H&P has prepared a glossary to explain historical terms that are not in common use today. This is designed for readers of H&P's policy papers, opinion articles and Number 10 guest historian features, as well as students, journalists and policy makers.
All entries have been prepared by the editors of H&P's Number 10 guest historian series: Whitfield prize-winner Dr Ben Griffin and Dr Andrew Thompson of Cambridge University and Dr Andrew Blick, of King's College London.
The official office that virtually all Prime Ministers have held. After 1714 the running of the Treasury was put in the hands of a commission, rather than a single individual, with the First Lord being the most senior commissioner. The importance of financial affairs meant that gradually the First Lord emerged as the most important of all government ministers. Until 1827, the First Lord was also Chancellor of the Exchequer, provided that he was a member of the Commons. If the First Lord was a peer, then a separate Chancellor was appointed.
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