Chancellor of the Exchequer of its interest rates. The chancellor also has oversight of public spending across Government departments. The holder of the office of Chancellor of the Exchequer is "ex officio" Second Lord of the Treasury as a member of the commission exercising the ancient office of Lord High Treasurer. As the Second Lord, his official residence is 11 Downing Street in London, next door to the residence of the First Lord of the Treasury (a title that has for many years been held by the prime minister), who resides in 10 Downing Street. While in the past both houses were private residences,
Lord Mayor of London Lord Mayor of London The Lord Mayor of London is the City of London's mayor and leader of the City of London Corporation. Within the City, the Lord Mayor is accorded precedence over all individuals except the sovereign and retains various traditional powers, rights and privileges, including the title and style The Right Honourable the Lord Mayor of London. This office differs from the much more powerful "Mayor of London", which is a popularly elected position and covers the much larger Greater London area. In 2006 the Corporation of London changed its name to the "City of London Corporation", when