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
Chief Secretary to the Treasury the Treasury has been reduced to an "also attending Cabinet" role. The position's responsibilities include negotiating with departments about budget allocations, public sector pay, and procurement policy. Chief Secretary to the Treasury The Chief Secretary to the Treasury is the third most senior ministerial position in HM Treasury, after the First Lord of the Treasury and the Chancellor of the Exchequer. It was created in 1961, to share the burden of representing the Treasury with the Chancellor of the Exchequer. Between 1961 and 2015 the holder of the post of Chief Secretary to the Treasury was automatically a member of