Chancellor of the Exchequer Lords, Tony Blair and Gordon Brown respectively, swapped apartments, as the Chancellor's apartment in No. 11 was bigger and thus better suited to the needs of Blair (who had children living with him, including one born during his tenure) than Brown who was at that stage unmarried. Dorneywood is the summer residence that is traditionally made available to the chancellor, though it is the prime minister who ultimately decides who may use it. Gordon Brown, on becoming chancellor in 1997, refused to use it and the house, which is set in of parkland, was allocated to Deputy Prime Minister John
Stop of the Exchequer long-term banking privileges including the issue of notes. The Royal Charter was granted on 27 July through the passage of the Tonnage Act 1694. The Bank of England was founded 12 years after the Exchequer Stop - the actual consequence of the Exchequer Stop, at the time, was that banks such as Hoare's bank emerged - where the gold was physically kept on the premises rather than being entrusted to the government. Hoare's bank still exists to this day. Public finances were in so dire a condition at the time that the terms of the loan were that it was