Chancellor of the Exchequer(redirected from chancellor)
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Chancellor of the Exchequer
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.
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Chancellor of the Exchequerthe 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).
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005