What other title is given to 'The First Lord of the Treasury'?
First Lord of the Treasury First Lord of the Treasury The First Lord of the Treasury is the head of the commission exercising the ancient office of Lord High Treasurer in the United Kingdom, and is now always also the Prime Minister. This office is not equivalent to the usual position of the "Treasurer" in other governments; the closer equivalent of a Treasurer in the United Kingdom is the Chancellor of the Exchequer, who is the Second Lord of the Treasury. As of the beginning of the 17th century, the running of the Treasury was frequently entrusted to a commission, rather than to a single
Lords Commissioners of the Treasury Robert Walpole as the inaugural holder), it has been typical for the incumbent to assume also the position of First Lord of the Treasury. None of the other Lords of the Treasury work for the Treasury in a substantive sense. Rather they are government whips, given nominal positions in the Treasury to enable them to be suitably remunerated as members of Her Majesty's Government. The flexibility of the Commission of the Lord High Treasurer is suitably flexible for the government's whip operation because there are no fixed number of spaces on the Commission. Ironically however the Chief Whip himself is