First Lord Of The Treasury (Noun)
Meaning
The British cabinet minister responsible for economic strategy.
Classification
Nouns denoting people.
Examples
- The Chancellor of the Exchequer is often referred to as the First Lord of the Treasury, as he is the chief minister responsible for setting the UK's financial and economic direction.
- The Prime Minister traditionally holds the office of First Lord of the Treasury, which makes them the most senior minister in the British government.
- As First Lord of the Treasury, the Chancellor is responsible for presenting the annual Budget to Parliament and outlining the government's economic plans.
- The office of First Lord of the Treasury has been held by many notable British politicians, including Winston Churchill and Gordon Brown.
- In modern times, the role of First Lord of the Treasury has become increasingly focused on overseeing the UK's economic policy and responding to global economic trends.