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,
Royal Commission on the Amalgamation of the City and County of London of the LCC, Lord Rosebery, was strongly in favour of the unification of the city and county. Campaigning for the second county council elections in 1892, he set out the position of the Progressives: "The present arrangement by which a comparatively small district in the centre of London is detached from London and held aloof cannot be maintained. The object of parliament and of reformers must be that the city should be united with London as soon as possible and with as little friction as possible. Of all London reforms I lay infinitely the most stress on this, because each