Lords Commissioners of the Treasury concomitant, so much so that the Prime Minister's official residence, 10 Downing Street, is in fact the official residence of the First Lord of the Treasury, which title is named on the letter box. Salisbury, as a marquess of vast independent wealth, had no use of an official residence, instead living in his grander town house at 20 Arlington Street in St James's, and could instead bestow it as a perquisite to other ministers, along with the First Lordship itself. Other positions have been linked to the Prime Ministership as well. Continuously since 1968, when the position was created by
Economic Secretary to the Treasury Economic Secretary to the Treasury The Economic Secretary to the Treasury is the sixth-most senior ministerial post in the UK Treasury, after the First Lord of the Treasury, the Chancellor of the Exchequer, the Chief Secretary to the Treasury, the Paymaster-General and the Financial Secretary to the Treasury. It is not a cabinet-level post. The office was created in November 1947. In 1961, the Economic Secretary became junior to the new office of Chief Secretary to the Treasury, which held a seat in cabinet. Following the establishment of the Department of Economic Affairs in 1964, the Economic Secretary, Anthony Crosland,