Chancellor of the Exchequer

Chancellor of the Exchequer and Second Lord of the Treasury
Royal Arms of Her Majesty’s Government
Incumbent Rachel Reeves since 5 July 2024
His Majesty's Treasury
Style	Mr Chancellor (informal) The Right Honourable (UK and the Commonwealth)
Type	Great Office of State
Member of	Cabinet Privy Council National Security Council
Reports to	The Prime Minister
Residence	11 Downing Street (official) Dorneywood (country house) [1]
Seat	Westminster
Appointer	The King (on the advice of the prime minister)
Term length	At His Majesty's pleasure
Formation	22 June 1316
First holder	Hervey de Stanton (in the Kingdom of England only)
Deputy	Chief Secretary to the Treasury
Salary	£153,022 (including £81,932 salary as Member of Parliament)
Website	Official website

The Chancellor of the Exchequer is the head of the government treasury and the chief executive of HM Treasury who is a high ranking minister in the government of the United Kingdom. The Chancellor of the Exchequer (sometimes shortened to The Chancellor, but not the same person as the Lord Chancellor) is responsible for Britain's money and economy.

Well-known Chancellors of the Exchequer include Robert Peel, Winston Churchill, Denis Healey, Geoffrey Howe, Gordon Brown, George Osborne, Philip Hammond and Rishi Sunak.

1. ↑ "Past Residents". Dorneywood.