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
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