First Lord of the Treasury
Responsibilities
The First Lord of the Treasury is one of the Lords Commissioners of the Treasury. This role is usually held by the Prime Minister.
Since the 17th century, the Lords Commissioners of the Treasury have collectively carried out duties that were previously held by the Lord High Treasurer (head of His Majesty’s Treasury).
The Lords Commissioners of the Treasury also include:
- the Second Lord of the Treasury - the Chancellor of the Exchequer, who has most of the functional financial responsibilities
- Junior Lords Commissioners of the Treasury - other members of the government, usually government whips in the House of Commons
10 Downing Street is the official residence of the First Lord of the Treasury, and not of the Prime Minister.
Current role holder
The Rt Hon Sir Keir Starmer KCB KC MP
Sir Keir Starmer became Prime Minister on 5 July 2024.
Education
Keir attended Reigate Grammar School, before studying Law at the University of Leeds. He went on to do postgraduate studies at the University of Oxford, receiving a Bachelor of Civil Law (BCL) degree.
Political Career
Keir was elected a Member of Parliament for Holborn and St Pancras in May 2015. He was elected leader of the Labour Party in April 2020.
Career before politics
Keir qualified as a barrister in 1987 working in private practice before working as a legal advisor to the Northern Ireland Policing Board.
He was appointed Queen’s Counsel (QC) in 2002.
In 2008, Keir was appointed Director of Public Prosecutions, leading the Crown Prosecution Service until 2013.
He received a knighthood in 2014 for services to criminal justice.
Personal Life
Keir is married and has two children.
Previous holders of this role
-
The Rt Hon Rishi Sunak MP
2022 to 2024
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The Rt Hon Elizabeth Truss
2022 to 2022
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The Rt Hon Boris Johnson
2019 to 2022
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The Rt Hon Theresa May
2016 to 2019
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The Rt Hon Lord Cameron
2010 to 2016