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
Chief Secretary to the Treasury 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 the Cabinet making the Treasury the only Department to have two ministers automatically serving in the Cabinet. Since 2015, however, the status of the Chief Secretary to