Chancellor of the Exchequer
Responsibilities
皇冠体育app Chancellor of the Exchequer is the government鈥檚 chief financial minister and as such is responsible for growing the UK economy, raising revenue through taxation or borrowing and for controlling public spending. She has overall responsibility for the work of the Treasury.
皇冠体育app Chancellor鈥檚 responsibilities cover:
- Delivering the government鈥檚 growth mission
- Fiscal policy (including presenting the annual Budget)
- Oversight of the monetary framework, including setting the inflation remit, and liaison with the Governor of the Bank of England on monetary policy
- Women in the economy and the gender pay gap
- UK growth and productivity, including working across government on skills, labour market and migration
- 皇冠体育app National Wealth Fund
- Capital markets and listings
- Economic security and resilience policy
- Leading on international economic and financial affairs including at the G7 and G20 and acting as the UK Governor of the IMF, EBRD and AIIB
- Ministerial arrangements (in her role as Second Lord of the Treasury)
Current role holder
皇冠体育app Rt Hon Rachel Reeves MP
Rachel Reeves was appointed Chancellor of the Exchequer on 5 July 2024. She was elected as the MP for Leeds West and Pudsey in July 2024.
Previous holders of this role
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皇冠体育app Rt Hon Jeremy Hunt MP
2022 to 2024
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皇冠体育app Rt Hon Kwasi Kwarteng
2022 to 2022
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皇冠体育app Rt Hon Nadhim Zahawi
2022 to 2022
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皇冠体育app Rt Hon Rishi Sunak MP
2020 to 2022
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皇冠体育app Rt Hon Sajid Javid
2019 to 2020
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皇冠体育app Rt Hon Philip Hammond
2016 to 2019
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皇冠体育app Rt Hon George Osborne
2010 to 2016