Chancellor of the Exchequer
Selected letter
C
The Chancellor of the Exchequer is the government's chief finance minister and one of the most senior members of the Cabinet. They are responsible for setting levels of taxation and public spending across the UK and announce changes to these each year in the annual Budget statement. The Chancellor of the Exchequer has overall responsibility for HM Treasury.
- HM Government: The Cabinet
- Related glossary term: Budget (Finance Bill)
- Gov.UK: Chancellor of the Exchequer (external site)