Chancellor of the Exchequer

The Chancellor of the Exchequer is the ancient title held by the British cabinet minister whose responsibilities are akin to the posts of Minister for Finance or Secretary of the Treasury in other jurisdictions. The third oldest major state office in English and United Kingdom history, the Chancellor of the Exchequer, (often simply called The Chancellor) is the cabinet minister responsible for all financial matters. Historically the Exchequer included monetary policy as well as fiscal policy, but this ended when the Bank of England was granted independence from government in 1997.

The holder of the office of Chancellor is ex-officio Second Lord of the Treasury. The Chancellor is also obliged to be a member of the Privy Council, and thus is styled the Right Honourable (Rt. Hon.)

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