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                    Chancellor of the Exchequer                 
     'Non enim in ratiociniis sed in multipliibus iudiciis excellens scaccarii scientia consistit'
The Second Lord of the Treasury

Old red box c. 1860

The Chancellor of the Exchequer and Second Lord of the Treasury. 
The government's chief financial minister and as such is responsible for raising revenue through taxation or borrowing and for controlling public spending. 

104 (recognised) individuals have held the office, from Sir John Baker to Philip Hammond. See also Teller of the Receipt of the Exchequer

The Chancellor's plans for the economy are delivered to the House of Commons every year in the Budget statement which usually takes place in March. 

Kenneth Clarke's Budgets in the mid-1990s were delivered in November and post-election Budgets are usually held shortly after the poll, even if this means two statements in a single year. This happened in 1993. 

The Prime Minister may hold the formal title of "First Lord of the Treasury", but it is the Chancellor who is the most senior political figure at the Treasury. 

The traditional residence of the Chancellor of the Exchequer is No 11 Downing Street but Gordon Brown, for example, moved into the flat above No 10 so that the Prime Minister's family could use the more spacious suite next door. 

The Chancellor is also entitled to the use of Dorneywood, a Queen Anne house in Buckinghamshire, but has rarely done so. 

The office of Chancellor is an ancient one. At first it was only one of a number of financial positions in government. Denis Healey mentions in his memoirs "Richard, Son of Nigel", who was a Treasurer of England and Bishop of London in about 1170 and who wrote a Latin dialogue about how to do this job: 

'Non enim in ratiociniis sed in multipliibus iudiciis excellens scaccarii scientia consistit', which translates as: 'for the highest skill at the Exchequer does not lie in calculations, but in judgements of all kinds' . 

The first Chancellor was appointed during the reign of Henry II in the 12th century. By the 18th century the old 'Treasury Board' had declined in importance and the annual Budget became a significant feature in parliament from about the 1730s. 

For most of the period since the 1960s the post of Chancellor has been generally acknowledged as the most politically significant job in the Cabinet after that of Prime Minister. 

Economic policy is a matter in which the Prime Minister and the Chancellor need to work closely together. Symbolically there is a passage between the two houses - and the more free the traffic in this corridor, Hugh Dalton once supposed, the happier the government. 

In the early part of the 20thcentury the children of Lloyd George (Chancellor) and Asquith (Prime Minister) happily played togther for example. But sometimes the door between the two offices of state has been more often closed than open. 

Things cannot have been easy when the two fell out. Back in the 1920s and 1930s, Ramsay MacDonald and his Chancellor, Phillip Snowden, could barely stand one another. 

The most spectacular modern example of these potential tensions arose towards the end of Nigel Lawson's Chancellorship - over the European Exchange Rate Mechanism and the role of Prime Minister Margaret Thatcher's economic adviser, Sir Alan Walters. These difficulties led to the resignations of both Mr Lawson and Sir Alan. A little over a year later, Mrs Thatcher resigned as Prime Minister. 

The relationship between Mr Brown and Tony Blair had also come under close scrutiny, with reports that the former regarded himself as the 'real' prime minister and Mr Blair as a 'president'. Every Cabinet reshuffle was viewed in terms of whether the Blairites or the Brownites were in the ascendant. 

Nigel Lawson once told the BBC that: "I'm not interested in the record books. How long I'm there is a matter partly for the Prime Minister and partly for me. And it will be resolved in the fullness of time'. 

And so it was. However the Prime Minister has, as with all government appoointments, the final political prerogative to appoint or sack a minister. No doubt one of the things they will bear in mind is the length a Chancellor has served in what is, normally, a highly stressful job. 

Harold Wilson was said to have judged that no Chancellor should serve for more than two-and-a-half years, but many occupants of Number 11 have exceeded that. 

The longest serving Chancellor in the 20th century was David Lloyd-George who served under herbert Asquith from 1908 to 1915, followed by Nigel Lawson (1983-89) and Neville Chamberlain (1931-37). 

Chancellors who have gone on to 'move next door' directly in the 20th century were Stanley Baldwin (1923), Neville Chamberlain (1937), Harold Macmillan (1957) and John Major (1990). David Lloyd George, Winston Churchill and Jim Callaghan were also prime ministers who enjoyed a spell at the Treasury before going to No 10. 

However, others found their careers held back by this particular office. 

In the 1950s Hugh Gaitskell went on to become leader of his party, but Denis Healey might have had a better showing in the Labour leadership elections in 1976 and 1980 had he not been in such a high-profile job during a difficult period. This might have been the price he paid for, as he later put it, "doing the dirty work under socialism". 

Others who might have expected to move to Number 10 but instead had to do with the sobriquet 'Best Prime Minister We Never Had' include Rab Butler and Roy Jenkins. 

Having occupied a high office of state it is difficult for prime ministers to offer and, indeed, for some former chancellors to accept, another post in the Cabinet in a reshuffle. Sir Geoffrey Howe was happy to accept the Foreign Office, whilst David Lloyd George was given the most important jobs during the First World War - Minister of Munitions before he went to become premier. 

Rab Butler was given a whole raft of titles after he ceased to be Chancellor in 1955. Norman Lamont, however felt unable to accept the offer to become Secretary of State for the Environment when he left the government in 1993 and was replaced by Kenneth Clarke. 

Some chancellors have enjoyed 'comebacks' after appearing to fall by the wayside. Following very different paths, Hugh Dalton, Peter Thorneycroft and Selwyn Lloyd all eventually returned to the Cabinet and Lloyd went on to become a respected Speaker of the House of Commons. 

Chancellors who simply resigned or retired to the backbenches or full-time active politics altogether include Derick Heathcoat Amory, Anthony Barber and Nigel Lawson. 



  07.  Richard Weston, 1st Earl of Portland 1621–1628  


  08.  Edward Barrett ,1st Lord Barrett of Newburgh 1628 - 1629 


  09.  Francis Cottington, 1st Baron Cottington  1629–1642 


  12   Anthony Ashley Cooper, 1st Earl of Shaftesbury 1661–1672


  14.  Sir John Ernle, 2nd May 1676 - 9th April 1689 


  16.  Richard Hampden, 18th March 1690 - 10th May 1694  


  17.  Charles Montagu, 1st Earl of Halifax, 10th May 1694 - 2nd June 1699, and a Lord High Treasurer
          & the 1st First Lord of the Treasury 


  18.  John Smith,  2nd June 1699 - 27th March 1701, 22nd April 1708 - 11th August 1710 


  19.  Henry Boyle, 1st Baron Carleton, 27th March 1701 - 22nd April 1708, ( last Chancellor of England)


  20.  Robert Harley, 11th August 1710 - 4th June 1711 and a Lord High Treasurer
                                                                  (the first Chancellor of Great Britain)

  21.  Robert Benson, 1st Baron Bingley, 4th June 1711 - 21st August 1713 


  22.  Sir William Wyndham, 3rd Baronet, 21st August 1713 - 13th October 1714  


  24.  Sir Robert Walpole, 12th October 1715 - 15th April 1717, 3rd April 1721 - 12th February 1742 
                                                                    the 3rd & 6th First Lord of the Treasury, and 1st PM

  25.  James Stanhope, 15th April 1717 - 20th March 1718 and the 4th First Lord of the Treasury


  26.  John Aislabie, 20th March 1718 - 23rd January 1721 


​  28. Samuel Sandys 12th February 1742 - 12th December 1743

  29.  Henry Pelham, 12th December 1743 - 8th March 1754 and PM



  31. Henry Bilson Legge 




  32.  Sir George Lyttelton,  25th November 1755 - 16th November 1756


  34.​ William Barrington, 2nd Viscount Barrington 19 March 1761 – 29 May 1762


  35.  Sir Francis Dashwood  29th May 1762 - 16th April 1763


  36.  George Grenville, 16th April 1763 - 16th July 1765 and PM


  37.  William Dowdeswell, 16th July 1765 - 2nd August 1766  


  38. Charles Townshend, 2nd  August 1766 - 4th September 1767


  39.  Frederick North, 2nd Earl of Guilford, 11th September 1767 - 27th March 1782 and PM


  41.  William Pitt,                                                                                                 and PM (the last Chancellor of 
                                                                                                                      Great Britain: second of the United Kingdom)

  42.  Henry Addington, 1st Viscount Sidmouth, 14th March 1801 - 10th May 1804 and PM 
         (the first Chancellor of  the United Kingdom)

  43.  Lord Henry Petty-Fitzmaurice, 5th February 1806 - 26th March 1807  


  44.  Spencer Perceval,  26th March 1807 - 12th May 1812 and PM            


  45.  Nicholas Vansittart, 12th May 1812 - 31st January 1823


  46.  Frederick John Robinson, 31st January 1823 - 10th April 1827 and PM


  47.  George Canning, 20th April 1827 - 8th August 1827 and PM 


  48.  Charles Abbott, 1st Baron Tenterden, 8th August 1827 - 3rd September 1827                                (interim) 


  49.  John Charles Herries, 3rd September 1827 - 26th January 1828 


  50.  Henry Goulburn,  


  51.  John Charles Spencer, 22nd November 1830 - 14th November 1834  


  52.  Lord Thomas Denman, 15th November 1834 - 15th December 1834                                                   (interim) 


  53.  Sir Robert Peel, 2nd December 1834 - 8th April 1835 and PM


  54.  Thomas Spring Rice, 18th April 1835 - 26th August 1839                              two signatures from two different dates


  55.  Francis Thornhill Baring, 1st Baron Northbrook, 26th August 1839 - 30th August 1841 


  56.  Sir Charles Wood, 6th July 1846 - 21st February 1852  


  57.  Benjamin Disraeli,                                                                                                         and PM



  58.  W. E. Gladstone,                                                                                                                                   and PM


  59.  George Cornewall Lewis, 28th February 1855 - 21st February 1858 


  60.  George Ward Hunt, 29th February 1868 - 1st December 1868


  61.  Robert Lowe, 9th December 1868 - 11th August, 1873 


  62.  Stafford Northcote, 21st February 1874 - 21st April 1880 and the 48th First Lord of the Treasury


  63.  Hugh Childers, 16th December 1882 - 9th June 1885                                                     


  64.  Sir Michael Hicks Beach, 24th June 1885 - 28th January 1886 , 29th June 1895 - 11th August 1902  


  65.  Sir William Vernon Harcourt, 6th February 1886 - 20th July 1886, 18th August 1892 - 21stJune 1895    


  66.  Randolph Henry Spencer Churchill, 3rd August 1886 - 22nd December 1886 


  67.  George Joachim Goschen, 14th January 1887 - 11th August 1892   


  68.  Charles Thomson Ritchie, 11th August 1902 - 9th October 1903 


  69   Austen Chamberlain, 9th October 1903 - 4th December 1905, 10th January 1919 - 1st April 1921   


  70.  Herbert Henry Asquith, 10th December 1905 - 12th April 1908  and PM


  71.  David Lloyd George,12th April 1908 - 25th May 1915 and PM


  72.  Reginald McKenna, 25th May 1915 - 10th December 1916 


  73.  Andrew Bonar Law, 10th December 1916 - 10th January 1919 and PM


  74. Robert Stevenson Horne, 1st April 1921 - 19th October 1922


  75.  Stanley Baldwin, 27th October 1922 - 27th August 1923 and PM 


  76.  Neville Chamberlain,                                                                    and PM


  77.  Philip Snowden, 22nd January 1924 - 3rd November 1924, 7th June 1929 - 5th November 1931  


  78.  Winston Churchill, 6th November 1924 - 4th June 1929 and PM


  79.  Sir John Allsebrooke Simon, 28th May 1937 - 12th May 1940


  80.  Sir Kingsley Wood, 12th May 1940 - 24th September 24, 1943


  82.  Hugh Dalton, 27th July 1945 - 13th November 1947 


  83.  Richard Stafford Cripps, 13th November 1947 - 19th October 1950


  84.  Hugh Gaitskell,  19th October 1950 - 26th October 1951


  85.  Richard Austen Butler, 28th October 1951 - 20th December 1955


  86.  Harold Macmillan, 20th December 1955 - 13th January 1957 and PM


  87.  Peter Thorneycroft, 13th January 1957 - 6th January 1958


  88.  Derick Heathcoat-Amory, 6th January 1958 - 27th July 1960


  89.  Selwyn Lloyd, 27th July 1960 - 13th July 1962  


  90.  Reginald Maudling 13th July 1962 - 16th October 1964


  91.  James Callaghan, 16th October 1964 - 30th November 1967, and PM


  92.  Roy Jenkins, 30th November 1967 - 19th June 1970  


  93.  Iain Macleod, 20thJune 1970 - 20th July 1970 


  94.  Anthony Barber, 25th July 1970 - 4th March 1974


  95   Denis Healey5th March 1974 - 4th May 1979, received Thursday 13th August 2009


  96.  Sir Geoffrey Howe, 5th May 1979 - 11th June 1983, received Tuesday 11th August 2009


  97.  Nigel Lawson, 11th June 1983 - 26th October 1989 


  98   John Major, 26th October 1989 - 28th November 1990, and PM


  99   Norman Lamont, 28th November 1990 - 27th May 1993, received Saturday 15th August 2009


100.  Kenneth Clarke, 27th May 1993 - 2nd May 1997                                           received Wednesday 23rd December 2009  


101   Gordon Brown, 2nd May 1997 - 27th June 2007, and PM 


102    Alistair Maclean Darling, 28th June 2007 -  11th May 2010                 received Tuesday 1st September 2009


103    George Gideon Oliver Osborne, 11th May 2010 - 13th July 2016


104    Philip Anthony Hammond,  13th July 2016 - 24th July 2019


105    Sajid Javid, 24th July 2019 - 





28th December 1852 - 28th February 1855, 18th June 1859 - 26th June 1866, 11th August 1873 - 17th February 1874, 28th April 1880 - 16th December 1882
27th August 1923 - 22nd January 1924, 
5th November 1931 - 28th May 1937
88/104
COE signatures
89 Chancellor Signatures above

07. Richard Weston
08. Edward Barrett
09. Francis Cottington
      Robert Long (see below)
12. Anthony Ashley Cooper
14. John Ernle
16. Richard Hampden  
17. Charles Montagu
18. John Smith 
19. Henry Boyle
20. Robert Harley  
21. Robert Benson   
22. William Wyndham
24. Robert Walpole  
25. James Stanhope
26. John Aislabie
28. Samuel Sandys
29. Henry Pelham
31. Henry Bilson Legge
32. George Lyttelton
34. William Wildman Barrington-Shute
35. Francis Dashwood    
36. George Grenville
37. William Dowdeswell
38. Charles Townshend
39. Frederick North
41. William Pitt               
42. Henry Addington    
43. Henry Petty - Fitzmaurice   
44. Spencer Perceval  
45. Nicholas Vansittart 
46. Frederick John Robinson  
47. George Canning
48. Charles Abbott
49. John Charles Herries 
50. Henry Goulburn 
51. John Charles Spencer
52. Thomas Denman    
53. Robert Peel 
54. Thomas Spring Rice   
55. Francis Thornhill Baring
56. Charles Wood 
57. Benjamin Disraeli   
58. William Ewart Gladstone
59. George Cornewall Lewis 
60. George Ward Hunt
61. Robert Lowe
62. Stafford Henry Northcote
63. Hugh Childers   
64. Michael Hicks Beach  
65. William Vernon Harcourt  
66. Randolph Churchill    
67. George Joachim Goschen
68. Charles Thomson Ritchie  
69. Austen Chamberlain  
70. Herbert Henry Asquith     
71. David Lloyd George
72. Reginald McKenna  
73. Andrew Bonar Law
74. Robert Stevenson Horne  
75. Stanley Baldwin   
76. Neville Chamberlain  
77. Philip Snowden   
78. Winston Churchill  
79. John Allsebrooke Simon 
80. Kingsley Wood  
82. Hugh Dalton 
83. Stafford Cripps 
84. Hugh Gaitskell 
85. Rab Butler 
86. Harold Macmillan  
87. Peter Thorneycroft
88. Derick Heathcoat-Amory  
89. Selwyn Lloyd
90. Reginald Maudling  
91. James Callaghan  
92. Roy Jenkins
93. Iain Macleod
94. Anthony Barber
95. Denis Healey  
96. Geoffrey Howe
97. Nigel Lawson 
98. John Major
99. Norman Lamont  
100. Kenneth Clarke  
101. Gordon Brown  
102. Alistair Maclean Darling
103. George Osborne
104. Philip Hammond 
105. Sajid Javid
From 1828, at the time of Henry Goulburn, Number 11 
became the official residence
 of the Second Lord of
 the modern Chancellor 
of the Exchequer. 
22/22
PM & C of E
66/82
others
10th July 1782 - 31st March 1783, 19th December  1783 - 14th March 1801, 10th May 1804 - 23rd January 1806    

27th February 1852 - 17th December 1852, 26th February 1858
 - 11th June 1859, 6th July 1866 - 29th February 1868    
Sir Robert Long, 1st Baronet Long, of the City of Westminster
(1598 – 13th July1673)
Chancellor of the Exchequer (generally unacknowledged)
1660 to 1661
Auditor of the Receipt of the Exchequer
1662–1673
Most lists of Chancellors exclude his name.
He has been included here as a courtesy.
He was a courtier, administrator and politician in seventeenth century England. Long was the son of Sir Walter Long of South Wraxall and Draycot in Wiltshire, and his wife Catherine Thynne of Longleat. He never married and he arranged a special remainder to his baronetcy, so it was inherited by his nephew Sir James Long, 2nd Baronet of Draycot.
Sir Robert Long
1st Baronet Long, of the City of Westminster
(1598 – 13th July1673)
unacknowledged Chancellor of the Exchequer 
1660 to 1661
Auditor of the Receipt of the Exchequer
1662–1673

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There were four politicians prior to Baker who are generally missing from 'lists'  of Chancellor of the English Exchequer

Godfrey Giffard (c. 1235 – 1302) was Chancellor of the Exchequer of England
Lord Chancellor of England and Bishop of Worcester

Hervey de Stanton or Staunton (1260–November 1327) was an English judge (serving both as Chief Justice of the King's Bench and as Chief Justice of the Common Pleas) and Chancellor of the Exchequer 1316–1327

William Catesby of Ashby St Ledgers (1440?-1485) was one of Richard III of England's principal councilors. He also served as Chancellor of the Exchequer and Speaker of the House of Commons during Richard's reign. Catesby married Margaret, daughter of William La Zouche, 6th Baron Zouche of Harringworth.

John Bourchier, 2nd Baron Berners (1467 – 1533) was a translator, born at Sherfield, Hertfordshire, England, and educated at Oxford University. He held various Offices of State, including that of Chancellor of the Exchequer to King Henry VIII, and Lieutenant of Calais.



26th January 1828 - 22nd November 1830,
3rd September 1841 - 27th June 1846
May1948 - A Foundation stone of a new House of Commons Chamber was laid

16 Remaining Chancellors of the Exchequer 

  01. Sir John Baker  unknown  
  02. Sir Walter Mildmay  1559–1589 example pic 
  03. Sir John Fortescue 1589–1603  
  04. George Home, 1st Earl of Dunbar  1603–1606  
  05. Sir Julius Caesar  1606–1614  example pic
  06. Sir Fulke Greville  1614–1621  
  10. Sir John Culpepper  1642–1643  
  11. Sir Edward Hyde  July 19, 1642 - 1646  
  13. Sir John Duncombe  November 22, 1672 - May 2, 1676  example pic 
  15. Henry Booth, 1st Earl of Warrington  April 9, 1689 - March 18, 1690  
  23. Sir Richard Onslow October 13, 1714 - October 12, 1715 example pic  
  27. Sir John Pratt February 2, 1721 - April 3, 1721  (interim)
  30. Sir William Lee March 8, 1754 - April 6, 1754  (interim)
  33. William Murray, 1st Baron Mansfield April 13, 1757 - July 2, 1757 (interim)  example pic
  40. Lord John Cavendish March 27, 1782 - July 10, 1782, April 2, 1783 - December 19, 1783 example pic
  81. Sir John Anderson,1st Viscount Waverly of Westdean, National Government  September 24, 1943 - July 26, 1945 example pic 

The Treasury in London
HM Revenue and Customs seen from Parliament Square (Whitehall, London, England). Photographed by Adrian Pingstone in June 2005 and placed in the public domain.

PRICING EXAMPLE FOR COMPARISON
Comparison price
Portrait of Francis Dashwood, 15th Baron le Despencer by William Hogarth from the late 1750s, parodying Renaissance images of Francis of Assisi. The bible has been replaced by a copy of the erotic novel Elegantiae Latini sermonis, and the profile of Dashwood's friend Lord Sandwich peers from the halo.

See Oliff editorial on the cider tax.
This is a rare envelope front,  addressesed to The Marchioness of Lansdowne, Lady Louisa, Bowood House, Wiltshire, on which he has writen the wrong year in the date. 
Elegantiae Latini sermonis,
Also signed by Queen Victoria &
 Ernest Birt - Wakefield Asylum

April 1754 - 25th November 1755,
16th November 1756 - 13th April 1757,
2nd July 1757 - 19th March 1761 

Example of similar unsigned card
Example signature
Sajid Javid