Chancellor of Germany it is regarded as impolite and was seen as a way of acknowledging Merkel's future leadership. There is one living former German Chancellor: Chancellor of Germany The title Chancellor has designated different offices in the history of Germany. It is currently used for the Chancellor of the Federal Republic of Germany (), the head of government of Germany. The term, dating from the Early Middle Ages, is derived from the Latin term "cancellarius". The modern office of chancellor evolved from the position created for Otto von Bismarck in the North German Confederation in 1867; this federal state evolved into a
Chancellor of the Exchequer dominant figure and the longest-serving chancellor since the Reform Act of 1832. This has strengthened a pre-existing trend towards the Chancellor occupying a clear second position among government ministers, elevated above his traditional peers, the Foreign Secretary and Home Secretary. One part of the Chancellor's key roles involves the framing of the annual year budget. As of 2017, the first is the Autumn Budget, also known as Budget Day which forecasts government spending in the next financial year and also announces new financial measures. The second is a Spring Statement, also known as a "mini-Budget". Britain's tax year has retained