The head of HM Treasury in the United Kingdom. He/she is responsible for advising on and executing economic and fiscal policy in the United Kingdom. Through Inland Revenue and Customs, he/she oversees tax collection.
Chancellor of the Exchequer
the UK government official heading the TREASURY whose main responsibility is the formulation and implementation of the government's economic policy Chancellors of the Exchequer since 1970: A. Barber 1970–74 (Conservative); D. Healey 1974–79 (Labour); G. Howe 1979–83 (Conservative); N. Lawson 1983–89 (Conservative); J. Major 1989–90 (Conservative); N. Lamont 1990–93 (Conservative); K. Clarke 1993–97 (Conservative) and G. Brown 1997-to date (Labour).