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
George Osborne leadership campaign. Cameron then appointed him Shadow Chancellor of the Exchequer and, after the 2010 general election, Chancellor of the Exchequer in the Conservative–Liberal Democrat coalition government. As Chancellor, Osborne pursued austerity policies aimed at reducing the budget deficit and launched the Northern Powerhouse initiative. After the Conservatives won an overall majority in the 2015 general election, Cameron reappointed him Chancellor in his second government and gave him the additional title of First Secretary of State. During the premiership of David Cameron, George Osborne was widely viewed as a potential future Leader of the Conservative Party; one Conservative MP suggested