Shadow Chancellor of the Exchequer

Last updated

Shadow Chancellor of the Exchequer
Official portrait of Rachel Reeves.jpg
Incumbent
Rachel Reeves
since 9 May 2021
Appointer Leader of the Opposition
Inaugural holder Rab Butler
Website The Shadow Cabinet

The Shadow Chancellor of the Exchequer in the British Parliamentary system is the member of the Shadow Cabinet who is responsible for shadowing the Chancellor of the Exchequer. The title is given at the gift of the Leader of the Opposition and has no formal constitutional role, but is generally considered the second-most senior position on the opposition frontbench, after the Leader. Past Shadow Chancellors include Harold Wilson, James Callaghan, Edward Heath, Geoffrey Howe, Kenneth Clarke, Gordon Brown, and John McDonnell.

Contents

The current Shadow Chancellor is Rachel Reeves, who has held the position since 9 May 2021. She is the second woman to hold the position.

The name for the position has a mixed history. It is used to designate the lead economic spokesman for the Opposition. The name 'Shadow Chancellor' has also been used for the corresponding position for the Liberal Democrats, the Liberal Democrat Treasury spokesperson. [1] This was a source of humour for Chancellor Gordon Brown, who in 2005 played the two off against one another in Parliament, saying, "I, too, have a great deal of time for the shadow Chancellor who resides in Twickenham [Liberal Democrat Vince Cable], rather than the shadow Chancellor for the Conservative Party." [2]

List of Shadow Chancellors

NamePortraitTerm of officePartyShadow Cabinet
Rab Butler Rab Butler.jpg 10 December 195026 October 1951 Conservative
Hugh Gaitskell Hugh Todd Naylor Gaitskell.jpg 26 October 195114 December 1955 Labour Attlee
Harold Wilson Harold Wilson.jpg 14 December 19552 November 1961 Gaitskell
James Callaghan James Callaghan (1975).jpg 2 November 196115 October 1964
Wilson I
Reginald Maudling 15 October 196416 February 1965 [3] Conservative Douglas-Home
Edward Heath Edward Heath 4 Allan Warren (cropped).jpg 16 February 1965 [4] 11 November 1965 Heath I
Iain Macleod The National Archives UK - CO 1069-166-17 Macleod crop.jpg 11 November 196520 June 1970
Roy Jenkins Roy Jenkins 1977 (cropped).jpg 20 June 197019 April 1972Labour Wilson II
Denis Healey Denis Healey.jpg 19 April 19724 March 1974
Robert Carr Robert Carr2.jpg 4 March 197411 February 1975Conservative Heath II
Sir Geoffrey Howe Geoffrey Howe (1985).jpg 11 February 19754 May 1979 Thatcher
Denis Healey Denis Healey.jpg 4 May 19798 December 1980Labour Callaghan
Peter Shore 8 December 198031 October 1983 Foot
Roy Hattersley Roy Hattersley 2012 cropped 2.jpg 31 October 198313 July 1987 Kinnock
John Smith 13 July 198724 July 1992
Gordon Brown Gordon Brown official.jpg 24 July 19922 May 1997 Smith
Beckett
Blair
Ken Clarke Official portrait of Mr Kenneth Clarke crop 2.jpg 2 May 199711 June 1997Conservative Major
Peter Lilley Official portrait of Lord Lilley crop 2.jpg 11 June 19972 June 1998 Hague
Francis Maude Francis Maude, Minister for the Cabinet Office.jpg 2 June 19981 February 2000
Michael Portillo Michael Portillo by Regents College cropped.jpg 1 February 200018 September 2001
Michael Howard Official portrait of Lord Howard of Lympne crop 2.jpg 18 September 20016 November 2003 Duncan Smith
Oliver Letwin Oliver Letwin Official.jpg 6 November 200310 May 2005 Howard
George Osborne Osborne 2015.jpg 10 May 200511 May 2010
Cameron
Alistair Darling AlistairDarlingABr cropped.jpg 11 May 20108 October 2010Labour Harman I
Alan Johnson Alan Johnson MP.jpg 8 October 201020 January 2011 Miliband
Ed Balls Ed Balls 2.jpg 20 January 201111 May 2015
Chris Leslie Official portrait of Mr Chris Leslie crop 2.jpg 11 May 201512 September 2015 Harman II
John McDonnell Official portrait of Rt Hon John McDonnell MP crop 2.jpg 13 September 20155 April 2020 Corbyn
Anneliese Dodds Official portrait of Anneliese Dodds MP crop 2.jpg 5 April 2020 9 May 2021 Starmer
Rachel Reeves Official portrait of Rachel Reeves crop 2.jpg 9 May 2021 Incumbent

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References

  1. Parker, George (18 October 2014). "Alexander to replace Cable as LibDem shadow chancellor". Financial Times . London. Retrieved 5 July 2015.
  2. Department of the Official Report (Hansard), House of Commons, Westminster (5 December 2005). "House of Commons Hansard Debates for 5 Dec 2005 (pt 8)". Publications.parliament.uk. Archived from the original on 28 October 2016. Retrieved 5 September 2019.{{cite web}}: CS1 maint: multiple names: authors list (link)
  3. Baston 2004, 246
  4. Baston 2004, 246

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