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 to be serviced at a rate of 8% per annum, and there was also a service charge of £4000 per annum for the management of the loan. The founding of the Bank of England put an end to defaults such as the Great Stop of the Exchequer. From now on, the British Government would never fail to repay its creditors. Kenyon argues that the Stop was a failure simply because it had never been tried in England before. The French and Spanish Governments periodically repudiated their debts without undue difficulty; but from the time of Elizabeth I the English Crown