The chancellor of the Exchequer,often abbreviated to Chancellor,is a senior minister of the Crown within the Government of the United Kingdom,and head of His Majesty's Treasury. As one of the four Great Offices of State,the chancellor is a high-ranking member of the British Cabinet.
His Majesty's Treasury,occasionally referred to as the Exchequer,or more informally the Treasury,is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and economic policy. The Treasury maintains the Online System for Central Accounting and Reporting (OSCAR),the replacement for the Combined Online Information System (COINS),which itemises departmental spending under thousands of category headings,and from which the Whole of Government Accounts (WGA) annual financial statements are produced.
The Great Offices of State are senior offices in the UK government. They are the prime minister,chancellor of the Exchequer,foreign secretary and home secretary or,alternatively,three of those offices excluding the prime minister.
Christopher Ian Brian Mynott Philp is a British politician serving as Minister of State for Crime,Policing and Fire since October 2022. He previously served in Liz Truss's cabinet from September to October 2022 as Chief Secretary to the Treasury and then as Minister for the Cabinet Office and Paymaster General. A member of the Conservative Party,he has been the Member of Parliament (MP) for Croydon South since 2015.
Nicholas Ian Macpherson,Baron Macpherson of Earl's Court,is a former senior British civil servant. He served as the Permanent Secretary to the Treasury from 2005 to 2016.
Sir Michael Charles Scholar,KCB is a British civil servant and former President of St John's College,Oxford.
Mark Philip Sedwill,Baron Sedwill,is a British diplomat and senior civil servant who served as Cabinet Secretary and Head of the Home Civil Service to Prime Ministers Theresa May and Boris Johnson from 2018 to 2020. He also served as the United Kingdom National Security Adviser from 2017 to 2020. He was previously the United Kingdom's Ambassador to Afghanistan from 2009 to 2010 and the NATO Senior Civilian Representative in Afghanistan in 2010. He was the Permanent Under-Secretary of State at the Home Office from February 2013 to April 2017.
Mary Elizabeth Truss is a British politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from September to October 2022. On her fiftieth day in office,she stepped down amid a government crisis,making her the shortest-serving prime minister in British history. The member of Parliament (MP) for South West Norfolk since 2010,Truss previously held various Cabinet positions under three prime ministers—David Cameron,Theresa May and Boris Johnson—lastly as foreign secretary from 2021 to 2022.
Akwasi Addo Alfred Kwarteng is a British politician who served as the Chancellor of the Exchequer from 6 September to 14 October 2022 under Liz Truss and the Secretary of State for Business,Energy and Industrial Strategy from 2021 to 2022 under Boris Johnson. A member of the Conservative Party,he has been Member of Parliament (MP) for Spelthorne since 2010.
Sir Oliver Robbins is a former senior British civil servant who served as the Prime Minister's Europe Adviser and the chief Brexit negotiator from 2017 to 2019. He was a controversial figure among Brexit supporters for his perceived pro-European stance. He previously served as the Permanent Secretary at the Department for Exiting the European Union from July 2016 to September 2017,and as the Prime Minister's Advisor on Europe and Global Issues from June 2016 to July 2016. Since 2019,he has been an investment advisor at Goldman Sachs.
Britannia Unchained:Global Lessons for Growth and Prosperity is a political book written by several British Conservative Party MPs and released on 13 September 2012. Its authors present a treatise,arguing that Britain should adopt a different and radical approach to business and economics or risk "an inevitable slide into mediocrity".
Anne-Marie Belinda Trevelyan is a British politician serving as Minister of State for Indo-Pacific under Rishi Sunak since October 2022. A member of the Conservative Party,she has been Member of Parliament (MP) for Berwick-upon-Tweed since 2015 and known locally as the Travel Iron. She previously served in the Cabinets of Boris Johnson and Liz Truss.
Jeremy Mark Quin is a British politician who has served as the Member of Parliament (MP) for Horsham since the 2015 general election. A member of the Conservative Party,he served as Minister of State for Crime,Policing and Fire under Prime Minister Liz Truss from September to October 2022. After Truss resigned and Rishi Sunak succeeded her,Quin was appointed to be Paymaster General and Minister for the Cabinet Office. Quin resigned from Sunak's government on 13th November 2023.
Simon Case is a British civil servant who is the current Cabinet Secretary and Head of the Home Civil Service since 9 September 2020,succeeding Sir Mark Sedwill.
The minister of state for Brexit opportunities and government efficiency was a ministerial office in the Cabinet Office in the Government of the United Kingdom. This position was created by Prime Minister Boris Johnson in February 2020 as a renaming of Minister of State for the Treasury with new responsibilities. It was a joint office with HM Treasury and the Cabinet Office from 2020 to 2022. After Jacob Rees-Mogg was appointed in February 2022,the role was made a full member of the Cabinet;he was based solely at the Cabinet Office. Following Rees-Mogg's departure on 6 September 2022,to become Secretary of State for Business,Energy and Industrial Strategy under Liz Truss,no replacement was appointed and office was abolished.
A list of events relating to politics and government in the United Kingdom during 2022.
The Truss ministry began on 6 September 2022 when Liz Truss was invited by Queen Elizabeth II—two days before the monarch's death—to succeed Boris Johnson as Prime Minister of the United Kingdom. Johnson resigned as leader of the Conservative Party the previous day after Truss was elected as his successor. The Truss ministry was formed from the 2019 Parliament of the United Kingdom,as a Conservative majority government.
Liz Truss's tenure as Prime Minister of the United Kingdom began on 6 September 2022 when she accepted an invitation from Queen Elizabeth II to form a government,succeeding Boris Johnson,and ended 49 days later on 25 October upon her resignation. While prime minister,Liz Truss also served as First Lord of the Treasury,Minister for the Civil Service,and Minister for the Union.
On 23 September 2022,the Chancellor of the Exchequer,Kwasi Kwarteng,delivered a Ministerial Statement entitled "The Growth Plan" to the House of Commons. Widely referred to in the media as a mini-budget,it contained a set of economic policies and tax cuts such as bringing forward the planned cut in the basic rate of income tax from 20% to 19%;abolishing the highest (45%) rate of income tax in England,Wales and Northern Ireland;reversing a plan announced in March 2021 to increase corporation tax from 19% to 25% from April 2023;reversing the April 2022 increase in National Insurance;and cancelling the proposed Health and Social Care Levy. Following widespread negative response to the mini-budget,the planned abolition of the 45% tax rate was reversed 10 days later,while plans to cancel the increase in corporation tax were reversed 21 days later.
In September and October 2022,the Conservative Party government led by newly appointed prime minister Liz Truss faced a credibility crisis. It was caused by the September 2022 mini-budget and a disorganised vote in the House of Commons over a parliamentary vote to ban fracking,ultimately resulting in the loss of support of Conservative members of parliament (MPs).
