First Lord of the Treasury that office; in this case, the Second Lord of the Treasury usually served as Chancellor. As of 1841, the Chancellor of the Exchequer has always been Second Lord of the Treasury when he was not also Prime Minister. By convention, the other Lords Commissioners of the Treasury are also Government Whips in the House of Commons. 10 Downing Street is the official residence of the First Lord of the Treasury, and not of the Prime Minister. Chequers, a country house in Buckinghamshire, is the official country residence of the Prime Minister, used as a weekend and holiday home, although the
Lords Commissioners of the Treasury with the decline of defence as an urgent policy area this was abandoned by Sir Anthony Eden when he came to office in 1955. Accordingly, the First Lord of the Treasury is the title most associated with the Prime Ministership. Indeed fully seven Prime Ministers saw fit to occupy the post of First Lord of the Treasury only, and held no other subsidiary office. Those Prime Ministers were Lord Rockingham (1782), Lord Portland (1807-1809), David Lloyd-George (1916-1922), Eden (1955-57), Harold Macmillan (1957-1963), Sir Alec Douglas-Home (1963-1964), and Harold Wilson (1964-1968, at which point he also became Minister for the Civil