Explained in plain English
What does the Chancellor do?
The Chancellor of the Exchequer is a very important government minister, essentially the UK's finance minister. They're responsible for all economic and financial matters, including setting the budget, managing taxes, and controlling public spending. John Healey has just taken on this huge role, replacing Rachel Reeves.
Stories that explain this
John Healey named chancellor weeks after quitting cabinetQuestions this opens up
Who decides the budget? What is the Treasury? How do taxes work?This explainer came from a news story
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