Chancellors of the Exchequer

The Chancellor of the Exchequer is the government's chief financial minister and responsible for the fiscal and monetary policy of the United Kingdom. The Chancellor delivers a speech to the House of Commons annually, outlining the nation's budget and any proposed changes to taxation. In 1860, William Ewart Gladstone carried his speech in a red brief case and today the Chancellor still carries one to his annual speech. Since 1828, the Chancellor's official residence has been 11 Downing Street.