Chancellor of the Exchequer to parliament. This includes alcohol, which is otherwise banned under parliamentary rules. Previous chancellors have opted for whisky (Kenneth Clarke), gin and tonic (Geoffrey Howe), brandy and water (Benjamin Disraeli and John Major), spritzer (Nigel Lawson) and sherry and beaten egg (William Gladstone). The recent chancellors, George Osborne, Alistair Darling and Gordon Brown, opted for water. In fact Darling drank what was named "Standard Water" in reference to, and support of, the London "Evening Standard" newspaper's campaign to have plain tap water available in restaurants at no charge to customers. The chancellor has a robe of office, similar to that
Chancellor of the Exchequer 1947, inadvertently blurted out key details to a newspaper reporter, and they appeared in print before he made his speech. Dalton was forced to resign. Although the Bank of England is responsible for setting interest rates, the chancellor also plays an important part in the monetary policy structure. He sets the inflation target which the Bank must set interest rates to meet. Under the Bank of England Act 1998 the chancellor has the power of appointment of four out of nine members of the Bank's Monetary Policy Committee – the so-called 'external' members. He also has a high level of