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The chancellor of the exchequer, often abbreviated to Chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of Treasury. As one of the four Great Offices of State, the chancellor is a high-ranking member of the British Cabinet.
- Overview
- Responsibilities
- The Rt Hon Jeremy Hunt MP
- Education
- Political career
- Career outside politics
- Personal life
- Previous holders of this role
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The Chancellor of the Exchequer is the government’s chief financial minister and as such is responsible for raising revenue through taxation or borrowing and for controlling public spending. He has overall responsibility for the work of the Treasury.
The Chancellor’s responsibilities cover:
•fiscal policy (including the presenting of the annual Budget)
•monetary policy, setting inflation targets
•ministerial arrangements (in his role as Second Lord of the Treasury)
•overall responsibility for the Treasury’s response to COVID-19
Jeremy Hunt was appointed Chancellor of the Exchequer on 14 October 2022.
He served as Secretary of State for Foreign and Commonwealth Affairs from 9 July 2018 to 24 July 2019. He was elected Conservative MP for South West Surrey in May 2005.
Jeremy was educated at Oxford University.
Jeremy served as Secretary of State for Health and Social Care from 8 January 2018 to 9 July 2018 and was first appointed Secretary of State for Health in September 2012.
In May 2010 Jeremy was appointed Secretary of State for Culture, Olympics, Media and Sport. He was formerly Shadow Culture Secretary 2007 to 2010 and Shadow Minister for Disabled People 2005 to 2007.
Before his election as an MP, Jeremy ran his own educational publishing business, Hotcourses. He also set up a charity to help AIDS orphans in Africa in which he continues to play an active role.
Jeremy lives in Godalming and London with his wife, son and 2 daughters.
More about this person
The Rt Hon Kwasi Kwarteng MP
2022 to 2022
The Rt Hon Nadhim Zahawi MP
2022 to 2022
The Rt Hon Rishi Sunak MP
2020 to 2022
Learn about the role, responsibilities and current holder of the Chancellor of the Exchequer, the government’s chief financial minister. Find out the latest announcements, speeches and policy papers from the Treasury.
The first British Asian to hold those offices, he previously held two Cabinet positions under Boris Johnson, latterly as Chancellor of the Exchequer from 2020 to 2022. Sunak has been Member of Parliament (MP) for Richmond and Northallerton, previously Richmond (Yorks), since 2015.
Jul 5, 2024 · Rachel Reeves became Britain’s first female chancellor of the Exchequer on Friday, taking on one of the country’s four great offices of state, with responsibility for managing Britain’s budget.
- Eshe Nelson
A list of all the chancellors of the exchequer from the 17th to the 21st century, with their dates of office. The chancellor of the exchequer is the second most senior minister in the UK government and responsible for economic and fiscal policy.
Rachel Jane Reeves (born 13 February 1979) is a British politician and, since July 2024, Chancellor of the Exchequer. A member of the Labour Party, she has been Member of Parliament (MP) for Leeds West and Pudsey, formerly Leeds West, since 2010. Reeves joined the Labour Party at the age of sixteen, and later studied economics and worked in the ...
Oct 14, 2022 · Jeremy Hunt, who was appointed Britain’s chancellor of the Exchequer on Friday, is a former foreign minister and a pragmatist from the ideological center ground of conservative politics.
