Ministerial role
Chancellor of the Exchequer
Organisations:
HM Treasury
Current role holder:
The Rt Hon Rachel Reeves MP
Responsibilities
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. She 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 her role as Second Lord of the Treasury)
- overall responsibility for the Treasury’s response to COVID-19
Current role holder
The 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
-
The Rt Hon Jeremy Hunt MP
2022 to 2024
-
The Rt Hon Kwasi Kwarteng
2022 to 2022
-
The Rt Hon Nadhim Zahawi
2022 to 2022
-
The Rt Hon Rishi Sunak MP
2020 to 2022
-
The Rt Hon Sajid Javid
2019 to 2020
-
The Rt Hon Philip Hammond
2016 to 2019
-
The Rt Hon George Osborne
2010 to 2016