Definition, Meaning & Synonyms
chancellor-of-the-exchequer
Noun
/ˈtʃæn.sə.lər əv ði ˈɛkˌʃɛkər/
Definition
The chancellor of the exchequer is a high-ranking official in the UK government responsible for economic and financial matters, including overseeing the Treasury and formulating fiscal policy.
Examples
- The Chancellor of the Exchequer announced new measures to boost the economy.
- As Chancellor, he presented the budget to Parliament every year.
- Many policies are directly influenced by the decisions made by the Chancellor of the Exchequer.
Meaning
The term refers to a key government position in the United Kingdom that manages the country’s finances, sets the budget, and develops tax policies.
Synonyms
- Finance minister
- Treasure secretary
- Economic head
