Chancellor of the Exchequer his duty to distribute as fairly as he can." The chancellor has considerable control over other departments as it is the Treasury which sets Departmental Expenditure Limits. The amount of power this gives to an individual chancellor depends on his personal forcefulness, his status within his party and his relationship with the prime minister. Gordon Brown, who became chancellor when Labour came into Government in 1997, had a large personal power base in the party. Perhaps as a result, Tony Blair chose to keep him in the same position throughout his ten years as prime minister; making Brown an unusually
How to Pay for the War: A Radical Plan for the Chancellor of the Exchequer How to Pay for the War: A Radical Plan for the Chancellor of the Exchequer How to Pay for the War: A Radical Plan for the Chancellor of the Exchequer is a book by John Maynard Keynes, published in 1940 by Macmillan and Co., Ltd.. It is an application of Keynesian thinking and principles to a practical economic problem and a relatively late text. Keynes died in 1946. In "How to Pay for the War", John Maynard Keynes describes a macroeconomic strategy of how Britain, a nation with a population at the time of 40 million people, could conduct a