This is the UK government department, headed by the Chancellor of the Exchequer, which is responsible for managing the country’s public revenues.

In recent years it hasn’t had the best of records (despite many ill-informed commentators promoting Gordon Brown as a “prudent” chancellor – HAH!!!) as can clearly be seen by anyone who looks at the public records.

Strangely, although for several centuries the Prime Minister has also held the title “First Lord of the Treasury” in actual fact the Chancellor has wielded much more power. This has been clearly seen in the battles between Prime Minister Tony Blair and Chancellor Gordon Brown, not to mention Mr Brown’s blocking of the spending plans of every other government department.

You wouldn’t mind if Mr Brown had actually got ANYTHING right. The list of his disastrous decisions is far too long to present here, but I’ll do so soon in another post.

Category: Guide to City Jargon

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