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
Shadow Cabinet of John Smith Shadow Cabinet of John Smith John Smith was Leader of the Labour Party and Leader of the Official Opposition from 18 July 1992 until his death on 12 May 1994. Smith became leader upon succeeding Neil Kinnock, who had resigned following the 1992 general election—for the fourth successive time, the Conservatives had won and Labour lost. Prior to being Leader of the Opposition, Smith had been a member of the Government of James Callaghan as President of the Board of Trade (1978–1979), and served under his predecessor Neil Kinnock's Shadow Cabinet as Shadow Chancellor of the Exchequer (1987–1992). Smith's tenure