Chancellor of the Exchequer in the context of "Robert Peel"

A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position .

A ministry of finance's portfolio has a large variety of names around the world, such as "treasury", "finance", "financial affairs", "economy" or "economic affairs". The position of the finance minister might be named for this portfolio, but it may also have some other name, like "Treasurer" or, in the United Kingdom, "Chancellor of the Exchequer".

Sir Winston Leonard Spencer Churchill (30 November 1874 – 24 January 1965) was a British statesman, military officer, and writer who was Prime Minister of the United Kingdom from 1940 to 1945 (during the Second World War) and again from 1951 to 1955. For some 62 of the years between 1900 and 1964, he was a Member of Parliament (MP) and represented a total of five constituencies over that time. Ideologically an adherent to economic liberalism and imperialism, he was for most of his career a member of the Conservative Party, which he led from 1940 to 1955. He was a member of the Liberal Party from 1904 to 1924.

Of mixed English and American parentage, Churchill was born in Oxfordshire into the wealthy, aristocratic Spencer family. He joined the British Army in 1895 and saw action in British India, the Mahdist War and the Second Boer War, gaining fame as a war correspondent and writing books about his campaigns. Elected a Conservative MP in 1900, he defected to the Liberals in 1904. In H. H. Asquith's Liberal government, Churchill was president of the Board of Trade and later Home Secretary, championing prison reform and workers' social security. As First Lord of the Admiralty before and during the First World War he oversaw the disastrous naval attack on the Dardanelles (a prelude to the Gallipoli campaign) and was demoted to Chancellor of the Duchy of Lancaster. He resigned in November 1915 and joined the Royal Scots Fusiliers on the Western Front for six months. In 1917, he returned to government under David Lloyd George and served successively as Minister of Munitions, Secretary of State for War, Secretary of State for Air, and Secretary of State for the Colonies, overseeing the Anglo-Irish Treaty and British foreign policy in the Middle East. After two years out of Parliament, he was Chancellor of the Exchequer in Stanley Baldwin's Conservative government, returning sterling in 1925 to the gold standard, depressing the UK economy.

William Pitt (28 May 1759 – 23 January 1806) was a British statesman who served as the last prime minister of Great Britain from 1783 until the Acts of Union 1800, and the first official prime minister of the United Kingdom from January 1801. He left office in March 1801, but served as prime minister again from 1804 until his death. He was also Chancellor of the Exchequer for all his time as prime minister. He is known as "Pitt the Younger" to distinguish him from his father, William Pitt the Elder, who had also previously served as prime minister.

Pitt's premierships, which came during the reign of King George III, were dominated by major political events in Europe, including the French Revolution and the Napoleonic Wars. Pitt, although often referred to by historians as a Tory, or "new Tory", called himself an "independent Whig" and was generally opposed to the development of a strict partisan political system.

The First Lord of the Treasury is the head of the Lords Commissioners of the Treasury exercising the ancient office of Lord High Treasurer in the United Kingdom. Traditional convention holds that the office of First Lord is held by the Prime Minister. 10 Downing Street is technically the official home of the First Lord, although it is now entirely associated with the Prime Minister's office. The office is not the United Kingdom's finance minister; this role is instead held by the Chancellor of the Exchequer, who is the Second Lord of the Treasury.

David Lloyd George, 1st Earl Lloyd-George of Dwyfor (17 January 1863 – 26 March 1945) was Prime Minister of the United Kingdom from 1916 to 1922. A Liberal Party politician from Wales, he was known for leading the United Kingdom during the First World War, for social-reform policies, for his role in the Paris Peace Conference, and for negotiating the establishment of the Irish Free State.

Born in Chorlton-on-Medlock, Manchester, and raised in Llanystumdwy, Lloyd George gained a reputation as an orator and proponent of a Welsh blend of radical Liberal ideas that included support for Welsh devolution, the disestablishment of the Church of England in Wales, equality for labourers and tenant farmers, and reform of land ownership. He won an 1890 by-election to become the Member of Parliament for Caernarvon Boroughs, and was continuously re-elected to the role for 55 years. He served in Henry Campbell-Bannerman's cabinet from 1905. After H. H. Asquith succeeded to the premiership in 1908, Lloyd George replaced him as Chancellor of the Exchequer. To fund extensive welfare reforms, he proposed taxes on land ownership and high incomes in the 1909 People's Budget, which the Conservative-dominated House of Lords rejected. The resulting constitutional crisis was only resolved after elections in 1910 and passage of the Parliament Act 1911. His budget was enacted in 1910, with the National Insurance Act 1911 and other measures helping to establish the modern welfare state. He was embroiled in the 1913 Marconi scandal but remained in office and secured the disestablishment of the Church of England in Wales.

Benjamin Disraeli, 1st Earl of Beaconsfield (21 December 1804 – 19 April 1881), was a British statesman, Conservative politician and writer who twice served as Prime Minister of the United Kingdom. He played a central role in the creation of the modern Conservative Party, defining its policies and its broad outreach. Disraeli is remembered for his influential voice in world affairs, his political battles with the Liberal Party leader William Ewart Gladstone, and his one-nation conservatism or "Tory democracy". He made the Conservatives the party most identified with the British Empire and military action to expand it, both of which were popular among British voters. He is the only British prime minister to have been born Jewish.

Disraeli was born in Bloomsbury, at that time a part of Middlesex. His father left Judaism after a dispute at his synagogue; Benjamin became an Anglican at the age of 12. After several unsuccessful attempts, Disraeli entered the House of Commons in 1837. In 1846, Prime Minister Robert Peel split the party over his proposal to repeal the Corn Laws, which involved ending the tariff on imported grain. Disraeli clashed with Peel in the House of Commons, becoming a major figure in the party. When Lord Derby, the party leader, thrice formed governments in the 1850s and 1860s, Disraeli served as Chancellor of the Exchequer and Leader of the House of Commons.

Herbert Henry Asquith, 1st Earl of Oxford and Asquith (/ˈæskwɪθ/ ASS-kwith; 12 September 1852 – 15 February 1928), generally known as H. H. Asquith, was a British statesman and Liberal politician who was Prime Minister of the United Kingdom from 1908 to 1916. He was the last prime minister from the Liberal Party to command a majority government, and the most recent Liberal to have served as Leader of the Opposition. He played a major role in the design and passage of major liberal legislation and a reduction of the power of the House of Lords. In August 1914 Asquith took the United Kingdom of Great Britain and Ireland and the British Empire into the First World War. During 1915 his government was vigorously attacked for a shortage of munitions and the failure of the Gallipoli Campaign. He formed a coalition government with other parties, but failed to satisfy critics, was forced to resign in December 1916 and never regained power.

After attending Balliol College, Oxford, he became a successful barrister. In 1886 he was the Liberal candidate for East Fife, a seat he held for over thirty years. In 1892 he was appointed Home Secretary in William Ewart Gladstone's fourth ministry, remaining in the post until the Liberals lost the 1895 election. In the decade of opposition that followed, Asquith became a major figure in the party, and when the Liberals regained power under Sir Henry Campbell-Bannerman in 1905, Asquith was named Chancellor of the Exchequer. In 1908 Asquith succeeded him as prime minister. The Liberals were determined to advance their reform agenda. An impediment to this was the House of Lords, which rejected the People's Budget of 1909. Meanwhile, the South Africa Act 1909 passed. Asquith called an election for January 1910, and the Liberals won, though they were reduced to a minority government. After another general election in December 1910, he gained passage of the Parliament Act 1911, allowing a bill three times passed by the Commons in consecutive sessions to be enacted regardless of the Lords. Asquith was less successful in dealing with Irish Home Rule. Repeated crises led to gun running and violence, verging on civil war.

Leonard James Callaghan, Baron Callaghan of Cardiff (/ˈkæləhæn/ KAL-ə-han; 27 March 1912 – 26 March 2005), was a British statesman and Labour Party politician who served as Prime Minister of the United Kingdom from 1976 to 1979 and Leader of the Labour Party from 1976 to 1980. Callaghan is the only person to have held all four Great Offices of State, having also served as Chancellor of the Exchequer from 1964 to 1967, Home Secretary from 1967 to 1970 and Foreign Secretary from 1974 to 1976. He was a Member of Parliament (MP) from 1945 to 1987.

Born into a working-class family in Portsmouth, Callaghan left school early and began his career as a tax inspector, before becoming a trade union official in the 1930s. He served as a lieutenant in the Royal Navy during the Second World War. He was elected to Parliament at the 1945 election, and was then regarded as being on the left wing of the Labour Party. He was appointed to the Attlee government as a parliamentary secretary in 1947, and began to move increasingly towards the right wing of the Labour Party, while maintaining his reputation as a "Keeper of the Cloth Cap" – that is, seen as maintaining close ties between Labour and the trade unions. Following Labour's defeat at the 1951 election, Callaghan increasingly became regarded as a leader of the right wing of the Labour Party, and stood for the positions of deputy leader in 1960 and for leader in 1963, but was defeated by George Brown for the former and Harold Wilson for the latter.

Pension Credit is the principal element of the UK welfare system for people of pension age. It is intended to supplement the UK State Pension, or to replace it (for example, if the claimant did not meet the conditions to claim a State Pension). It was introduced in the UK in 2003 by Gordon Brown, then Chancellor of the Exchequer. It has been subject to a number of changes over its existence, but has the core aim of lifting retired people of limited means out of poverty.

Eligibility may be estimated on a government website.

The Townshend Acts (/ˈtaʊnzənd/) or Townshend Duties were a series of British acts of Parliament enacted in 1766 and 1767 introducing a series of taxes and regulations to enable administration of the British colonies in America. They are named after Charles Townshend, the Chancellor of the Exchequer who proposed the program. Historians vary slightly as to which acts should be included under the heading "Townshend Acts", but five are often listed:

• The Revenue Act 1767 passed on 29 June 1767.
• The Commissioners of Customs Act 1767 passed on 29 June 1767.
• The Indemnity Act 1767 passed on 2 July 1767.
• The New York Restraining Act 1767 passed on 2 July 1767.
• The Vice Admiralty Court Act 1768 passed on 8 March 1768.