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The Chancellor of the Exchequer (often just called the Chancellor) is the MP who is in charge of the Budget. The "Exchequer" is the government's official bank account at the Bank of England, where money raised from taxes gets stored. This office is currently held by George Osbourne MP.

The Lord Chancellor is in charge of the House of Lords and the Courts. This office is currently held by Kenneth Clark MP.

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Related Questions

Who is the present chancellor of the excheque?

Alistair Darling is no longer the Chancellor of the Exchequer (as of 2010). It is now George Osborne.


Who is the Chancellor of the Exchequer 2010?

George Osborne was the chancellor of the exchequer in 2010.


When did John Smith - Chancellor of the Exchequer - die?

John Smith - Chancellor of the Exchequer - died in 1723.


Who makes the economic decisions in Britain?

The chancellor of the exchequer (Alister Darling at the moment)


Who is Chancellor of exchequer?

Ashley Neil Horne is the chancellor of the exchequer. just for any tmb fans;) this is charlie:D


Who is the Chancellor of the Exchequer for the United Kingdom?

George Gideon Oliver Osborne is the Chancellor of the Exchequer for the United Kingdom.


Who is below the chancellor of the exchequer?

Below the Chancellor of the Exchequer are, usually, four junior ministers, and several civil servants


Who lives at 10 Downing Street?

The British Prime Minister - currently David Cameron.


Who is the Chancellor of the Exchequer?

The current Chancellor (2013) is George Osborne.


Where does the Chancellor of the Exchequer live?

The Chancellor of the Exchequer currently lives in 11 Downing Street, next door to the Prime Minister's residence.


American equivalent of the chancellor of the exchequer?

The equivalent is to the Chancellor of the Exchequer is the Secretary of the Treasury; though many of the duties which the Chancellor of the Exchequer oversees in the UK, such as the drafting of a budget etc., are overseen in the US by the United States Office of Management and Budget.


How would you greet the chancellor of the exchequer?

You'd address them as "Chancellor" or "Sir".

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