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 the title Lord Mayor of the City of London was reintroduced, partly to avoid confusion with the Mayor of London. However, the legal and commonly used title remains Lord Mayor of London. The Lord Mayor is elected at "Common Hall" each year on Michaelmas, and takes office on the Friday before the second Saturday in November, at "The Silent Ceremony". The Lord Mayor's Show is held on the day after taking office; the Lord Mayor, preceded by a procession, travels to the Royal Courts of Justice at the Strand to swear allegiance to the sovereign before the Justices of the