Gfrktyl

First Lord of the Treasury
	; ; Royal Arms of Her Majesty's Government; ;
	; ; Incumbent; Theresa May; since 13 July 2016
	Her Majesty's Treasury
Style	The Right Honourable
Member of	Cabinet
Residence	10 Downing Street
Seat	Westminster
Appointer	The Monarch; appoints ex officio the Prime Minister;
Term length	At Her Majesty's pleasure
Formation	; ; 1126:; as Lord High Treasurer; ; ; 1612:; as First Lord of the Commission of the Treasury; ; 1714:; commission has been permanent since the resignation of the Duke of Shrewsbury; ; ; ;
First holder	; Nigel; as Lord High Treasurer; The Earl of Northampton; as First Lord of the Commission; The Earl of Halifax; when the commission became permanent;
Deputy	Second Lord of the Treasury
Website	www.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 by convention 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.

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. Since 1714, it has permanently been in commission. The commissioners have always since that date been referred to as Lords Commissioners of the Treasury, and adopted ordinal numbers to describe their seniority. Eventually in the middle of the same century, the First Lord of the Treasury came to be seen as the natural head of the overall ministry running the country, and, as of the time of Robert Walpole (Whig), began to be known, unofficially, as the Prime Minister. The term Prime Minister was initially, but decreasingly, used as a term of derogation: it was first used officially in a royal warrant only in 1905. William Pitt the Younger once opined that the Prime Minister "ought to be the person at the head of the finances" (though Pitt also served as Chancellor of the Exchequer for the entirety of his time as Prime Minister, so his linkage of the finance portfolio to the premiership was wider than merely proposing the occupation of the First Lordship of the Treasury by the Prime Minister).^[1]

Prior to 1841 the First Lord of the Treasury also held the office of Chancellor of the Exchequer unless he was a peer and thus barred from that office; in this case, the Second Lord of the Treasury usually served as Chancellor. As of 1841, the Chancellor of the Exchequer has always been Second Lord of the Treasury when he was not also Prime Minister. 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.^[2]Chequers, a country house in Buckinghamshire, is the official country residence of the Prime Minister, used as a weekend and holiday home, although the residence is also used by other senior members of government.

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 in 1885–86, 1887–92 and 1895–1902. Those First Lords who were simultaneously Prime Minister are indicated in bold; those First Lords who were considered Prime Minister only during part of their term are indicated in bold italic.

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

Thereafter the posts of First Lord of the Treasury and Prime Minister have continually been held by the same person; see the list of 20th century British prime ministers.

Notes

^ Blick, Andrew; Jones, George (7 June 2010). "The power of the Prime Minister". History & Policy. United Kingdom: History & Policy. Retrieved 9 December 2010..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}

^ "First Lord of the Treasury - GOV.UK". www.gov.uk. Retrieved 2018-03-22.

^ Grafton became Prime Minister on 14 October 1768.

^ Salisbury continued to serve as Prime Minister until 11 August 1892.

^ Balfour became Prime Minister on 11 July 1902.

References

Pryde, E. B.; Greenway, D. E.; Porter, S.; Roy, I., eds. (23 February 1996), Handbook of British Chronology (3rd ed.), Cambridge University Press, ISBN 978-0-521-56350-5

Haydn, Joseph Timothy (1890), The Book of Dignities, London: W. H. Allen and Co., OL 13505280M

[historyandpolicy-1] Blick, Andrew; Jones, George (7 June 2010). "The power of the Prime Minister". History & Policy. United Kingdom: History & Policy. Retrieved 9 December 2010..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}

[2] "First Lord of the Treasury - GOV.UK". www.gov.uk. Retrieved 2018-03-22.

[grafton-3] Grafton became Prime Minister on 14 October 1768.

[salisbury-4] Salisbury continued to serve as Prime Minister until 11 August 1892.

[balfour-5] Balfour became Prime Minister on 11 July 1902.

v t e Downing Street
Buildings	9 Downing Street Chief Whip's Office 10 Downing Street 11 Downing Street 12 Downing Street Privy Council Office
Residence	First Lord of the Treasury Prime Minister Second Lord of the Treasury (Chancellor of the Exchequer) Parliamentary Secretary to the Treasury Government Chief Whip Chief Mouser to the Cabinet Office
Prime Minister's Office	Chief of Staff Principal Private Secretary Parliamentary Private Secretary Director of Communications Press Secretary Director of Policy Prime Minister's Official Spokesperson
Incidents	Provisional IRA mortar attack (1991) Plebgate (2012)

v t e Her Majesty's Treasury
Headquarters: 1, Horse Guards Road
Ministers	First Lord of the Treasury Chancellor of the Exchequer / Second Lord of the Treasury Chief Secretary to the Treasury Paymaster General Financial Secretary to the Treasury Economic Secretary to the Treasury Exchequer Secretary to the Treasury City Minister* Commercial Secretary to the Treasury*
Executive agencies	Debt Management Office
Budget day	Autumn Budget Spring Statement
Other	Lords Commissioners of the Treasury Crown Estate Infrastructure and Projects Authority National Infrastructure Commission Office for Budget Responsibility Office of Tax Simplification Royal Mint UK Financial Investments
* Office not currently in use

v t e Cabinet of the United Kingdom
Great Offices of State	Prime Minister / First Lord of the Treasury Chancellor of the Exchequer / Second Lord of the Treasury Foreign & Commonwealth Home
Other Cabinet posts	Leader of the House of Lords / Lord Privy Seal Minister for the Cabinet Office / Chancellor of the Duchy of Lancaster Minister without portfolio Business, Energy & Industrial Strategy Housing, Communities & Local Government Digital, Culture, Media & Sport Defence Education Environment, Food & Rural Affairs Exiting the European Union Health & Social Care International Development International Trade / President of the Board of Trade Lord Chancellor / Secretary of State for Justice Northern Ireland Scotland Transport Wales Work & Pensions
Also attend Cabinet	Attorney General Chief Secretary to the Treasury Chief Whip Leader of the House of Commons / Lord President of the Council Minister of State for Climate Change and Industry Minister of State for Immigration

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Gfrktyl

First Lord of the Treasury

Contents

Lords of the Treasury

Official residence

List of First Lords of the Treasury, 1714–1905

See also

Notes

References

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First Lord of the Treasury
Royal Arms of Her Majesty's Government
Incumbent Theresa May since 13 July 2016
Her Majesty's Treasury
Style	The Right Honourable
Member of	Cabinet
Residence	10 Downing Street
Seat	Westminster
Appointer	The Monarch appoints ex officio the Prime Minister
Term length	At Her Majesty's pleasure
Formation	1126: as Lord High Treasurer 1612: as First Lord of the Commission of the Treasury 1714: commission has been permanent since the resignation of the Duke of Shrewsbury
First holder	Nigel as Lord High Treasurer The Earl of Northampton as First Lord of the Commission The Earl of Halifax when the commission became permanent
Deputy	Second Lord of the Treasury
Website	www.gov.uk

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