Chancellor of the Exchequer
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Chancellor of the Exchequer and Second Lord of the Treasury | |
---|---|
Incumbent | |
His Majesty's Treasury | |
Style | The Right Honourable |
Type | |
Member of | |
Reports to | Prime Minister |
Residence |
|
Nominator | Prime Minister |
Appointer | The King (on the advice of the Prime Minister) |
Term length | No fixed term |
Deputy | Chief Secretary to the Treasury |
The Chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government, and head of His Majesty's Treasury. The Chancellor is a high-ranking member of the Cabinet.
They are responsible for all economic and financial matters.