of Union 1800 (39 & 40 Geo. III c. 67), the Exchequers of the two Kingdoms were not consolidated until 1817 under 56 Geo. III c. 98.[15] For the holders of the Irish office before this date, see Irish Chancellor of the Exchequer.

NamePortraitTerm of officePolitical partyPrime Minister
Nicholas VansittartNicholas Vansittart, 1st Baron Bexley.jpg12 July 181731 January 1823ToryLord Liverpool
F. J. RobinsonFrederick John Robinson, 1st Earl of Ripon by Sir Thomas Lawrence cropped.jpg31 January 182320 April 1827Tory
George Canning[14]George Canning by Richard Evans - detail.jpg20 April 18278 August 1827 (died)ToryGeorge Canning
The Lord Tenterden
(interim: Lord Chief Justice of the King's Bench)
1stLordTenterden.jpg8 August 18273 September 1827ToryThe Viscount Goderich
John Charles HerriesJohn Charles Herries.jpg3 September 182726 January 1828Tory
Henry GoulburnHenry Goulburn.JPG26 January 182822 November 1830ToryThe Duke of Wellington
Viscount AlthorpJC Spencer, Viscount Althorp by HP Bone cropped.jpg22 November 183014 November 1834WhigThe Earl Grey
The Viscount Melbourne
The Lord Denman
(interim: Lord Chief Justice of the King's Bench)
1stLordDenman.jpg14 November 183415 December 1834WhigThe Duke of Wellington
(Caretaker Min.)
Sir Robert Peel, BtSir Robert Peel 1844.jpg15 December 18348 April 1835ConservativeSir Robert Peel, Bt
Thomas Spring Rice1stBaronMonteagle.jpg18 April 183526 August 1839WhigThe Viscount Melbourne
Francis BaringFrancis Baring, 1st Baron Northbrook by Sir George Hayter.jpg26 August 183930 August 1841Whig
Henry GoulburnHenry Goulburn.JPG3 September 184127 June 1846ConservativeSir Robert Peel, Bt
Sir Charles Wood, Bt1stViscountHalifax.jpg6 July 184621 February 1852WhigLord John Russell
Benjamin DisraeliDisraeli.jpg27 February 185217 December 1852ConservativeThe Earl of Derby
William Ewart GladstoneGladstone.jpg28 December 185228 February 1855PeeliteThe Earl of Aberdeen
(Coalition)
Sir George Cornewall Lewis, BtSir George Cornewall Lewis, 2nd Bt.jpg28 February 185521 February 1858WhigThe Viscount Palmerston
Benjamin DisraeliDisraeli.jpg26 February 185811 June 1859ConservativeThe Earl of Derby
William Ewart GladstoneGladstone.jpg18 June 185926 June 1866LiberalThe Viscount Palmerston
The Earl Russell
Benjamin DisraeliDisraeli.jpg6 July 186629 February 1868ConservativeThe Earl of Derby
George Ward HuntGeorge Ward Hunt.jpg29 February 18681 December 1868ConservativeBenjamin Disraeli
Robert LoweRobert Lowe, 1st Viscount Sherbrooke by George Frederic Watts.jpg9 December 186811 August 1873LiberalWilliam Ewart Gladstone
William Ewart Gladstone[13]Gladstone.jpg11 August 187317 February 1874Liberal
Sir Stafford Northcote, BtСтаффорд Генри Норткот.jpg21 February 187421 April 1880ConservativeBenjamin Disraeli
William Ewart Gladstone[13]Gladstone.jpg28 April 188016 December 1882LiberalWilliam Ewart Gladstone
Hugh ChildersHugh Childers, Lock & Whitfield woodburytype, 1876-83.jpg16 December 18829 June 1885Liberal
Sir Michael Hicks Beach, BtSt Aldwyn Michael Edward Hicks-Beach (1st Earl).jpg24 June 188528 January 1886ConservativeThe Marquess of Salisbury
Sir William Vernon HarcourtSir William Harcourt.jpg6 February 188620 July 1886LiberalWilliam Ewart Gladstone
Lord Randolph ChurchillRandolph Churchill.jpg3 August 188622 December 1886ConservativeThe Marquess of Salisbury
George GoschenGeorge Goschen.jpg14 January 188711 August 1892Liberal Unionist
Sir William Vernon HarcourtSir William Harcourt.jpg18 August 189221 June 1895LiberalWilliam Ewart Gladstone
The Earl of Rosebery
Sir Michael Hicks Beach, BtSt Aldwyn Michael Edward Hicks-Beach (1st Earl).jpg29 June 189511 August 1902ConservativeThe Marquess of Salisbury
(Unionist Coalition)

Chancellors of the Exchequer of the United Kingdom, 1902 to date[edit]

NamePortraitTerm of officePolitical partyPrime Minister
Charles RitchieCharles Thomson Ritchie headshot.jpg11 August 19029 October 1903ConservativeArthur Balfour
(Unionist Coalition)
Austen ChamberlainLaszlo - The Rt. Hon. Sir Austen Chamberlain.jpg9 October 19034 December 1905Liberal Unionist
H. H. AsquithH H Asquith 1908.jpg10 December 190512 April 1908LiberalHenry Campbell-Bannerman
David Lloyd GeorgeDavid Lloyd George 1911.jpg12 April 190825 May 1915LiberalH. H. Asquith
Reginald McKennaReginald McKenna photo.jpg25 May 191510 December 1916LiberalH. H. Asquith
(Coalition)
Andrew Bonar LawAndrew Bonar Law 02.jpg10 December 191610 January 1919ConservativeDavid Lloyd George
(Coalition)
Austen ChamberlainLaszlo - The Rt. Hon. Sir Austen Chamberlain.jpg10 January 19191 April 1921Conservative
Sir Robert HorneRobert Horne cropped.jpg1 April 192119 October 1922Conservative
Stanley BaldwinStanley Baldwin ggbain.35233.jpg27 October 192227 August 1923ConservativeAndrew Bonar Law
Stanley Baldwin
Neville ChamberlainArthur-Neville-Chamberlain.jpg27 August 192322 January 1924Conservative
Philip SnowdenPhilip Snowden, 1st Viscount Snowden.jpg22 January 19243 November 1924LabourRamsay MacDonald
Winston ChurchillWinston Churchill cph.3a49758.jpg6 November 19244 June 1929ConservativeStanley Baldwin
Philip SnowdenPhilip Snowden, 1st Viscount Snowden.jpg7 June 192924 August 1931LabourRamsay MacDonald
24 August 19315 November 1931National LabourRamsay MacDonald
(1st National Min.)
Neville ChamberlainArthur-Neville-Chamberlain.jpg5 November 193128 May 1937ConservativeRamsay MacDonald
(2nd National Min.)
Stanley Baldwin
(3rd National Min.)
Sir John SimonSir John Simon 1-3-16.jpg28 May 193712 May 1940Liberal NationalNeville Chamberlain
(4th National Min.;
War Coalition)
Sir Kingsley Wood[14]Kingsley Wood cropped.jpg12 May 194021 September 1943 (died)ConservativeWinston Churchill
(War Coalition)
Sir John AndersonJohn Anderson cropped.jpg24 September 194326 July 1945National Independent
Hugh DaltonHugh Dalton HU 059487.jpg27 July 194513 November 1947LabourClement Attlee
Sir Stafford CrippsStafford cripps.jpg13 November 194719 October 1950Labour
Hugh GaitskellHughGaitskell2.jpg19 October 195026 October 1951Labour
R. A. ButlerRA Butler 1937.jpg26 October 195120 December 1955ConservativeSir Winston Churchill
Harold MacmillanHarold Macmillan number 10 official.jpg20 December 195513 January 1957ConservativeSir Anthony Eden
Peter ThorneycroftPeter Thorneycroft cropped.png13 January 19576 January 1958ConservativeHarold Macmillan
Derick Heathcoat-AmoryDerick Heathcoat-Amory cropped.png6 January 195827 July 1960Conservative
Selwyn LloydSelwyn Lloyd cropped.jpg27 July 196013 July 1962Conservative
Reginald MaudlingNo image.svg13 July 196216 October 1964Conservative
Sir Alec Douglas-Home
James CallaghanJames Callaghan.JPG16 October 196430 November 1967LabourHarold Wilson
Roy JenkinsRoy Jenkins, Chancellor of Oxford.jpg30 November 196719 June 1970Labour
Iain Macleod[14]Iain Macleod crop.jpg20 June 197020 July 1970 (died)ConservativeEdward Heath
Anthony BarberAnthony Barber 1955.jpg25 July 197028 February 1974Conservative
Denis HealeyDenis Healey Davos.jpg1 March 19744 May 1979LabourHarold Wilson
James Callaghan
Sir Geoffrey HoweGeoffrey Howe.jpg4 May 197911 June 1983ConservativeMargaret Thatcher
Nigel LawsonNigel Lawson 006.jpg11 June 198326 October 1989Conservative
John MajorJohn Major 1996.jpg26 October 198928 November 1990Conservative
Norman LamontNo image.svg28 November 199027 May 1993ConservativeJohn Major
Kenneth ClarkeKen Clarke 2010.jpg27 May 19932 May 1997Conservative
Gordon BrownGordon Brown official.jpg2 May 199727 June 2007LabourTony Blair
Alistair DarlingAlistairDarlingABr cropped.jpg28 June 200711 May 2010LabourGordon Brown
George OsborneGeorge osborne hi.jpg12 May 2010IncumbentConservativeDavid Cameron
(Coalition)

See also[edit]

Notes and references[edit]

  1. ^ Joseph Haydn, Horace Ockerby (ed.): The Book of Dignities, 3rd edition, Part III (Political and Official), p. 164. W.H. Allen & Co., London 1894, reprinted by Firecrest Publishing Ltd, Pancakes, 1969
  2. ^ "Gordon Brown: Chancellor of the Exchequer". Encyclopedia II. Experiencefestival.com. Retrieved 2 May 2010. 
  3. ^ "Monetary Policy | Monetary Policy Committee (MPC) | Framework". Bank of England. 6 May 1997. Retrieved 2 May 2010. 
  4. ^ "Local History". Burnham Parish Council. 
  5. ^ http://www.timesonline.co.uk/tol/news/politics/article2532776.ece[dead link]
  6. ^ The Guardian, 11 March 2011
  7. ^ Alistair Darling, Back from the Brink(2011)
  8. ^ "FAQ: Budget". Parliament.uk. Retrieved 2 May 2010. 
  9. ^ Lydall, Ross (6 March 2008). "Chancellor names his preferred Budget tipple—a glass of plain London tap water". The Scotsman (The Scotsman). Retrieved 2 May 2010. 
  10. ^ Murphy, Joe (5 March 2008). "Darling chooses tap water for Budget Day to support Standard campaign". London Evening Standard. Retrieved 9 February 2012. 
  11. ^ DNB
  12. ^ DNB
  13. ^ a b c d e f g h Also served as Prime Minister for some or all of their Chancellorship.
  14. ^ a b c d e f Died in office.
  15. ^ Joseph Haydn, Horace Ockerby (ed.): The Book of Dignities, 3rd edition, Part X (Ireland), p. 562. W.H. Allen & Co., London 1894, reprinted by Firecrest Publishing Ltd, Bath, 1969

External links[edit]