Chancellor of the Exchequer

Controls the Government’s finances, public spending, taxes, and borrowing money.

It is an old name for the government department that manages money.

To manage the government's financial matters.

<p>1833</p> Signup and view all the answers

<p>Comes from a chequered cloth on the table where financial calculations were made.</p> Signup and view all the answers

<p>Chancellor of the Exchequer = Controls government's finances Exchequer = Government department managing money Budget = Announced for the first time in 1284 His Majesty's Treasury = Renamed in 1833</p> Signup and view all the answers

<p>1284 = Year of the first Budget announcement 1833 = Year of the department renaming to His Majesty's Treasury Chequered cloth = Origin of the term 'Exchequer' Government finances = Responsibility of the Chancellor of the Exchequer</p> Signup and view all the answers

<p>Chancellor of the Exchequer = Control public spending and taxes His Majesty's Treasury = Manages government's financial matters Exchequer = Historical name for money management department Budget announcement = Traditional practice since 1284</p> Signup and view all the answers

<p>Chequered cloth = Tablecloth where financial calculations were made Public spending = Managed by the Chancellor of the Exchequer Renaming in 1833 = Changed to His Majesty's Treasury Financial management = Core responsibility of Exchequer</p> Signup and view all the answers

<p>Chancellor's role = Control how much money is borrowed Exchequer's purpose = Manage government's finances Budget origin = First announced in 1284 Treasury renaming = Happened in 1833</p> Signup and view all the answers