Shadow Chancellor of the Exchequer used interchangeably with "economic spokesperson" by the Liberal Democrats as well as the main opposition party. This was a source of humour for one time Chancellor of the Exchequer Gordon Brown, who in 2005 played the two off against one another in Parliament, saying, "I, too, have a great deal of time for the shadow Chancellor who resides in Twickenham [<nowiki></nowiki>Vince Cable<nowiki></nowiki>], rather than the shadow Chancellor for the Conservative Party." The position of Shadow Chancellor of the Exchequer is currently held by John McDonnell. Shadow Chancellor of the Exchequer The Shadow Chancellor of the Exchequer in the British Parliamentary
Chancellor of the Exchequer Treasury" is not a minister but the senior civil servant in the Treasury. The chancellor is obliged to be a member of the Privy Council, and thus is styled the Right Honourable (Rt. Hon.). Because the House of Lords is excluded from Finance Bills under the Parliament Acts, the office has since the early 20th century been effectively limited to members of the House of Commons. The chancellor holds the formerly independent office of Master of the Mint as a subsidiary office. The Chancellor's official residence, since 1828, is No. 11 Downing Street. In 1997, the then First and Second