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==Lords of the Treasury==
==Lords of the Treasury==
As of the beginning of the 17th century, the running of [[HM Treasury|the Treasury]] was frequently entrusted to a commission, rather than to a single individual. After 1714, it was permanently in commission. The commissioners were referred to as '''Lords Commissioners of the Treasury''', and given a number based on seniority. Eventually, the '''First Lord of the Treasury''' came to be seen as the natural head of any ministry, and, as of the time of [[Robert Walpole]], began to be known, unofficially, as the [[Prime Minister of the United Kingdom|Prime Minister]]. Indeed, the term Prime Minister was sometimes used in a derogatory way. "Prime minister" was first used officially in a royal warrant in 1905.
As of the beginning of the 17th century, the running of [[HM Treasury|the Treasury]] was frequently entrusted to a commission, rather than to a single individual. After 1714, it was permanently in commission. The commissioners were referred to as '''Lords Commissioners of the Treasury''', and given a number based on seniority. Eventually, the '''First Lord of the Treasury''' came to be seen as the natural head of any ministry, and, as of the time of [[Robert Walpole]], began to be known, unofficially, as the [[Prime Minister of the United Kingdom|Prime Minister]]. Indeed, the term Prime Minister was sometimes used in a derogatory way. "Prime minister" was first used officially in a royal warrant in 1905. [[Pitt the Younger]] once opined that the Prime Minister "ought to be the person at the head of the finances."<ref name="historyandpolicy">{{cite web|url=http://www.historyandpolicy.org/papers/policy-paper-102.html|title=The power of the Prime Minister|last=Andrew Blick and George Jones|date=June 2010|work=History & Policy|publisher=History & Policy|language=[[English language|English]]|accessdate=9 December 2010|location=[[United Kingdom]]}}</ref>


Prior to 1827 the First Lord of the Treasury, when a commoner, also held the office of '''[[Chancellor of the Exchequer]]''', whilst if the First Lord was a peer, the Second Lord would usually serve as Chancellor. As of 1827, the Chancellor of the Exchequer has always been Second Lord of the Treasury when he has not also been the Prime Minister, regardless of peerage status. By convention, the other Lords Commissioners of the Treasury are also Government [[Whip (politics)|Whip]]s in the [[British House of Commons|House of Commons]].
Prior to 1827 the First Lord of the Treasury, when a commoner, also held the office of '''[[Chancellor of the Exchequer]]''', whilst if the First Lord was a peer, the Second Lord would usually serve as Chancellor. As of 1827, the Chancellor of the Exchequer has always been Second Lord of the Treasury when he has not also been the Prime Minister, regardless of peerage status. By convention, the other Lords Commissioners of the Treasury are also Government [[Whip (politics)|Whip]]s in the [[British House of Commons|House of Commons]].

Revision as of 12:39, 16 December 2010

First Lord of the Treasury of the United Kingdom
Arms of Her Majesty's Government
Incumbent
David Cameron
since May 11, 2010
StyleThe Right Honourable
Residence10 Downing Street
AppointerElizabeth II of the United Kingdom
as sovereign
Term lengthNo statutory limit, by established convention, the position is held by the Prime Minister of the United Kingdom who is by further convention the leader of the party victorious in the general election, which is required at least every five years.
Inaugural holderNigel (Lord High Treasurer)
Henry Howard, 1st Earl of Northampton (initial First Lord of the Commission)
The Earl of Halifax (Commission became permanent)
Formation1126 (Lord High Treasurer)
1612 (First Lord of the Commission of the Treasury)
1714 (Commission has been permanent since the resignation of the Duke of Shrewsbury)
Websitehttp://www.number10.gov.uk
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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.

Lords 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 individual. After 1714, it was permanently in commission. The commissioners were referred to as Lords Commissioners of the Treasury, and given a number based on seniority. Eventually, the First Lord of the Treasury came to be seen as the natural head of any ministry, and, as of the time of Robert Walpole, began to be known, unofficially, as the Prime Minister. Indeed, the term Prime Minister was sometimes used in a derogatory way. "Prime minister" was first used officially in a royal warrant in 1905. Pitt the Younger once opined that the Prime Minister "ought to be the person at the head of the finances."[1]

Prior to 1827 the First Lord of the Treasury, when a commoner, also held the office of Chancellor of the Exchequer, whilst if the First Lord was a peer, the Second Lord would usually serve as Chancellor. As of 1827, the Chancellor of the Exchequer has always been Second Lord of the Treasury when he has not also been the Prime Minister, regardless of peerage status. By convention, the other Lords Commissioners of the Treasury are also Government Whips in the House of Commons.

Official residence

10 Downing Street is the official residence of the First Lord of the Treasury, and not of the prime minister. The only prime ministerial residence is Chequers, a country house in Buckinghamshire used as a weekend and holiday home; however, all modern prime ministers have simultaneously been First Lord of the Treasury, and so 10 Downing Street has come to be identified closely with the premiership.

List of First Lords of the Treasury, 1714 - 1905

Much of this list overlaps with the list of Prime Ministers of the United Kingdom, but there are some notable differences, principally concerning the Marquess of Salisbury, who was Prime Minister but not First Lord 1885–86, 1887–92 and 1895–1902. Those First Lords who were simultaneously Prime Minister are indicated by the use of bold typeface; those First Lords who were considered Prime Minister only during part of their term are indicated by the use of bold italic typeface. For earlier Lord Treasurers and First Lords, see List of Lord Treasurers.

Name Entered office Left office Political party
style="background-color: Template:British Whig Party/meta/color" | Earl of Halifax 13 October 1714 19 May 1715 Whig
style="background-color: Template:British Whig Party/meta/color" | Earl of Carlisle 23 May 1715 10 October 1715 Whig
style="background-color: Template:British Whig Party/meta/color" | Robert Walpole 10 October 1715 12 April 1717 Whig
style="background-color: Template:British Whig Party/meta/color" | Earl Stanhope 12 April 1717 21 March 1718 Whig
style="background-color: Template:British Whig Party/meta/color" | Earl of Sunderland 21 March 1718 4 April 1721 Whig
style="background-color: Template:British Whig Party/meta/color" | Sir Robert Walpole 4 April 1721 11 February 1742 Whig
style="background-color: Template:British Whig Party/meta/color" | Earl of Wilmington 16 February 1742 2 July 1743 Whig
style="background-color: Template:British Whig Party/meta/color" | Henry Pelham 27 August 1743 6 March 1754 Whig
style="background-color: Template:British Whig Party/meta/color" | Duke of Newcastle-upon-Tyne 16 March 1754 16 November 1756 Whig
style="background-color: Template:British Whig Party/meta/color" | Duke of Devonshire 16 November 1756 25 June 1757 Whig
style="background-color: Template:British Whig Party/meta/color" | Duke of Newcastle-upon-Tyne 2 July 1757 26 May 1762 Whig
style="background-color: Template:Conservative Party (UK)/meta/color" | Earl of Bute 26 May 1762 16 April 1763 Tory
style="background-color: Template:British Whig Party/meta/color" | George Grenville 16 April 1763 13 July 1765 Whig
style="background-color: Template:British Whig Party/meta/color" | Marquess of Rockingham 13 July 1765 30 July 1766 Whig
style="background-color: Template:British Whig Party/meta/color" | Duke of Grafton[2] 30 July 1766 28 January 1770 Whig
style="background-color: Template:Conservative Party (UK)/meta/color" | Lord North 28 January 1770 22 March 1782 Tory
style="background-color: Template:British Whig Party/meta/color" | Marquess of Rockingham 27 March 1782 1 July 1782 Whig
style="background-color: Template:British Whig Party/meta/color" | Earl of Shelburne 4 July 1782 2 April 1783 Whig
style="background-color: Template:British Whig Party/meta/color" | Duke of Portland 2 April 1783 19 December 1783 Whig
style="background-color: Template:Conservative Party (UK)/meta/color" | William Pitt the Younger 19 December 1783 14 March 1801 Tory
style="background-color: Template:Conservative Party (UK)/meta/color" | Henry Addington 17 March 1801 10 May 1804 Tory
style="background-color: Template:Conservative Party (UK)/meta/color" | William Pitt the Younger 10 May 1804 23 January 1806 Tory
style="background-color: Template:British Whig Party/meta/color" | Lord Grenville 11 February 1806 31 March 1807 Whig
style="background-color: Template:British Whig Party/meta/color" | Duke of Portland 31 March 1807 4 October 1809 Whig
style="background-color: Template:Conservative Party (UK)/meta/color" | Spencer Perceval 4 October 1809 11 May 1812 Tory
style="background-color: Template:Conservative Party (UK)/meta/color" | Earl of Liverpool 9 June 1812 10 April 1827 Tory
style="background-color: Template:Conservative Party (UK)/meta/color" | George Canning 10 April 1827 8 August 1827 Tory
style="background-color: Template:Conservative Party (UK)/meta/color" | Viscount Goderich 31 August 1827 22 January 1828 Tory
style="background-color: Template:Conservative Party (UK)/meta/color" | Duke of Wellington 22 January 1828 22 November 1830 Tory
style="background-color: Template:British Whig Party/meta/color" | Earl Grey 22 November 1830 16 July 1834 Whig
style="background-color: Template:British Whig Party/meta/color" | Viscount Melbourne 16 July 1834 17 November 1834 Whig
style="background-color: Template:Conservative Party (UK)/meta/color" | Sir Robert Peel 10 December 1834 8 April 1835 Tory
style="background-color: Template:British Whig Party/meta/color" | Viscount Melbourne 18 April 1835 30 August 1841 Whig
style="background-color: Template:Conservative Party (UK)/meta/color" | Sir Robert Peel 30 August 1841 29 June 1846 Conservative
style="background-color: Template:British Whig Party/meta/color" | Lord John Russell 30 June 1846 23 February 1852 Whig
style="background-color: Template:Conservative Party (UK)/meta/color" | Earl of Derby 23 February 1852 19 December 1852 Conservative
style="background-color: Template:Peelite/meta/color" | Earl of Aberdeen 19 December 1852 6 February 1855 Peelite
style="background-color: Template:Liberal Party (UK)/meta/color" | Viscount Palmerston 6 February 1855 20 February 1858 Liberal
style="background-color: Template:Conservative Party (UK)/meta/color" | Earl of Derby 20 February 1858 12 June 1859 Conservative
style="background-color: Template:Liberal Party (UK)/meta/color" | Viscount Palmerston 12 June 1859 18 October 1865 Liberal
style="background-color: Template:Liberal Party (UK)/meta/color" | Earl Russell 29 October 1865 28 June 1866 Liberal
style="background-color: Template:Conservative Party (UK)/meta/color" | Earl of Derby 28 June 1866 27 February 1868 Conservative
style="background-color: Template:Conservative Party (UK)/meta/color" | Benjamin Disraeli 27 February 1868 3 December 1868 Conservative
style="background-color: Template:Liberal Party (UK)/meta/color" | William Ewart Gladstone 3 December 1868 20 February 1874 Liberal
style="background-color: Template:Conservative Party (UK)/meta/color" | Benjamin Disraeli
(from 1876 as Earl of Beaconsfield) 		20 February 1874 23 April 1880 Conservative
style="background-color: Template:Liberal Party (UK)/meta/color" | William Ewart Gladstone 23 April 1880 23 June 1885 Liberal
style="background-color: Template:Conservative Party (UK)/meta/color" | Earl of Iddesleigh 29 June 1885 1 February 1886 Conservative
style="background-color: Template:Liberal Party (UK)/meta/color" | William Ewart Gladstone 1 February 1886 25 July 1886 Liberal
style="background-color: Template:Conservative Party (UK)/meta/color" | Marquess of Salisbury[3] 3 August 1886 14 January 1887 Conservative
style="background-color: Template:Conservative Party (UK)/meta/color" | William Henry Smith 14 January 1887 6 October 1891 Conservative
style="background-color: Template:Conservative Party (UK)/meta/color" | Arthur Balfour 6 October 1891 15 August 1892 Conservative
style="background-color: Template:Liberal Party (UK)/meta/color" | William Ewart Gladstone 15 August 1892 5 March 1894 Liberal
style="background-color: Template:Liberal Party (UK)/meta/color" | Earl of Rosebery 5 March 1894 25 June 1895 Liberal
style="background-color: Template:Conservative Party (UK)/meta/color" | Arthur Balfour[4] 25 June 1895 5 December 1905 Conservative

Thereafter the posts of First Lord of the Treasury and Prime Minister have always been held by the same person; see the list of 20th century U.K. Prime Ministers.

See also

Notes

  1. ^ Andrew Blick and George Jones (June 2010). "The power of the Prime Minister". History & Policy (in English). United Kingdom: History & Policy. Retrieved 9 December 2010.{{cite web}}: CS1 maint: unrecognized language (link)
  2. ^ Grafton was also Prime Minister from 14 October 1768
  3. ^ Salisbury was also Prime Minister until 11 August 1892
  4. ^ Balfour was also Prime Minister from 11 July 1902 onwards

References

  • E.B. Fryde, D.E. Greenway, S. Porter, and I. Roy, ed. Handbook of British Chronology, 3rd Edition
  • Haydn, Joseph Timothy. The Book of Dignities (1894)
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