Chancellor of the Exchequer Chancellor of the Exchequer The Chancellor and Under-Treasurer of Her Majesty's Exchequer, commonly known as the Chancellor of the Exchequer, or simply the Chancellor, is a senior official within the Government of the United Kingdom and head of Her Majesty's Treasury. The office is a British Cabinet-level position. The chancellor is responsible for all economic and financial matters, equivalent to the role of finance minister in other nations. The position is considered one of the four Great Offices of State, and in recent times has come to be the most powerful office in British politics after the prime minister. The
Politics of the British Virgin Islands holding the largest number of seats. The Cabinet (formerly named the Executive Council) is appointed by the Governor upon the advice of the Premier from amongst the elected members of the House of Assembly. The British Virgin Islands elects on territorial level a legislature. The House of Assembly (formerly Legislative Council) has 15 members, 13 members elected for a four-year term, 9 of them in single-seat constituencies and 4 at large, one "ex officio" member and one speaker chosen from outside the council. The 4 at large seats are a comparatively recent innovation in British Virgin Islands politics. They were