Chancellor of the Exchequer
Responsibilities
The Chancellor of the Exchequer is the government’s chief financial minister and as such is responsible for raising revenue through taxation or borrowing and for controlling public spending. He has overall responsibility for the work of the Treasury.
The Chancellor’s responsibilities cover:
- fiscal policy (including the presenting of the annual Budget)
- monetary policy, setting inflation targets
- ministerial arrangements (in his role as Second Lord of the Treasury)
- overall responsibility for the Treasury’s response to COVID-19
Current role holder
The Rt Hon Jeremy Hunt MP
Jeremy Hunt was appointed Chancellor of the Exchequer on 14 October 2022.
He served as Secretary of State for Foreign and Commonwealth Affairs from 9 July 2018 to 24 July 2019. He was elected Conservative MP for South West Surrey in May 2005.
Education
Jeremy was educated at Oxford University.
Political career
Jeremy served as Secretary of State for Health and Social Care from 8 January 2018 to 9 July 2018 and was first appointed Secretary of State for Health in September 2012.
In May 2010 Jeremy was appointed Secretary of State for Culture, Olympics, Media and Sport. He was formerly Shadow Culture Secretary 2007 to 2010 and Shadow Minister for Disabled People 2005 to 2007.
Career outside politics
Before his election as an MP, Jeremy ran his own educational publishing business, Hotcourses. He also set up a charity to help AIDS orphans in Africa in which he continues to play an active role.
Personal life
Jeremy lives in Godalming and London with his wife, son and 2 daughters.
Previous holders of this role
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The Rt Hon Kwasi Kwarteng MP
2022 to 2022
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The Rt Hon Nadhim Zahawi MP
2022 to 2022
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The Rt Hon Rishi Sunak MP
2020 to 2022
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The Rt Hon Sajid Javid MP
2019 to 2020
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The Rt Hon Philip Hammond
2016 to 2019
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The Rt Hon George Osborne
2010 to 2016